Two RMD Delay Bills Filed
Two Republican U.S. Senators have introduced proposals to delay enforcement of retirement plan required minimum distribution (RMD) rules because of the struggling economy.
News
Advisers Like Independence—Just Not Too Much
Financial advisers expressed that a combination of independent broker/dealer and traditional career system offerings would make them most successful, according to a survey released by John Hancock Financial...
Vision Capital Advisors Adds Managing Director of Fixed Income
Vision Capital Advisors, L.L.C., a New York-based registered investment advisory firm, said that Andrew Lutz has joined the firm as Managing Director, effective immediately.
RIAs Say Recruiting Talent as Challenging as Recruiting Clients
A study released by Pershing Advisor Solutions LLC found that challenges and priorities have changed for RIA firms in the last two years.
Pershing Launches Program to Help Wirehouse Advisers Transition
Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation, launched Advisor in Transition, a practice management program.
OppenheimerFunds Introduces Retirement Income Program for Advisers
OppenheimerFunds, Inc. (OFI) Retirement Solutions Division announced the launch of Lifetime Income Distributor.
Schwab Finds Participants Paying More Attention
Charles Schwab has found that participant engagement in Schwab-serviced 401(k) plans increased both online and over the phone during the months of September and October.
Newport Adds Spanish to Web Site, Statements
The Newport Group is now making its participant account statements and participant Web site available in Spanish.
Symetra Unveils Guaranteed Income Products
Symetra Life Insurance Company announced the availability of its Stability Suite.
Fidelity Investments Launches WealthCentral
Fidelity Investments today announced the launch of Fidelity WealthCentral, a Web-based wealth management platform for registered investment advisers (RIAs).
Participants Have Lowered Expectations
A Mercer survey indicates that the economic realities of the past year have led retirement plan participants to lower their retirement expectations.
GMS Group Expands Managed Account Services
The GMS Group has launched a managed account platform with new offerings from FundQuest.
FINRA Launches Tool for Mutual Fund Investors
The Financial Industry Regulatory Authority (FINRA) Monday launched the Fund Analyzer, an online tool to help mutual fund investors with investment choices.
Fidelity Card Provides Retirement Rewards
Fidelity Investments has announced the launch of its new Retirement Rewards Card, which gives consumers the ability to save for retirement while making purchases.
Market Conditions Trigger Fund Reopening
JennisonDryden plans to reopen the Jennison Small Company Fund.
Invesco Aim Unveils New Strategy for Fund
Invesco Aim has announced changes to the management strategy of AIM Limited Maturity Treasury Fund that it said will allow for more active management of the portfolio.
Over the Year, Advisers See Retirement Preparedness Plummet
Brinker Capital released the year-end results of its Brinker Capital Retirement Indicator, a gauge of financial adviser sentiment regarding retirement-related issues.
DTCC Extends Mutual Fund Services to Investment Managers
The Depository Trust&Clearing Corporation (DTCC) announced today a change in its rules that will give investment managers who oversee managed accounts programs direct access to Fund/SERV and other...
403(b)s Also Lose the Match
The trend of suspending company match contributions to save money during the financial crisis has spread to 403(b) plan sponsors, as St. Peter’s Health Care Services announced it...
Web Forum Launches to Help Break-Away Advisers
A group of technology providers to the independent financial advisory industry banded together to launch the Independent Advisor Technology Forum (IATF).