Domestic Equity Offerings Big January Losers
Stock and bond funds experienced net outflows of $22.9 billion in January, according to data from the Financial Research Corporation (FRC).
News
Scarborough Group Splits Participant and Adviser Advice Services
Effective March 1, 2008, The Scarborough Group, Inc. will become two companies – Scarborough Capital Management, Inc. and Retirement Management Systems, Inc. – offering services to 401(k) participants...
SSgA Seeks SEC OK to Launch Active Target-Date ETFs
State Street Global Advisors (SSgA) announced it is seeking permission from the Securities and Exchange Commission (SEC) to launch a series of actively managed, target-date exchange traded funds...
Zimpleman Expands Role at Principal
Larry D. Zimpleman will take on the new role of chief executive officer at the Principal Financial Group, effective May 1, 2008.
Key in Target-Date Funds: Diversity and Downside Protection
A new research paper about target-date funds finds that the most effective designs include extended and alternative assets and remain highly diversified for the entire investment horizon.
Citi, Legg Mason in Overlay Business Deal
Citi and Legg Mason have agreed that Citi Global Wealth Management (GWM) will acquire the overlay and implementation business of Legg Mason Private Portfolio Group (LMPPG).
Wall Street Access’ Private Wealth Management Group Names New MD
Charles McCollough Wright, CFA, has joined Wall Street Access’ Private Wealth Management Group as Managing Director.
403(b) Sponsors Want Help Complying with New Regs
Three-quarters (77%) of 403(b) plan sponsors say it is very or somewhat important to get outside advice about what actions they must take to comply with new Pension...
Mutual of Omaha Puts Out TPA Service
Mutual of Omaha is now offering plan sponsors a retirement platform that integrates with existing third party administrators.
US Fiduciary Forms New Wealth Management Team
US Fiduciary, Inc. (USF) announced that Mark Tidwell and Charlie Rawl have left Stanford Financial and joined US Fiduciary’s platform, under the brand Zenith Wealth Management.
PA Firm Puts Out Roth Analysis Tool
ERISA Expertise LLC, a Blue Bell, Pennsylvania, plan services provider, has introduced the Roth 401(k) Analyzer V3.0.
Great-West Expands Sales through Advisers, Consultants, and TPAs
Great-West Retirement Services has appointed three regional sales directors to focus on development of new corporate 401(k) plan business through brokers, financial advisers, consultants, and third-party administrators (TPAs).
FL Associations Unveil Model 403(b) Plan
A coalition of Florida’s K-12 education associations announced the development of a 403(b) Model Plan for Florida educators in a February 25 nationwide teleconference.
Mutual of Omaha to Acquire Retirement Product Wholesaler
Mutual of Omaha has entered into a definitive agreement to acquire the assets and personnel of Retirement Marketing Services (RMS), a Dublin, Ohio-based independent wholesaler specializing in marketing...
Americans Need to Increase Saving, Group Says
More than half of Americans save less than 5% of their income, but the majority (57%) of Americans not yet retired still believe they are socking away enough...
401k Toolbox's Managed Account Service Offers Fiduciary Warranty
PMFM's 401k Toolbox's managed account service now offers a fiduciary warranty when the managed account service is used as the Qualified Default Investment Alternative (QDIA) in a qualified...
U.S. Wealth Management Firms Need to Build Client Advocacy
More than half (57%) of wealth management clients are not advocates of their advisory firms, and over 40% do not consider their firm a "trusted adviser" to help...
Site Connects Advisers with HNW Companies, Retirement Plans
SLM Holdings, Inc., a financial software company, has launched an online network that provides financial professionals access to information concerning high-net-worth individuals, their companies, and their retirement plans.