Batterymarch Introduces Large Cap Value Strategy
Batterymarch Financial Management, a Boston-based institutional equity manager, has launched a U.S. large capitalization value equity portfolio.
News
Financial Advisers Concerned About Market Conditions
When asked what issues would have the most significant impact on businesses in 2008, advisers are most concerned about market performance/volatility (58%), retiring Boomers (54%), and the real...
Senators Introduce 401(k) Fee Disclosure Legislation
Senator Tom Harkin (D-Iowa) and Senator Herb Kohl (D-Wisconsin) introduced legislation on Thursday designed to protect American workers by ensuring they can access information on the cost of...
Retirement Savings Increase 4% in Q207
Americans' retirement savings grew in the second quarter of 2007 to $17.4 trillion, according to the latest Investment Company Institute (ICI) data.
SEI Says Advisers Most Focused on Communication in ‘08
As the year comes to a close, advisers are planning ahead for 2008 and, according to a recent poll by the SEI Advisor Network, advisers’ New Years resolutions...
DailyAccess Unleashes Institutional Sales Team
Mobile, Alabama-based recordkeeper DailyAccess Corporation has announced the creation of an Institutional Sales team.
Integrity Mutual Funds Opens College Planning Portal
Minot, North Dakota-based Integrity Mutual Funds, Inc. has launched the second phase of its new website campaign.
MullinTBG Program Provides Lifetime Executive Financial Care
Nonqualified executive benefit plan provider MullinTBG has launched a new “life-long†executive benefits program.
Schwab Sub Snares RIA Back Office Outsourcer
Raleigh, NC-based Schwab Performance Technologies (SPT) has entered into an agreement to acquire RIA back office outsourcing provider Etelligent Consulting, Inc.
Sun Life Sells US RK Biz to The Hartford
The Hartford has made another acquisition – this time Sun Life Retirement Services (U.S.), Inc. (RSI), a 401(k) plan administration business.
Boomers and Retirees Want Retirement Planning Do-over
A new Lincoln Retirement Institute survey of Baby Boomers and retirees (age 42+) reveals the majority would like a retirement planning do-over.
EBSA Releases Proposed Revisions to Provider Fee Disclosures
Federal regulators on Wednesday issued the second of a three-part disclosure rule package – proposed mandates for detailed disclosures from service providers to plan fiduciaries.
SEI Names New Leader for B/D Support Team
Patrick Sullivan has been named as leader of SEI’s National Accounts Team, which delivers specialized support to broker/dealer home offices.
GAO Paints Bleak Picture of Teens’ Retirement Readiness
A new federal report painted a somber picture of the retirement readiness of American teenagers, projecting that 36.8% of today’s 17-year-olds will reach retirement age with no retirement...
Struggle to Keep Up Trumps Retirement Savings Worry
For the first time since 2004, respondents to the Mercer Workplace Survey said they are more worried about keeping up with monthly expenses than saving for retirement.
Few Wealthy Clients Loyal to Their Advisers
Less than 12% off affluent investors responding are loyal to their advisers, according to a survey from Janus Labs, in partnership with private wealth industry expert Russ Alan...
Fidelity Expands Program for Brokers Going Independent
Fidelity Investments has expanded its program for advisers leaving traditional brokerage firms for an independent advisory business model, adding new resources and support in three key areas: health...