Janus Twenty Fund to Change Skippers
Janus Capital Group Inc. has announced that Scott Schoelzel, portfolio manager of Janus Twenty Fund, will leave the firm at the end of 2007.
News
Plan Sponsors Utilize Rollover Services and Products
When communicating with retiring employees to review their retirement benefits, half of plan sponsors surveyed use a one-on-one meeting with a financial professional.
IRS Issues Guidance on Benefit Limits for Underfunded DB Plans
The Treasury Department and Internal Revenue Service (IRS) have issued proposed regulations providing guidance on changes made by the Pension Protection Act of 2006 (PPA) regarding the use...
Schwab Taps Cox as Chief Operating Officer of Corporate Services
Charles Schwab has announced the hiring of Tony Cox, a new senior executive to help lead the Schwab Corporate&Retirement Services division.
MassMutual to Add Fiduciary Warranty to DC Offering
MassMutual's Retirement Services Division will introduce a Fiduciary Warranty, available in the fourth quarter of 2007, to qualifying plans that include investment options available through MassMutual's Smart Architecture...
Mutual Funds See Positive Inflows in July
A month after suffering a $2.7-billion outflow, mutual funds ducked back into solid positive territory in July with $26.7 billion in inflows, according to data from the Financial...
KS Firm Offers Web-based Advice Product
An Overland Park, Kansas company is offering an online advice product for retirement plans.
Labor Dazed
While Labor Day has been celebrated as a national holiday for more than 100 years, it wasn’t easy.
Businesses Owned by Women Have Unique Characteristics
Most (67%) female business owners choose financial products and services based on their relationship and experience with a lender.
Marketocracy Offers Actively Managed Model Portfolio for RIAs
Marketocracy Data Services, LLC has announced it will offer an mFOLIO based on Randolph McDuff's RMG1 Value Oriented Growth model fund for registered investment advisors (RIAs).
Advisers Say Retirement Savings a Constant Concern for Clients
Sixty-one percent of financial advisers responding to Schwab Institutional's most recent Independent Advisor Outlook Study said having sufficient retirement savings to maintain their desired lifestyle is a constant...
Vanguard Proposes Benchmarking Approach for Target-Date Funds
Return-expectations and savings sufficiency can be more efficient benchmarks for target-date funds than are those used currently, according to a new paper from Vanguard Investment Counseling and Research.
Failure to Include Loan Repayments as Income Might be Bankrpuptcy Abuse
A U.S. Bankruptcy Court judge in Ohio has ruled that a 401(k) participant can't deduct $269 in monthly repayments for three plan loans from his monthly income to...
SEC Settles with Former Hedge Fund Managers for Improper Trading
The Securities and Exchange Commission (SEC) has approved two more settlements involving improper mutual fund trading with two former California hedge fund managers.
Metcalfe Resigns as WMSI CEO
Automated rollover provider Wealth Management Systems Inc. (WMSI) has appointed John Geli as Chief Executive Officer (CEO).
Vanguard to Take Control of Long/Short Fund
The Vanguard Group has announced a proposal with Charles Schwab Investment Management to reorganize the Laudus Rosenberg U.S. Large/Mid Capitalization Long/Short Equity Fund into a new Vanguard offering.
S&P Sets Index Sights on the 'Stars'
Standard&Poor’s has launched two indexes providing investors with exposure to the top stock picks of Standard&Poor’s Equity Research analysts in Europe and the United States.
Study: Advisers Helped with 67% of IRA Rollovers
Two-thirds (67%) of individuals who rolled a balance over to a personal IRA did so using a professional adviser, says a new report from Spectrem Group.