News

Guggenheim Funds Distributors, Inc. has expanded its international exchange-traded fund (ETF) suite with the Guggenheim ABC High Dividend ETF.

Specialty insurance brokerage firm, Alliant Insurance Services, hired Michael F. Foy to be Vice President for the company’s national retirement services group, Alliant Retirement Services.

In a letter to the Department of Labor (DoL), the SPARK Institute expressed its support for the proposed extension of the applicability dates for fiduciary-level and participant-level 408(b)(2)...

A judge this week dismissed a case alleging that because brokers are being paid for investment advice by 12(b)-1 fees, they should also be registered as investment advisers. 

The Pension Rights Center, a nonprofit consumer rights organization, believes that current safe harbor rules balance the interests of participants and beneficiaries, and the interests of efficient plan...

Secretary of Labor Hilda Solis filed an amicus brief with the U.S. Court of Appeals for the Fourth Circuit asking for a rehearing and reversal in the McCravy...

DST Retirement Solutions has hired Ian Sheridan as division vice president to implement its new Retirement Income Information Clearing & Calculation (RICC) offering.

Trisha Brambley has joined New Jersey-based Portfolio Evaluations, Inc. (PEI).

A federal judge is likely to approve a $32 million settlement against Wells Fargo & Co. in a suit brought by female financial advisers who claim they were...

Lord, Abbett & Co. and Wilshire Associates announced the joint release of Pro Active Income Solutions, portfolios designed to deliver targeted income through an active overlay. 

Roberta Eckert and Michael Agan are the newest Wealth Management Consultants on the Fee-Based Distribution team for Allianz Life.  

Morningstar, Inc. announced plans for a global fund ratings system and a uniform approach for global fund research reports.

Mutual of Omaha Retirement Plans Division announced a strategic alliance with Triad Advisors Inc. to help support the sale of its retirement plan solutions.

MetLife is expanding its workplace financial and retirement educational programs with a series of workshops covering an array of financial topics, known as PlanSmart.

Financial advisory firm Aperio Group LLC has partnered with Aquinas Associates to develop a portfolio that adheres to the U.S. Conference of Catholic Bishops’ (USCCB) socially responsive investing...

Advisers in the DC Advisory program at UBS Financial Services Inc. will receive fee benchmarking services from Fiduciary Benchmarks, in partnership with BlackRock.

In an amicus brief filed on behalf of plaintiffs in Taylor v. KeyCorp, Secretary of Labor Hilda L. Solis explains her opinion.

Principal Funds is launching the Web site Preferredsecurities.com as a place for advisers to learn about the potential of investing with preferred securities.  

Julie Gerend joins Advantus Capital Management as senior vice president, Institutional Accounts and Insurance Advisory Sales, effective May 31. 

Allergies are up across the country, but some cities are worse off than others, according to a study from Quest Diagnostics.