News

Nationwide Financial Services, Inc. has added the Nationwide Bank FDIC Insured Deposit Account option to its menu of retirement plan offerings.

Mutual of Omaha has announced the appointment of two new retirement plan wholesalers, Joe Gibson and Daniel Roebuck, and the promotion of Joe Reese and Paul Tavella to...

Great-West Retirement Services has launched an enhanced Web site for participants in retirement plans it administers.

Vanguard is reducing the minimum investment requirement from $3,000 to $1,000 for the 12 funds in its index-based Target Retirement Fund series.

U.S. mutual fund investors demonstrated confidence in a gradual economic recovery, adding about $27 billion in net new cash to U.S. stock and bond mutual funds in April...

Investors poured an additional $23 billion into U.S. exchange-traded funds (ETFs) in April 2011, up from $9 billion of inflows in March.

SunTrust Banks, Inc. has acquired the assets of CSI Capital Management, a San Francisco based wealth-management firm.

Orinda Asset Management LLC, an independent, privately-held asset management firm, has launched the Orinda Multi-Manager Hedged Equity Fund.

First Trust Advisors L.P. has launched what it says is the first exchange-traded fund (ETF) focused on the global manufacturing of automobiles.

With inflation concerns looming larger, S&P Indices has launched a TIPS Index.

Advisers will be advising clients to move into domestic equities, emerging market equities, and global developed market equities and away from Treasury bills, U.S. fixed income, and...

The U.S. District Court for the Southern District of New York has ruled that a whistleblower need not personally contact the Securities and Exchange Commission to claim retaliation...

A recent working paper published by the National Bureau of Economic Research critically analyzes previous attempts to explain conversions of government pension provision systems, or social security systems,...

Lincoln Financial Group announced that its Lincoln Director group variable annuity-based retirement solution will be available for new sales exclusively through a service model supported by third-party administrators...

BNY Mellon has appointed Arthur Certosimo as CEO of Global Markets.

BNY Mellon Asset Management has named Rumi Masih as a senior investment strategist in the Investment Strategy & Solutions Group.

The majority (54%) of pre-retiree households that have a professional financial adviser feel confident they will be able to live the retirement lifestyle they choose, according to research...

Morningstar, Inc. has added 10 alternative investment categories within the Morningstar Category classification system.

John Hancock Asset Management, a division of Manulife Asset Management, has appointed the U.S. Core Value team to manage three portfolios offered by John Hancock Retirement Plan Services,...

Exchange-traded fund (ETF) industry assets rose $60.5 billion for the month of April, an increase of 5.7%, according to State Street Global Advisors' ETF Snapshot report.