News

CPI Qualified Plan Consultants announced that Matthew K. Scott will serve as the first retirement plan consultant in the Phoenix, Arizona office.

ProShares, a provider of alternative exchange-traded funds (ETFs), has launched what it says is the first ETF that provides inverse exposure to U.S. Treasury Inflation-Protected Securities (TIPS).

Putnam Investments has appointed Anne Lundberg as Senior Vice President and Consultant Relations Manager, Midwest Region.

The U.S. Department of Labor obtained a consent judgment ordering Arkion Life Sciences to restore $193,795 in restitution and interest to the company's 401(k) plan.

Two studies, one from Citibank and one from the National Retail Federation, both found that Americans will be spending more this Valentine’s Day than last year.   

Recordkeeper BPAS has partnered with Fiduciary Benchmarks to provide 408(b)(2) summary disclosure documents and independent third-party benchmarking to all BPAS clients.

A recent study from kasina found that 60% of asset managers have a mobile strategy in place and recommended more firms develop one as soon as possible.   

JPMorgan Chase & Co accused the trustee seeking $6.4 billion for victims of Bernard Madoff's Ponzi scheme of exceeding his authority by suing in bankruptcy court, where a...

Forward Management, LLC has created the Forward Commodity Long/Short Strategy Fund (FCOMX).

John Farmakis has joined DST Retirement Solutions as vice president of sales.

Guggenheim Partners, a financial services firm, established the Guggenheim Investment Advisory division to serve the needs of investment advisers and other financial intermediaries.  

PLANSPONSOR, an Asset International company, has announced the finalists for its annual Retirement Plan Adviser and Adviser Team of the Year awards.

Stock and bond funds experienced net inflows of $7.2 billion in December, according to Financial Research Corporation. 

Jeleen Guttenberg joined the Bracewell & Giuliani LLP law firm, which specializes in employee benefits, ERISA and Executive Compensation matters.

Frank Moore is the newest retirement plan consultant in the Birmingham, Alabama, office of CPI Qualified Plan Consultants.

F. Mackey Hughes has joined Wilmington Trust as managing director of endowments and foundations for the Wealth Advisory Services (WAS) business, the company announced.

Exchange-traded fund assets increased $8.8 billion (0.9%) during the month of January, to a total of approximately $1 trillion, according to State Street Global Advisors ETF Snapshot report.

Bishop Asset Management is introducing the Bishop Volatility Flex Fund (VFF).

The quarterly "Schwab Survey of Investor Confidence" shows clear signs that investor confidence improved at the end of 2010.  

The Hartford Mutual Funds announced an enhancement to the investment objective and strategy of The Hartford Tax-Free National Fund.