News

George Gatch, Chief Executive Officer of J.P. Morgan Investment Management Americas, says the company is in the process of dramatically strengthening the investment in, and commitment to, the...

More slips, blips, dips, and tips from 2010 

Fidelity Investments has renewed its long-standing contract with BP America, Inc., a subsidiary of BP plc, as its retirement services provider.

The Buckingham Family of Financial Services has acquired Advisors Access, a turnkey 401(k) program, from Capital Directions.  

TD Ameritrade Institutional has been collaborating with third-party technology providers in order to open its Application Programming Interface (API) with its VEO management platform.   

Representative Michele Bachmann (R-Minnesota) has introduced new legislation, H.R. 87, to repeal the Dodd-Frank financial reform bill.

The U.S. Tax Court upheld a decision by the Internal Revenue Service (IRS) that an employee stock ownership plan (ESOP) and its employee stock ownership trust (ESOT) are not...

After filing an amended complaint, participants of Medtronic Inc.’s retirement plan failed to convince the court that the company breached its fiduciary duties by continuing to offer company...

A federal judge in New York rejected claims that plan fiduciaries are immunized against stock drop suits if the plan mandates company stock investments; a decision not commonly...

The Newport Group appointed Rob Schaffernoth as Vice President, Retirement Services, a newly created position at the company.

Former owners of a St. Paul, Minnesota, business services company are jointly liable for repaying losses to the company’s retirement plan after they used plan assets to pay...

Only 28 of the approximately 7,000 publicly-owned companies that report dividend information to Standard & Poor's decreased their dividend payment during 4Q2010.

In retirement plans that offer Vanguard Financial Planning Services, participants nearing retirement now have free access to a Vanguard Certified Financial Planner.

Robinson & Associates, a Boise, Idaho-based company that helps advisers with client retention, is introducing the Customer Lifetime Value (CLV) calculator.  

Janus Capital Group has launched the Janus Global Bond Fund and Janus Emerging Markets Fund.

Former Co-Heads of Morgan Stanley Smith Barney’s Capital Markets Division, Kevin Morano and Tom O’Brien, have founded SumRidge Partners, LLC, a fixed income broker/dealer.

It’s a list of epic fails that “the American People” might well “Google” or “Facebook” with their BFFs–or perhaps “refudiate” the “back story” with “mama grizzlies” who won’t...

Van Eck Global has changed the name of its nuclear energy exchange-traded fund (ETF) to Market Vectors Uranium+Nuclear Energy ETF.

Prudential Investments announced the launch of its Q Share class for select mutual funds; designed to meet fee transparency needs of group retirement plans.

A Pricewaterhouse Coopers (PwC) survey finds asset managers are more focused on valuation for accuracy, risk management, transparency and accountability purposes.