Participants have a disconnect between portfolio allocations and their understanding of risk, according to a speaker at the (K)onvergence Summit in New York.
The Securities and Exchange Commission (SEC) announced a settlement in an enforcement proceeding against eight former directors of five Regions Morgan Keegan open- and closed-end funds.
Within the next few years, more than half of 401(k) participants will be entirely invested in a professionally managed investment option, Vanguard predicts.