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Participants in Lifestyle Funds Outperform Do-it-Yourselfers
Participants investing in a single lifestyle, risk-based, fund had ending account balances that were 11% higher than those not using the funds over a 10-year period, according to...
Fee Disclosure Proposal Draws Industry Criticism at House Committee Hearing
Retirement industry groups told the U.S. House Education and Labor Committee last week that a legislative proposal calling for greater disclosure of 401(k) fees would be too overwhelming...
IMHO: The Devil in the Details
The testimony presented at last week’s hearing by the House Education and Labor Committee on the issue of 401(k) fees was remarkably consistent, IMHO, certainly compared with the...
IMHO: The Devil in the Details
The testimony presented at last week’s hearing by the House Education and Labor Committee on the issue of 401(k) fees was remarkably consistent, IMHO, certainly compared with the...
Harris Leaves McHenry Group for Consultant Rogerscasey
Institutional investment consulting firm Rogerscasey Inc. has hired Ward Harris as Managing Director, Financial Intermediary Group and T. Patrick Mulvey as Managing Director, Marketing and Business Development.
Football Fans Favor Colts, Cowboys
It’s early yet – but football fans already have their favorites picked for the Super Bowl.
Wells Fargo Launches Retirement Readiness Calculator
Wells Fargo&Co. has launched an interactive, online calculator that estimates the number of years a person's retirement funds will last once they stop working.
M&I Appoints Vice President, Director of Institutional Sales
M&I Investment Management Corp. has appointed Thomas Nolte, formerly of Wells Fargo and Strong Capital Management, as vice president, director of institutional sales.
Oppenheimer RK Program Added to Merrill Retirement Platform
Record(k)eeper Pro, OppenheimerFunds' retirement program for small- to mid-sized companies in the 401(k) marketplace, has been added to the MLConnect retirement platform at Merrill Lynch.
Par for the Course?
It is generally thought that competitive pressures bring out the best in us, that we come with our best “game″ when we know that that is what it...
Money Fund Managers Concentrating on Safety Says S&P
A new Standard and Poor’s study found that money fund managers are concentrating on safety and liquidity and downplaying yield.
Women Lack Confidence about Retirement
Women’s confidence in their ability to retire with a comfortable lifestyle has remained low and has not changed since 2004, with only 23% claiming to be very confident...
Bank of America Names Carey as New Retirement Solutions Head
Bank of America has appointed Bill Carey, formerly of Fidelity Investments, as national executive of Business Retirement Solutions.
Absolute Immunity Does Not Apply to NYSE in Oversight Duties
The 2nd U.S. Circuit Court of Appeals has reinstated a case brought against the New York Stock Exchange (NYSE) by institutional investors who claim the exchange and seven...
AllianceBernstein Helps Advisers Have 'Great Conversations'
AllianceBernstein Investments, Inc. has launched a program that allows financial advisers to leverage proprietary AllianceBernstein research to conduct targeted 401(k) plan evaluations that correspond to the needs of...
401(k) Plans Undergoing Redesign
As the 401(k) plan becomes 'the new retirement superpower,' attention has turned to the weakness of the plans and is leading to 401(k) version 2.0, a research report...
Wachovia Securities Offers Practice Valuations to Adviser Firms
Wachovia Securities Financial Network (WSFN) has announced it will provide comprehensive practice valuations (a 60+ page analysis of the firms) to the top 20% of its affiliated independent...
Los Alamos is Tops in Residents' Personal Savings and Investing Behavior
Los Alamos, New Mexico, earned the top spot for the second year in a row on A.G. Edwards’ third annual Nest Egg Index, which ranks America's 500 top-performing...
Perspective: Don’t Confuse Sales Activities with Verifiable Advances
The fifth of seven ineffective habits of retirement plan advisers
Vanguard Extends Financial Planning Services to More Investors
Vanguard announced it is extending its enhanced services previously available to investors with $250,000 or more invested at Vanguard to Vanguard shareholders who invest at least $100,000 in...