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Advisers Not as Valued as Family, Friends for Financial Advice
Workers are twice as likely to look to personal research or the advice of family and friends as they are to rely on the services of a financial...
MassMutual Retirement Services Institutional Sales Team Adds Two
MassMutual Retirement Services has two new Managing Directors of Institutional Sales, effective May 1.
Rick Capozzi Jumps from Merrill to Morgan
Morgan Stanley Global Wealth Management Group (GWMG) announced that, this July, Rick Capozzi will join the firm as a Managing Director and National Sales Manager.
Fiserv ISS Sold to TD AMERITRADE
Fiserv, Inc. has announced the signing of definitive agreements to sell its Fiserv Investment Support Services (Fiserv ISS) operations in two separate transactions.
RiverSource Unveils Two Adviser-Distributed Funds
RiverSource Investments, LLC, a subsidiary of Ameriprise Financial, has launched two new single-strategy mutual funds.
RiverSource Introduces Guaranteed Lifetime Income Benefit
RiverSource has launched SecureSource, an optional living benefit rider, which offers guaranteed lifetime income for individuals purchasing a RiverSource annuity.
Prudential Redesigns Retirement Planning Web site
Prudential Financial has redesigned its Web site for retirement plan participants in an effort to make online retirement planning easier.
JPM Asset Management Names New CEO for Institutional Business
JPMorgan Asset Management has tapped John H. Hunt as Chief Executive Officer of JPMorgan Asset Management’s Institutional business in the Americas.
Hylant Financial Services Joins NRP
Toledo, Ohio-based Hylant Financial Services is the latest company to become a member firm of National Retirement Partners (NRP).
DB Market To Experience Major Upheaval
The U.S. defined benefit pension market is going to be hit with a massive shakeup that will see three-quarters of private-sector DB assets frozen or terminated in the...
BISYS Settles SEC's Improper Accounting Allegations for $25M
BISYS Group, Inc. has agreed to a $25 million settlement with the Securities and Exchange Commission (SEC) over charges that the financial services provider used improper accounting practices...
S&P Expands Shariah-Compliant Indexes
Standard&Poor's has launched indexes that include the most liquid stocks in Brazil, Russia, India, and China that comply with Shariah law.
S&P Unveils Shariah-Compliant Indexes
Standard&Poor's has launched fully investable indexes for Muslim investors that include only stocks that comply with Shariah law.
Significant Potential Exists for Advisers in Retirement Plan Market
Nearly half (42%) of plan sponsors do not have a relationship with a financial adviser.
Is It Hip to Double-Dip?
Many of us will be firing up the grills this weekend and gathering with friends and/or family for the long Memorial Day weekend.
Vanguard Files for Fifth International ETF
The Vanguard Group announced that it has filed a registration statement with the Securities and Exchange Commission (SEC) for its fifth international ETF.
Consumers Say Trusting Adviser Marketing Info Was a Mistake
The most common mistake made by consumers in the adviser selection process - accepting marketing information as accurate.
Progress, Not Returns, Driver of Client Satisfaction
Clients want to know they are on their way to achieving life goals, not investment performance.
IndexIQ Strategies to be Used in New Managed Account Offering
IndexIQ Inc. has agreed to provide indexing solutions to Advisor Partners LLC, a separate account manager serving the professional high end adviser market.
Trust a Critical Factor in 401(k) Participation
Although behavioral components are important, financial literacy and trust are critical variables in understanding 401(k) plan savings behavior.