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Fidelity 06 Earnings Down 11.3% in Competitive Market
Fidelity Investments reported that its 2006 net income was off by11.3% - its first profit drop in four years - as it scrambled to keep up with rivals,...
PowerShares and Deutsche Bank Team Up on Two Currency-Based ETFs
Deutsche Bank and PowerShares Capital Management LLC today announced their collaboration on two currency-based exchange-traded funds (ETFs).
NYSE Gets 16 iShares ETFs from the American Stock Exchange
Sixteen new iShares exchange traded funds (ETFs) have transferred listings to the New York Stock Exchange (NYSE) from the American Stock Exchange, completing a previously announced deal.
Schwab Puts Out Portfolio Product for Advisers, TPAs
Charles Schwab has launched the Schwab Advisor Portfolio, aimed at advisers and third party administrators (TPAs) interested in customizing the investment choices of their client plans, including adding...
NASD Charges Prudential Brokers with Aiding Deceptive Market Timing
The National Association of Securities Dealers (NASD) has charged two former Prudential Securities Inc. (PSI), brokers in Utah for aiding a hedge fund manager’s deceptive practices to market...
Traditional Retirement Products Being 'Phased' Out
New retirement income products must emerge to fit new retirement models.
Annuities Are an Anti-Depressant
People with annuities show fewer symptoms of depression.
Industry Must Change to Accommodate Marketplace
In the retirement income arena, the best products won’t necessarily prevail.
Morningstar’s New Managed Portfolios Based on Indexes
Morningstar Investment Services (MIS) launched a managed account service consisting of individually customized stock portfolios based on its own indexes and independent equity research.
Global Equity Picture Is Mixed in January
Emerging markets dropped by 0.11% over the month of January, while developed markets gained 1.20%, but developed market returns trailed emerging markets for both the three- and 12-month...
Merrill Hires Former Representative Ford
Former U.S. Representative Harold E. Ford Jr. has been hired by Merrill Lynch&Co.
Time for a Change?
You may have noticed that the days are getting longer – but are you ready to spring forward?
Rydex Hopes Investors Have a Yen for a New ETF
Shares of the first yen-based exchange traded fund (ETF) have begun trading on the New York Stock Exchange.
AIG SunAmerica Partners with TPA PAi
AIG SunAmerica Retirement Markets has announced a partnership with plan administrator PAi, Inc., as part of AIG’s Polaris401 (k) program for small- to medium-sized companies.
Great-West to Offer RolloverSystems to Participants
Great-West Retirement Services is piloting a system that will allow retirement plan participants to roll their assets into an individual retirement account (IRA) through a partnership with RolloverSystems.
XShares Creates ETFs with NY Firm
XShares Advisors LLC has announced its agreement with Elliott Wave International, Inc. (EWI) to create exchange traded funds (ETFs) based on technical methods developed or validated by EWI.
AIG VALIC Expands Advice to Participants in Retirement
AIG VALIC’s independent advice and managed-account platform has been expanded for the distribution phase of retirement.
New Payroll Alliances Announced for The Online 401(k)
The Online 401(k), a provider of full-service Web-based 401(k) plans for small and single-person businesses, has signed more than 40 strategic alliances with independent payroll providers across the...
SunGard and WMSI Launch Marketing Alliance
SunGard has announced a joint marketing agreement between its ProNvest and Signix business units with Wealth Management Systems Inc. (WMSI), a provider of technology-based rollover services.
NASD Fines Three Distributions for Non-Cash Comp Violations
NASD has fined three investment distributors a total of $700,000 for violations of NASD's non-cash compensation rules, including improperly providing entertainment and paying for guest expenses at training...