Oregon Settles with Oppenheimer on 529 Plan Losses
The state of Oregon has reached a $20-million settlement with MassMutual Financial Group's OppenheimerFunds Inc. of losses in a bond fund in the state's 529 college-savings plan.
Tag: Investment Managers
Former AIG Investment Advisory Business Rebrands
PineBridge Investments is the new brand name of the former asset management and investment advisory business of American International Group, Inc. (AIG).
Former Merrill Retirement Head to Run Citi Investment Unit
Two months after his announced retirement from Bank of America Merrill Lynch, Steve Bodurtha has joined Citi Private Bank as managing director and head of investment for North...
Putnam Names Three to DC Sales Posts
Putnam Investments has named Alan Dumas, John Leeson, and Chris Doucet to sales posts on its defined contribution team.
NY Life Makes DCIO VP Appointments
New York Life Investments has appointed David Giannini, James (Val) Van Deventer, and Deborah Vince as regional vice presidents in its DCIO unit, the company announced.
Lord Abbett Launches Web Site for Financial Advisers
Lord, Abbett & Co. LLC said its new Web site for advisers offers interactive content about investment solutions, market insights, and practice management.
Financial Firms Ramp up Web Message to Advisers
Asset managers are using more creative methods such as social networking to reach financial advisers, according to Cerulli Associates.
Fund Managers’ Risk Appetite on the Rise
The latest Bank of America (BofA) Merrill Lynch Fund Manager Survey found that risk appetite among investors is tip-toeing upward.
Schwab Spruces Up Education Web Site
Charles Schwab has expanded content on its educational Web site for consumers.
Herchenbach Tapped for Mutual of Omaha Retirement Post
Scott Herchenbach has been promoted to senior vice president, Retirement Plans Division, Mutual of Omaha announced.
Sentinel Appoints Leader for Adviser-Sold Product Marketing
Sentinel Investments has appointed Charles R. (C.R.) Shaw as senior vice president, national marketing director.
Natixis Targets Needs of Financial Advisers
Natixis Global Associates (NGA), the distribution arm of Natixis Global Asset Management, has announced an expansion of its initiatives in the retirement marketplace that targets the needs of...
Nuveen Taps Levi for Business Development Post
Nuveen Investments announced that David Levi has joined the firm as managing director for Global Business Development.
Franklin Templeton Snags Beaulieu from Columbia
Franklin Templeton Investments recently added Matthew Beaulieu to its team of regional defined contribution investment-only (DCIO) specialists to cover the Western U.S. region.
Old Mutual Beefs up Sales Team
Old Mutual Asset Management (OMAM) named Brian Carroll, Paul Williams, and Mark Bentley as heads of the Institutional, Non-US, and Retail distribution teams, respectively.
John Hancock Extends Target-Date Glide Path
Amid the continuing industry debate over getting workers to retirement versus through retirement, John Hancock has extended its target-date portfolio glide path for another 20 years.
Financial Advisers Get Plenty of Provider Communication
The typical adviser receives more than 100 e-mails, mailings, wholesaler visits and internal sales desk calls every month from product providers—and that’s just from the firms they work...
Fidelity Adds Roth Conversion Resources
Fidelity Investments has added resources to its ongoing effort to help investors better understand whether converting their retirement nest egg into a Roth IRA is the best move...
Boucek Named to First Mercantile Sales Post
Memphis-based First Mercantile has named Grant Boucek as regional sales director for its new Mid-South region.
Altegris Appoints Ken McGuire as COO
Altegris named Ken McGuire as COO to oversee the growth and development of APM Funds, the company’s flagship line of alternative investment products.