Jessica was a reporter for InvestmentNews from 2009 to 2011. Afterwards she moved on to Thomson Reuters working as a reporter and correspondent, then to 'The Information' as a senior reporter, and in 2022 became Deputy Media Editor at The Wall Street Journal. Connect with her on LinkedIn here.
Exchange-traded-fund providers in the coming year will have to focus on making sure financial advisers understand their products — and how to use them in client portfolios — as they anticipate increased scrutiny from regulators and the media, according to participants in today's ETF round table at InvestmentNews' New York offices.
Despite the growing trend of employers putting their 401(k) plans on autopilot, many more are making investment advice available to plan participants, according to Hewitt survey released today.
BrightScope, a San Diego, Calif.-based 401(k) data and analytics firm, announced on Monday a partnership with Target Date Analytics LLC to launch the BrightScope On Target Index. Effective today, plan sponsors and advisers who sign up to use BrightScope's online tools to compare their plans' performance to others will now also be able to benchmark the target date funds within their plans.
Merrill Lynch Global Wealth Management last week unveiled a training program to help its 15,000 financial advisers develop a retirement income program for their clients.
Touchstone Investments is looking to adopt funds to fill out its product lineup.
There have already been more than three times the number of target date fund liquidations so far this year than there were in all of 2008. Moreover, experts predict that trend to increase as smaller fund managers are finding it nearly impossible to gain traction in the market.
ING is looking to sell its $92.4 billion global real estate business and BlackRock Inc. has emerged as one of the potential buyers, according to industry sources
ING Group is leaning toward doing an Initial Public Offering of its investment management business, according to industry sources.
John Taft, president and CEO of RBC Wealth Management, will serve as chairman-elect.
Touchstone Investments is looking to adopt funds to fill out its product lineup.
