The Claymore/Zacks Dividend Rotation ETF will follow the Zacks Dividend Rotation Index from Zacks Investment Research Inc.
Legislation mandating complete transparency in 401(k) fees is set to be introduced in the Senate this week.
The Risk Group will be responsible for identifying, tracking and addressing key external market and industry trading developments.
Investors pumped $45.2 billion into the hedge fund industry during the third quarter, according to data from Hedge Fund Research.
Charles Rangel, chairman of the House Ways and Means Committee, has drafted a bill that would slash corporate income tax rates, The Wall Street Journal said.
The Labor Department has turned down stable-value funds as a default investment in 401(k) retirement plans.
BS AG remained the world’s largest money manager in terms of assets under management, with $2.45 trillion, to lead the Pensions & Investments/Watson Wyatt Worldwide ranking of the world’s 500 largest money managers in 2006.
Ladenburg Thalmann has acquired Investacorp, a B-D with close to 500 affiliated reps.
The American Council of Life Insurers today elected Dennis R. Glass, president and CEO of Lincoln Financial Group, as its 2008 chairman.
National Planning Holdings Inc. has begun a program to hire and manage an in-house licensed and trained assistant.
