CHICAGO — Life cycle fever seems to be spreading from 401(k) plans to variable annuities. At ING Variable Annuities, for instance, assets in LifeStyle portfolios — which were introduced as ING-managed subaccounts in mid-2004 — reached $8 billion at the end of April, up from more than $4 billion at the end of 2005.
CHICAGO — According to a new white paper, although 83% of plan sponsors who used financial advisers were very satisfied with them, 42% of surveyed sponsors didn’t even use one.
NEW YORK — A key roadblock to health savings account acceptance is that many people know little or nothing about HSAs and their required high-deductible health insurance plans, according to industry experts.
BOSTON — In an effort to reverse outflows and attract new assets, American Century Investments is stepping up its efforts to sell mutual funds through financial advisers.
It's the prefrontal cortex, stupid. That's the part of the client's brain that can scuttle an adviser's best-laid plans.
Trying to reverse outflows and attract assets, American Century Investments is beefing up its adviser channel.
When it comes to voting their proxies in elections for corporate directors, mutual fund companies prefer not to stand out from the crowd.
The Hartford Mutual Funds, where assets have more than quadrupled since 2000, added three funds last week, including two requested specifically by financial advisers.
Hedge fund manager Man Group plans to list one of its hedge funds on the NYSE this fall – and today announced a strong annual profit.
The largest shareholder of Citigroup has expressed confidence in chief executive Charles Prince and does not want to see a breakup of the company.
