Bank of America Corp.'s retirement services head Andrew Sieg will now be responsible for a unit managing investment products.
As the Labor Department prepares to issue stricter rules for the retirement fund industry, financial advisers at RIA firms are licking their chops over the prospect of poaching business from broker-dealers and insurance agents
For decades, the Consumer Federation of America has fought for greater SEC monitoring of investment advisers. But with the commission facing funding woes, the consumer group sees the writing on the wall-- and it says 'SRO.'
Apparently, the new normal is not so bad for famed Pimco fund manager Bill Gross. According to reports, the bond king has purchased actress Jennifer Aniston's Beverly Hills house for $38 million.
Fees fall for stock and money market funds; charges for fixed-income offerings hold steady
The Treasury Department will soon offer guidance on lifetime income options in 401(k) plans with the aim of curbing the number of individuals who are likely to outlive their retirement savings.
Bill Gross, Pimco's bond king -- and the king of the unusual analogy -- offers another offbeat comparison to get the attention of would-be purchasers of government paper.
Professor of finance pokes fun at Bill Gross — and sees continued run-up in stock prices
Pimco, Brandywine and GAM will co-manage firm's new flexible bond fund
When Robert Arnott was deciding whether to start his own investment firm, he met with his hero John Bogle for dinner
A survey finds that cost is the most important factor for advisers when selecting exchange-traded funds. Service? Not so much.
Middle-class families are quickly being priced out of the top universities. But a bold new program at the University of California at Berkeley -- limiting the total costs for families with modest incomes to 15% of earnings -- offers a ray of hope. | <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20110711&Category=FREE&ArtNo=711009999&Ref=PH&Params=Itemnr=1>The most expensive state schools &raquo;</a> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20111117&Category=FREE&ArtNo=111709999&Ref=PH>Top-rated 529 plans &raquo;</a>
Joe Paterno, the under-fire Penn State Nittany Lion coaching legend, has been assailed by some for selling his home to his wife for $1? The claim? Paterno was attempting to shield his assets from potential lawsuits. Not so, say estate lawyers in Pennsylvania. | <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Avis=CI&Dato=20110711&Kategori=FREE&Lopenr=711009999&Ref=PH>PSU ranked No.1 — on the list of most expensive state schools &raquo;</a>
But low-return plan may not be the best bet when dealing with long time horizons; 'not very useful'
Increasing number of universities going 'test optional' rather than relying on SATs; high school grades a better predictor
Out-of-sight tuition has left parents with little choice but to seek new ways to help fund their childrens' college education. One idea that's growing in popularity: crossing private universities off the apply-to list.
Critics claim the College Board's charges for entrance and placement exams are getting out of hand. Says one former dean at the University of Chicago: 'The College Board is more interested in marketing and selling things than it is in its primary responsibility, promoting equity and educational opportunity.'
