Prudential Financial today announced that it would close its equity research and trading business, with a loss of some 420 jobs.
MetLife Inc.'s Investors Group has promoted Elizabeth M. Forget to senior vice president, the insurer said today.
Hennion & Walsh today introduced three fund-of-ETFs mutual funds based on indexes created by Lipper Inc.
A New York-based hedge fund has raised $2 billion and may launch an activist assault on the “King of Beers," according to a New York Post report.
American Funds' offerings led the international category in the first quarter, says Cerulli Associates.
Mutual funds continue to support the lion's share management-backed proposals that determine how top executives are paid, according to a new report.
WisdomTree Investments today announced the launch a new dividend-weighted exchange traded fund that invests in international real estate.
Great-West Life bought Boston-based Putnam Investments to obtain "instant recognition" in the U.S. market.
Highbridge Capital Management has hired former Goldman Sachs investment banking co-head Scott Kapnick top launch a new private equity business.
The fear of mergers-and-acquisition agreements’ going sour increasingly is being eased by insurance, according to industry experts.
The recent setting aside of the broker-dealer exemption rule could make the brokerage community one of the hottest markets for exchange traded funds — a dramatic reversal from the way ETFs were viewed by brokers just a few years ago.
NEW YORK — Advisers hoping to convince clients that they need a long-term financial plan should do their best to appeal to the prefrontal cortex of their clients’ brains — and steer clear of the limbic system altogether.
PHILADELPHIA — When it comes to voting their proxies in elections for corporate directors, mutual fund companies prefer not to stand out from the crowd.
BOSTON — The Hartford Mutual Funds, where assets have more than quadrupled since 2000, added three funds last week, including two requested specifically by financial advisers.
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.
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.
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.
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.
The Hartford Mutual Funds, where assets have more than quadrupled since 2000, added three funds last week, including two requested specifically by financial advisers.
Trying to reverse outflows and attract assets, American Century Investments is beefing up its adviser channel.
