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.
On the day before it is set to roll out its first set of exchange-traded funds, The Charles Schwab Corp. announced a bold move today: the funds will be made available commission-free for clients with Schwab accounts.
A panel of life insurance company chief executives last week assessed how the industry has dealt with the financial crisis, debating the merits of mutual companies versus stock companies.
The Securities and Exchange Commission would be instructed to study whether pre-sale disclosures should be required for all products sold to retail investors under a provision of financial services regulatory-reform legislation likely to be approved this week by the House Financial Services Committee.
Just weeks after launching its first commodities exchange-traded fund, a unit of Jefferies & Co. Inc. last week launched two similar ETFs: one focused on agriculture and another on industrial metals.
Touchstone Investments is looking to adopt funds to fill out its product lineup.
Economist, lawyer and deadpan comedian Ben Stein doesn't find much humor in the way the federal government is handling the economic crisis.
There's plenty of money-making opportunities right here in the USA, despite the sluggish economy, according to some industry observers.
The love affair financial advisers have enjoyed with American Funds has cooled.
In whatever way Congress and the Obama administration eventually change the national health care system, there is one segment of the health care market where reform has already begun and is gaining momentum.
A California life insurance agent will face a preliminary hearing Friday as he contends with grand-theft and identity theft charges.
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.
With the economy in recovery mode, Tim Palmer, a senior portfolio manager with First American Funds, has zeroed in on the financial sector's high-grade bonds.
A German man who founded the hedge fund group K1 was arrested by police amid an investigation into possible fraud that may total some euro200 million ($295.7 million), prosecutors said Thursday.
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
The U.S. House Financial Services Committee has voted to regulate for the first time hedge funds and other large pools of capital.
Just weeks after launching its first commodities exchange-traded fund, a unit of Jefferies & Co. Inc. today launched two similar ETFs: one focused on agriculture and another on industrial metals.
The tiny Philadelphia Fund (PHILX), which traces its roots to 1923 and is one of the oldest mutual funds, will be merged out of existence next month.
New opportunities for insurers and asset managers are on the horizon as they seek a way to put a guaranteed wrapper around target date funds, according to an insurance company executive.
