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.
PHILADELPHIA — When it comes to voting their proxies in elections for corporate directors, mutual fund companies prefer not to stand out from the crowd.
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.
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.
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 — 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.
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.
When it comes to voting their proxies in elections for corporate directors, mutual fund companies prefer not to stand out from the crowd.
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 former head of an Idaho hedge fund firm pleaded guilty to securities fraud, according to published reports.
Global Alpha, Goldman Sachs’ flagship hedge fund, fell 3.4% during the first four months of this year.
London-based HSBC, Europe’s biggest bank, has created a $100 million partnership to study the impacts of climate change.
New York Life Retirement Plan Services is taking a page from retailers like Amazon.com Inc. in order to better understand and predict employee retirement planning behavior.
A new 401(k) plan featuring iShares ETFs from Barclays Global Investors is now available.
State Street Global Advisors announced five new fixed-income SPDR ETFs will begin trading on the American Stock Exchange tomorrow.
New York Life Insurance Co. has announced promotions in its general counsel department.
Paul S. Atkins, a commissioner of the SEC, is in line to head up the Commodity Futures Trading Commission, the Financial Times reported.
