The Vanguard Group Inc. has slashed costs on five more exchange traded funds in its latest effort to play catch-up with Barclays Global Advisors.
Managed accounts aren't popular default options in 401(k) plans, because fees are too high for plan executives to justify, leaving them concerned about fulfilling their fiduciary responsibility, experts say.
Aware of the appeal of variable annuity riders, carriers plan to strengthen their offerings while attempting to meet financial advisers' calls for simplicity.
Insurers are stepping up their wholesaler education efforts to help advisers prepare for tougher suitability rules involving the sale of variable annuities.
As Wisconsin's insurance commissioner and vice chairman of the Life Insurance and Annuities (A) Committee of the Kansas City, Mo.-based National Association of Insurance Commissioners, Sean Dilweg is focusing on suitability, wholesaler training and curbing VA abuse.
RevenueShares Investor Services LLC became the latest firm to enter the exchange traded fund market Friday, launching three ETFs based on indexes weighted by the amount of company revenue.
Portfolio volatility and the sequence in which returns are realized play a unique role in portfolios subject to regular retirement withdrawals.
While industry experts and broker-dealers are working to simplify variable annuity processing and cut down on paperwork electronically, software vendors are trying to help advisers easily compare products to comply with suitability requirements.
Morningstar Inc.'s recent launch of a star-rating system for hedge funds is the ultimate move into the mainstream for an asset class that has long thrived as an exclusive alternative investment.
As it presses to improve profitability, Putnam Investments may also have to contend with even more upheaval among its mutual fund managers.
Some people might describe the American Beacon International Equity Fund (AAIPX) as an international fund for the faint of heart because it doesn't expose investors to far-off and exotic markets.
Closed-end mutual funds caught in "failed" preferred-securities auctions are making investors nervous, but industry experts and advisers say there are opportunities for those who look beyond the current turbulence.
The two were among a group of ex-Marsh executives who were charged in a criminal indictment in September 2005.
The composite Eurekahedge Hedge Fund Index fell 3.1% in January, the worst performance since the company began keeping data in January 2000.
MBIA has pulled away from the Association of Financial Guaranty Insurers, saying it no longer shared the trade association’s views.
The firm was “the unfortunate victim of misconduct by certain former employees,” according to a client letter.
Ex -AIG CEO Maurice R. Greenberg will get court-ordered access to legal documents that could help him fight fraud charges, according to published reports.
At campaign stops, Sen. Hillary Clinton argued that hedge fund executives shouldn't be immune from certain taxes.
The New York State Insurance Department also reproached the plan, arguing that it would be “bad for the banks.”
Assets in managed accounts grew by 20.1% last year, hitting $1.49 trillion, according to the Money Management Institute.
