Bucket strategies provide a pot of ‘safe money’
Using bucket strategies to manage clients' retirement income has become more popular in recent years and the reason is pretty simple: Dividing a client's portfolio into separate pools, or buckets, each with varying investment objectives, works
Securities lending in 401(k)s comes under heavy fire
Government studies show employees, bosses often unaware of practice; does it boost returns or not?
Fund manager admits to adviser fraud, Ponzi scheme
Francisco Illarramendi, a hedge fund manager in Connecticut, pleaded guilty to fraud and two other men were charged with conspiracy in a U.S. probe of an alleged Ponzi scheme with potential investor and creditor losses of hundreds of millions of dollars, prosecutors said.
Fidelity: 401(k) balances climbed 11% in 2010
Employees' 401(k) account balances in the equities markets in 2010 continued to climb and were higher than they were before the markets fell, according to a recent analysis
GAO skewers lending by plans
The Senate Special Committee on Aging and the Government Accountability Office have called upon the Labor Department to give employers guidance on securities-lending activities that are taking place within retirement plans
Hiring and welcoming COOs to firms isn’t easy
When the owners of an advisory firm turn over everyday operations to a senior-level employee, it is a watershed decision — and it is usually one that most firms avoid as long as they can
Schwab unveils it first-ever ETF list — and it features lots of Schwab funds
Brokerage firm's inaugural list of exchange-traded funds targets retail investors; 48 funds in all, 11 from Schwab.
Rockefeller & Co. lands ex-Goldman Sachs big O’Hara
Will serve as managing director for firm with $7.1B in AUMs; outfit started out as John D.'s family office in 1882
Think tank urges cutting contributions to tax-deferred plans
A proposal to cut by more than half the total amount employers and employees may contribute to their defined-contribution plans could spur some employers to kill the plans, industry lobbyists say.
McWhinney installed as head of Citi’s Personal Wealth Management unit
Struggling New York banking giant Citigroup Inc. today named Deborah Doyle McWhinney managing director and head of the bank’s newly created Citi Personal Wealth Management unit, which will include roughly 600 financial advisers already in place in retail bank branches throughout the country.
