Head of world’s largest fund missing
Rescue workers were scouring an artificial Moroccan lake Saturday in search of the head of Abu Dhabi's sovereign wealth fund — the world's largest — who went missing after his glider crashed.
Bank of America unveils special designation for 401(k) advisers
Bank of America Merrill Lynch is establishing an elite new designation for financial advisers who want to work with large 401(k) plan clients. The new designation is part of the bank's push to become a bigger player in the retirement space.
Institutional money managers get more bullish on the technology sector, Russell survey shows
The technology sector continues to stand out as an area of opportunity, according to the latest quarterly survey of investment professionals by Russell Investments.
Putnam chief Reynolds leads effort to fix DC plans
Financial services industry executives are expected to flex their muscles and make some radical changes to the nation's retirement system over the next several months — an effort that could significantly increase the amount of money flowing into 401(k) plans and guaranteed-lifetime-income products.
CFP Board hikes requirement for certification exam
The Certified Financial Planner Board of Standards Inc. is raising the education requirements for planners and financial advisers who seek to take the group's certification examination.
Father-and-son advisers wounded in Dallas office shooting
Richard Smith and son R. Chris Smith — reps at Smith Financial in Dallas — apparently had an ongoing dispute with the suspect, who also turned the gun on himself and is in critical condition.
DWS Investments chief Philipp Hensler exits
Philipp Hensler, the top U.S. executive for New York-based DWS Investments, has left the firm.
Secondary market for annuities comes under pressure
The nascent secondary market for annuities and their guaranteed benefits could be stunted as the result of a vote last week by state insurance regulators to allow carriers to terminate the annuity benefits if a client sells the contract.
Account aggregation, CRM added to TradePMR platform
TradePMR Inc., a small, privately held brokerage firm located in Gainesville, Florida, is holding its annual user’s conference…
Rockefeller CEO’s death is apparent suicide
James McDonald, president and chief executive of Rockefeller & Co. Inc., one of the country's largest multifamily offices, died on Sunday. He was 56.
