401(k) participants should get concise annual summaries of expenses—preferably online, according to a trade group.
Another partnership has been formed in preparation for impending boomer retirement rush.
Aperto Networks has been named as the Top WiMAX Company in India by VOICE&DATA magazine in its latest annual survey of multiple technology sectors in India.
The Department of Labor has proposed that investments be allowed as default options in 401(k) plans.
The largest B-D network will fold American General Securities of Houston into AIG Financial Advisors of Phoenix.
Registered investment advisers are the fastest-growing distribution channel for mutual-fund-based small-business 401(k)s. Starting from a small base, they are adding assets at the rate of about 14% a year, according to Boston-based Financial Research Corp.
Some brokerage firms are miffed about higher registration fees that Florida implemented this month, and blame the Securities Industry and Financial Markets Association for not doing enough to stop the increases.
A proposal to provide tougher qualification standards for investing in hedge funds and other alternative investments has proved to be so controversial that the Securities and Exchange Commission may have to alter the plan or scrap it altogether.
In a case that married dry-as-dust estate-planning issues with “Dallas”-like squabbling among wealthy family members, a Texas court has decided that King Ranch heir B.K. Johnson had all his faculties when he drew up his last will and that his widow and third wife didn’t manipulate him into excluding his children.
IRVINE, Calif. — An SEC proposal to change how broker-dealers can invest customer reserve funds has come under attack from a variety of industry interests.
SAN FRANCISCO — A small company is betting that it can turn defined benefit plans into a mainstream product for financial advisers to sell.
CHICAGO — Financial advisers are crafting new strategies to convince clients to complete their wills and estate plans.
Advisers can now produce on-the-fly internal rate of return and daily time weighted return rates of return for their clients.
Mutual funds will now be subject to a new rule that prohibits fraud in hedge funds and other private investment pools.
Two-thirds of defined benefit pension sponsors have either closed their plans to new hires or have frozen such pensions for all participants in the last two years.
Morgan Stanley has bought Daewoo Engineering & Construction Co.'s Seoul headquarters for $1.04 billion, published reports said.
Now that the Senate has disposed of the immigration reform bill, perhaps it and the House of Representatives can turn their attention to a matter at least as serious: reform or repeal of the alternative minimum tax — preferably repeal.
Exchange-traded notes are the newest wrinkle from Barclays, the main sponsor of exchange-traded funds.