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News Stories Archives - Since 1998
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Happy Independence Day Weekend!
MFWire will be closed Monday in observance of the Independence Day market holiday...
MutualFundWire.com -
Friday, July 01, 2022
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Happy Independence Day Weekend!
401kWire will be closed Monday in observance of the Independence Day market holiday...
401kWire.com -
Friday, July 01, 2022
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A Seven-Year Pru Vet Leaves Empower
The retirement exec worked in marketing at the providers...
401kWire.com -
Friday, July 01, 2022
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401ks to the Rescue Mid-Pandemic? Most Workers Turned Elsewhere
New research underscores that, even during extraordinary times, dipping into retirement savings was less common than other financial coping tactics...
401kWire.com -
Friday, July 01, 2022
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A $10.4B-AUM Fund Reopens
New investors will once again be able invest in this short-term bond mutual fund...
MutualFundWire.com -
Friday, July 01, 2022
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MAP Teams Up With a Dozen TPAs
An alliance adds another member, this time in the Midwest...
401kWire.com -
Friday, July 01, 2022
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Reader Rating: 5
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A $198B-AUM AM Adds an Asset Allocation Co-Chief
An 11-year company veteran is on the rise at the 84-year-old fund firm...
MutualFundWire.com -
Thursday, July 01, 2021
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A $17B-AUA RIA Sells
A PE-backed, KPA-focused RIA buys a 16-year-old shop in the Southwest...
401kWire.com -
Thursday, July 01, 2021
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Reader Rating: 5
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An Online Marketplace For KPAs Adds PEPs
The startup rolled its platform out at the beginning of the year...
401kWire.com -
Thursday, July 01, 2021
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16 Years In, a Distro Leader Leaves OneAmerica
The veteran sales exec previously spent more than two decades with Principal...
401kWire.com -
Thursday, July 01, 2021
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Reader Rating: 2
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A $551B-AUM AM's Parent Stands Firm
After a strategic review, asset management is one of three key business lines for this publicly traded firm...
MutualFundWire.com -
Thursday, July 01, 2021
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An 11th TPA Signs On to an Alliance
The firm joins up effective today...
401kWire.com -
Thursday, July 01, 2021
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Reader Rating: 5
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Shaffer Brings an Intel Chief to Voya IM
The new hire will be in charge of distribution enablement and intelligence at the fund firm...
MutualFundWire.com -
Wednesday, July 01, 2020
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Newport Buys in the Midwest
The private equity-backed RKer continues to acquire...
401kWire.com -
Wednesday, July 01, 2020
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Reader Rating: 1
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The Boston Behemoth Offers KPAs and New Plans a Deal
Updated | The Fidelity team launches a "sales and incentive program" in light of the ongoing coronavirus crisis...
401kWire.com -
Wednesday, July 01, 2020
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MassMutual's Hobbs Hires Two and Looks For More
She plans to continue to build out the insurer's DC I-O team in the coming year and a half...
401kWire.com -
Wednesday, July 01, 2020
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Reader Rating: 5
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Empower Brands With Its Home Team
The firm cements an alliance with a nearby professional sports franchise...
401kWire.com -
Wednesday, July 01, 2020
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A Janus Henderson Star Begins His Swan Song
The 26-year company veteran is expected to retire next spring...
MutualFundWire.com -
Wednesday, July 01, 2020
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As Two Leaders Join, a TPA Buyer Keeps Hunting
The chief is also looking to continue to hiring...
401kWire.com -
Wednesday, July 01, 2020
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Broadridge's Latest Retirement Acquisition is Complete
What it means for the acquired.....
401kWire.com -
Monday, July 01, 2019
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Reader Rating: 5
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A 38-Year-Old TPA Rolls Out Its Franchises
A Tennessee shop teams up with an Atlanta TPA veteran for a new growth model for the firm...
401kWire.com -
Monday, July 01, 2019
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Reader Rating: 5
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A Serial VP Lands at Eaton Vance
The Eaton Vance team welcomes a 15-year American Century Investments vet...
MutualFundWire.com -
Monday, July 01, 2019
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Principal Seals the Wells Deal
Thanks to the acquisition, the publicly traded insurer has doubled the size of its U.S. retirement business...
401kWire.com -
Monday, July 01, 2019
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Week In Preview, July 1-7
Happy Independence Day!..
MutualFundWire.com -
Monday, July 01, 2019
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Week In Preview, July 1-7
Happy Independence Day!..
401kWire.com -
Monday, July 01, 2019
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Millennials Are More Knowledgeable Investors Than Baby Boomers
Securian Financial group surveys millennials and baby boomers to assess generational investment behaviors...
401kWire.com -
Friday, July 01, 2016
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OppenheimerFunds Muni Bond Pro Hands Over PM Reins
Daniel Loughran is no longer the PM at the Rochester suite. ..
MutualFundWire.com -
Friday, July 01, 2016
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Reader Rating: 3
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JP Morgan's Retirement Link Sees "Steady Growth"
J.P. Morgan's Retirement Link sees a steady, annual increase in participants and plan assets...
401kWire.com -
Friday, July 01, 2016
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The New Fund Fuss
MFWire brings you the latest fund launches! ..
MutualFundWire.com -
Friday, July 01, 2016
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FLA Plan Sponsor Launches RFI for $445MM in Assets
Rayonier Advanced Materials wants to streamline recordkeeping and custodial services across several 401(k) plans. ..
401kWire.com -
Friday, July 01, 2016
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Reader Rating: 4.5
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Happy Fourth of July!
It's almost time to kick back and celebrate Independence Day!..
401kWire.com -
Friday, July 01, 2016
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Is Mister Market Punishing Invesco Too Much?
A Wells Fargo analyst argues that the post-Brexit beating that the mutual fund shop's stock has taken "is far in excess of the actual impact to IVZ's bottom line."..
MutualFundWire.com -
Friday, July 01, 2016
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Kublin's BPAS Acquires
Barry Kublin, CEO of Syracuse, New York-based third party administrator Benefits Plan Administrative Services (BPAS), has just announced a new acquisition!..
401kWire.com -
Wednesday, July 01, 2015
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ICI/Brightscope: 403(b)s Trends Mirror Those of 401(k)
Birds of a feather flock together. ..
401kWire.com -
Wednesday, July 01, 2015
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Principal Settles Lawsuit for Excessive 401k Fees
Principal Financial Group has reached a settlement with its class action plaintiffs...
401kWire.com -
Wednesday, July 01, 2015
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Will the SEC Allow These MFs to Lend Money to Their Fellows?
BlackRock and Lord Abbett have both asked for regulatory permission for interfund lending...
MutualFundWire.com -
Wednesday, July 01, 2015
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For $85MM, Janus Buys a Shop Co-Founded By a Pimco Vet
Dick Weil and Bill Gross are bringing a former colleague and his $6.6B team on board...
MutualFundWire.com -
Wednesday, July 01, 2015
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A KPA Shop Switches Their Allegiance To CommonWealth
A 401(k) plan advisor (KPA) shop that aligned with LPL for approximately 12 years has decided to take on a new venture -- switching to a smaller broker-dealer that was more suitable for the firm...
401kWire.com -
Wednesday, July 01, 2015
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You'll Never Guess What Gross' 401k Substitute Is
The Janus fixed income guru slaps the "shadow banking" label on mutual funds and ETFs, and jokingly suggests a strange kind of retirement plan...
MutualFundWire.com -
Wednesday, July 01, 2015
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As Transamerica Reorgs, Nybo Shifts Focus
Nybo is the new head of U.S. retirement strategy in Transamerica's Investments & Retirement unit...
401kWire.com -
Tuesday, July 01, 2014
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Reader Rating: 3.67
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11-k Update for the Week of July 1, 2014
The third installment of 401kWire's distillation of disclosures and amendments to the plans that committee members have made since December 31, 2012...
401kWire.com -
Tuesday, July 01, 2014
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A Big Beantown Fund Firm Debuts R6 Shares
The DC I-O shop introduced R6 shares for four actively managed mutual funds. ..
401kWire.com -
Tuesday, July 01, 2014
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Pru Integrates a $65MM DC Plan
An Emerald City network services provider selects Prudential as its recordkeeper...
401kWire.com -
Tuesday, July 01, 2014
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Pru Wins a Health System's $91MM DC Plan
USMD Holdings, Inc. opts for Prudential's recordkeeping services...
401kWire.com -
Tuesday, July 01, 2014
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Reader Rating: 3.5
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Fido Pushes TDF Fees Below Vanguard
Morningstar's annual report on TDFs shows that the Boston Behemoth's Freedom Funds pushed lower than Vanguard's now-second-place Target Retirement Funds in terms of average cost...
401kWire.com -
Tuesday, July 01, 2014
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Reader Rating: 5
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A UBS Alum Accelerates T Rowe's B-D Efforts
Recent hire had worked 14-years at UBS in a variety of wholesaling and business development leadership roles...
MutualFundWire.com -
Tuesday, July 01, 2014
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Reader Rating: 5
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Frost Bucks for Platform Attention
The San Antonio-based mutual fund shop is launching new funds and hoping to get more of them on the major wirehouse and custodial platforms...
MutualFundWire.com -
Tuesday, July 01, 2014
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Iwry Slashes 401k Red Tape for Longevity Annuities
The U.S. Treasury Department issues new tax rules to make deferred-income annuities more accessible in DC plans and IRAs...
401kWire.com -
Tuesday, July 01, 2014
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Reader Rating: 5
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Shuman Grows MassMutual's Not-For-Profit Group With a New Chief
The mutually owned insurer hired a new national practice leader for its not-for-profit retirement plan business. ..
401kWire.com -
Tuesday, July 01, 2014
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Reader Rating: 4.5
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Edelman Explains Einstein's Eighth Wonder
In his book, Ric Edelman discusses the essentials of compound interest. ..
401kWire.com -
Tuesday, July 01, 2014
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Can the Old Mutual IPO Garner $100MM?
Some interesting things to note about OMAM and the proposed IPO...
MutualFundWire.com -
Tuesday, July 01, 2014
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Wagner Hires as Obamacare Looms
The ERISA legal eagle expands her team with a new department head...
401kWire.com -
Monday, July 01, 2013
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ETF Splits: The Retail Investors Suffer The Most
ETF splits are good for traders but not for retail investors, who have to deal with unplanned tax events even if they have an unexpected gain...
MutualFundWire.com -
Monday, July 01, 2013
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BlackRock Says ETFs Are the True Market
FT Alphaville picks on BlackRock's open letter to investors that ETFs are the "true market."..
MutualFundWire.com -
Monday, July 01, 2013
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Bond Fund Investors Go to Money Funds
The WSJ's Chuck Jaffe writes about how bond fund investors are flocking to relatively safe but low return investments.
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MutualFundWire.com -
Monday, July 01, 2013
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Rekenthaler: Contrarians Seek "Blood in the Streets"
John Rekenthaler touts the benefits of being an investor who doesn't follow the crowd. ..
MutualFundWire.com -
Monday, July 01, 2013
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New York Fed President Tries to Calm Markets
New York Fed President William Dudley said a rise in short-term interest rates will be a "long way off."..
MutualFundWire.com -
Monday, July 01, 2013
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Loomis, Sayles Amend Advisory Fee
Effective July 1, 2013, Loomis, Sayles & Company [profile] has added two breakpoints in the Loomis Sayles Global Bond Fund’s advisory fee at 0.45% for average daily net assets between $5 billion and $10 billion and at 0.40% for average daily net assets greater than $10 billion. The Loomis Sayles Core Plus Bond Fund, Loomis Sayles Limited Term Government and Agency Fund, and the Loomis Sayles Investment Grade Bond Fund have added a breakpoint to the advisory fee. [SEC Filing:I] [SEC Filing:II]...
MutualFundWire.com -
Monday, July 01, 2013
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Washington Examines Auto-Rollovers
The Feds are visiting providers to find out more about automatic IRA rollovers...
401kWire.com -
Monday, July 01, 2013
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Reader Rating: 5
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EGShares Implements New Advisory Fee Structure
Effective July 1, 2013, EGShares Emerging Markets Consumer ETF has implemented breakpoints in the investment advisory fee paid by the fund at specified asset levels. [SEC Filing].
Capsule CRM
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MutualFundWire.com -
Monday, July 01, 2013
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Loomis, Sayles New Limit on Operating Expenses
Effective July 1, 2013,Loomis, Sayles & Company [profile] has given a binding contractual undertaking to the Loomis Sayles Core Plus Bond Fund to limit the amount of the fund’s total annual fund operating expenses to 0.80%, 1.55%, 1.55% , 0.50% and 0.55% of the fund’s average daily net assets for Class A, B, C, N and Y shares, respectively. This undertaking is in effect through January 31, 2015. [SEC Filing]...
MutualFundWire.com -
Monday, July 01, 2013
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Century Capital No Longer Sub-Advisor for a Fund
Century Capital Management [profile] no longer serves as a sub-advisor for the SEI Institutional Small/Mid Cap Equity Fund. [SEC Filing]...
MutualFundWire.com -
Monday, July 01, 2013
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A PM Leaves a BlackRock Fund
Chris Leavy no longer serves as PM for the BlackRock [profile] Diversified Portfolio, BlackRock Large Cap Value Portfolio and the BlackRock Large Cap Core Portfolio. [SEC Filing].
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MutualFundWire.com -
Monday, July 01, 2013
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PIMCO Updates Maximum Initial Sales Charge
Effective October 1, 2013, the maximum initial sales charge for Class A Shares of PIMCO's [profile] California Intermediate Municipal Bond, California Municipal Bond, High Yield Municipal Bond, Municipal Bond, National Intermediate Municipal Bond, New York Municipal Bond and the Senior Floating Rate Funds is 2.25%.[SEC Filing]...
MutualFundWire.com -
Monday, July 01, 2013
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Two Managers Funds Update Fees and Expenses
The Managers Fund's [profile] AMG FQ Global Essentials Fund and the Managers Global Income Opportunity Fund have amended their fees and expenses. [SEC Filing:I] [SEC Filing:II]...
MutualFundWire.com -
Monday, July 01, 2013
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John Hancock Reduces Management Fee
Effective July 1, 2013, the management fee rate for the John Hancock [profile] Sovereign Investors Fund has been reduced.[SEC Filing].
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MutualFundWire.com -
Monday, July 01, 2013
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American Funds Has a New Policy
The American Funds Mortgage Fund may now enter into interest rate swaps in order to manage the interest rate sensitivity of the fund by increasing or decreasing the duration of the fund or a portion of the fund’s portfolio. [SEC Filing].
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MutualFundWire.com -
Monday, July 01, 2013
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Urdang Rebrands with a New Name
Effective July 1, 2013, Urdang Securities Management, the Dreyfus [profile] Global Real Estate Securities Fund's sub-investment advisor, changed its name to "CenterSquare Investment Management, Inc." [SEC Filing].
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MutualFundWire.com -
Monday, July 01, 2013
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New PMs at a Mairs and Power Fund
As part of a succession plan established by Mairs and Power [profile], the investment advisor to the Mairs & Power Growth Fund and the Mairs & Power Balanced Fund, Mark L. Henneman has been named lead PM of the Growth Fund and Ronald L. Kaliebe has been named lead PM of the Balanced Fund, effective July 1, 2013. William B. Frels, the lead portfolio manager of each Fund, will remain co-manager of the Funds. [SEC Filing].
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MutualFundWire.com -
Monday, July 01, 2013
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A Scharf Fund Updates Redemption Fees
The Scharf Balanced Opportunity Fund has amended its "tools to combat frequent transactions- redemption fees" information. [SEC Filing]...
MutualFundWire.com -
Monday, July 01, 2013
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JP Morgan Welcomes New PM
Shane Duffy has joined the JP Morgan [profile] International Equity Fund as a PM. [SEC Filing]...
MutualFundWire.com -
Monday, July 01, 2013
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State Farm Loses PM for a Fund
Rasool Shaik no longer serves as a PM for the State Farm Mutual [profile] Fund Trust. [SEC Filing]...
MutualFundWire.com -
Monday, July 01, 2013
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Huntington National Bank Now a Custodian for Fund
Effective immediately, Huntington [profile] National Bank serves as the custodian of the Changing Parameters Fund’s assets pursuant to a custody agreement by and Huntington National Bank and the Trust on behalf of the fund. [SEC Filing]...
MutualFundWire.com -
Monday, July 01, 2013
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An Invesco Fund Rebrands
Effective July 31, 2013, the Invesco [profile] Global Quantitative Core Fund will change its name to Invesco Global Low Volatility Equity Yield Fund. [SEC Filing]...
MutualFundWire.com -
Monday, July 01, 2013
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Franklin Fund Changes Principal Investment Strategies
The Franklin [profile] Floating Rate Daily Access Fund has amended its principal investment strategies. The fund may enter into credit default swaps. [SEC Filing].
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MutualFundWire.com -
Monday, July 01, 2013
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Shareholders of ING Fund Approve New Fee Structure
On June 12, 2013, the ING [profile] Global Target Payment Fund’s shareholders approved the amended fee structure which became effective on June 12, 2013. Under the amended fee structure, the fund will pay an advisory fee equal to 0.08% of the fund’s average daily net assets invested in underlying funds in the ING Fund Complex, and 0.30% of the fund’s average daily net assets invested in direct investments, which include, but are not limited to a security issued by an investment company that is not a part of the ING Fund Complex, including exchange-traded funds, a security issued by a non-mutual fund issuer, such as an operating company, and derivative instruments other than call options written by the fund’s sub-advisor. [SEC Filing].
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MutualFundWire.com -
Monday, July 01, 2013
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$1.3B Purchase of New Nuveen Sibling is Complete
Acquisition of wealth management shop by Chicago PE firm is finished...
MutualFundWire.com -
Monday, July 01, 2013
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OpFunds Launches a New Fund
OppenheimerFunds is beefing up its Main Street Fund line. ..
MutualFundWire.com -
Monday, July 01, 2013
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A PM Leaves UBS Fund
Effective June 30, 2013, Vincent Willyard will no longer serve as a PM for the UBS [profile] International Equity Fund. The remaining PMs of the fund, Nicholas Irish and Stephan Maikkula, will assume Willyard’s PM responsibilities for the fund. [SEC Filing]...
MutualFundWire.com -
Monday, July 01, 2013
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Janus's Funds Change the Minimum Investment Amount
Effective July 1, 2013, the minimum subsequent investment amount for purchases made through an automatic investment program for Janus's [profile] INTECH Global Dividend Fund, Janus Growth and Income Fund, INTECH U.S. Core Fund, Janus High-Yield Fund, Janus Asia Equity Fund, Janus International Equity Fund, Janus Balanced Fund, Janus Money Market Fund, Janus Contrarian Fund, Janus Overseas Fund, Janus Diversified Alternatives Fund, Janus Protected Series – Global, Janus Emerging Markets Fund, Janus Protected Series – Growth, Janus Enterprise Fund, Janus Real Return Fund, Janus Flexible Bond Fund, Janus Research Fund, Janus Fund, Janus Short-Term Bond Fund, Janus Global Allocation Fund – Conservative, Janus Triton Fund, Janus Global Allocation Fund – Growth, Janus Twenty Fund, Janus Global Allocation Fund – Moderate, Janus Venture Fund, Janus Global Bond Fund, Perkins Global Value Fund, Janus Global Life Sciences Fund, Perkins International Value Fund, Janus Global Real Estate Fund, Perkins Large Cap Value Fund, Janus Global Research Fund, Perkins Mid Cap Value Fund, Janus Global Select Fund, Perkins Select Value Fund, Janus Global Technology Fund, Perkins Small Cap Value Fund, Janus Government Money Market Fund, and the Perkins Value Plus Income Fund is $50.00. [SEC Filing]...
MutualFundWire.com -
Monday, July 01, 2013
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Franklin Offers FAs Retirement Planning Service Tips
The California-based mutual fund giant releases the results of its 2013 RISE survey...
MutualFundWire.com -
Monday, July 01, 2013
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AST Replaces Sub-Advisor
The board of trustees of AST approved replacing Marsico Capital Management [profile], as sole sub-advisor to the large-cap growth segment of the AST Advanced Strategies Portfolio with Brown Advisory and Loomis, Sayles & Company [profile]. This change is effective on June 17, 2013. [SEC Filing:I] [SEC Filing:II]...
MutualFundWire.com -
Monday, July 01, 2013
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TCW Launches Latest Emerging Markets Fund
TCW has launched a new product, the TCW Emerging Markets Multi-Asset Opportunities Fund, which will invest in all emerging markets investment opportunities. ..
MutualFundWire.com -
Monday, July 01, 2013
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Morningstar Creates A New Position and Fills Two More
Morningstar made three new hires: David Falkof, Bryan Platz, and Nathan Voris in its retirement solutions group in its investment management division. ..
401kWire.com -
Monday, July 01, 2013
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Reader Rating: 5
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Mellon's Transition Prez Joins an Alt Shop
Exec will serve as chief administrative officer...
MutualFundWire.com -
Monday, July 01, 2013
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DoubleLine Floats Out a New Fund
The DoubleLine Floating Rate Fund is now open to investors ..
MutualFundWire.com -
Monday, July 01, 2013
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Gallagher Hires ING and Lincoln Alums
Mike DiCenso fills new posts in the insurance brokerage's retirement unit...
401kWire.com -
Monday, July 01, 2013
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Reader Rating: 4.24
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Philadelphia Has Talent, McNabb Says
Vanguard's CEO William McNabb is concentrating Vanguard's hiring in Philadelphia...
MutualFundWire.com -
Monday, July 01, 2013
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Mobius Isn't Retiring
Franklin's star emerging markets manager, who is 76, ain't going nowhere...
MutualFundWire.com -
Monday, July 01, 2013
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Fido is Moving Jobs to the Lone Star State
About a 100 employees a month have been moved there, according to Star Telegram...
MutualFundWire.com -
Monday, July 01, 2013
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Reader Rating: 5
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Credit Suisse Exec Explains Why Hedge Funds Own ETFs
Barrons' Brendan Conway writes a takeaway from a keynote speech at the Journal of Indexes board meeting.
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MutualFundWire.com -
Monday, July 01, 2013
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Will $13B in ETF Outflows Help Mutual Funds?
Index Universe writes an account of ETF outflows in the wake of the recent Fed announcement...
MutualFundWire.com -
Monday, July 01, 2013
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Barron's Applauds Vanguard's $650B Index Switch
Fund giant completes move from MSCI to two competing benchmarks. Barron's gives the switch kudos. ..
MutualFundWire.com -
Monday, July 01, 2013
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BlackRock: Gold Miners To Go Bankrupt
Funds investing in gold should be prepared to see some gold miners go bankrupt as a result of the gold slump. ..
MutualFundWire.com -
Monday, July 01, 2013
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More Apologies From Bond Fund Managers
In addition to Bill Gross, Jeffrey Gundlach made a few statements about the bond market panic...
MutualFundWire.com -
Monday, July 01, 2013
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Bloomberg: Are ETF Investors "Seduced" By Shifty PMs?
Retail investors may be led to believe that ETF share prices and NAVs will rarely diverge, Bloomberg writes in a long, thoughtful think piece...
MutualFundWire.com -
Monday, July 01, 2013
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Pioneer's Outsourcing Deal Will Move Some Employees to its Vendor
The transition started last month and is expected to be completed in the first quarter of next year...
MutualFundWire.com -
Friday, July 01, 2011
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MainStay to Liquidate a 130/30 Fund
The liquidation will take place this fall...
MutualFundWire.com -
Friday, July 01, 2011
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New Hires Boost fi360's Team to 29
The Keystone State fiduciary training and tools experts add five new hires...
401kWire.com -
Friday, July 01, 2011
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GAO Ponders 401k Safe Harbor For Annuities
At the request of a Senator, a government agency issues a report on retirement income...
401kWire.com -
Friday, July 01, 2011
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Diversified Taps a Marketing Pro from Pru
The Pru alum takes on a newly created post at the Harrison, New York-based plan provider...
401kWire.com -
Friday, July 01, 2011
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A Pentegra Sub Expands its Advisor Service Team
Alliance Benefit Group, Carolinas hires an internal wholesaler...
401kWire.com -
Friday, July 01, 2011
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Larry Fink is Being Buzzed About as a Potential Successor to Geithner
According to the chatter on Wall Street, the BlackRock CEO could be among the potential candidates to succeed Tim Geithner at the helm of the Treasury...
MutualFundWire.com -
Friday, July 01, 2011
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SEC Sides with American Funds Against Finra
Six years after the case began, the mutual fund giant defeats directed brokerage commission charges...
MutualFundWire.com -
Friday, July 01, 2011
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A Fidelity K-Client Jumps with the Help of Two Top Reps
A law firm moves its 401k plan and goes non-direct for the first time. Two advisors from UBS helped with the move...
401kWire.com -
Thursday, July 01, 2010
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Reader Rating: 4.98
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AAM Equity PM Pleads Guilty in Fraud Case
The portfolio manager of a defunct mutual funds admits to taking cash from a 401k plan client of his advisory business...
MutualFundWire.com -
Thursday, July 01, 2010
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French Authorities Spare TCW's Founder
A regulatory agency clears the former Societe Generale board member in an insider trading case...
MutualFundWire.com -
Thursday, July 01, 2010
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Fidelity Loses 400 DC Plans
The Boston Behemoth suffers apparent client defections over nine months...
401kWire.com -
Thursday, July 01, 2010
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Reader Rating: 3.5
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Rydex Can't Change Class-Action Venues
The leveraged index fund specialist will have to fight it out in California...
MutualFundWire.com -
Thursday, July 01, 2010
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A Fallen Advisor Confesses to Siphoning $600K in 401k Cash
Half a year after being smote by the SEC, an ex-RIA pleads guilty to misappropriating funds...
401kWire.com -
Thursday, July 01, 2010
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Reader Rating: 2
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Fidelity's Debt Sale Raises More Cash Than Planned
The debt sale is FMR's first in eight months and brings in some $150 million more than initially sought...
MutualFundWire.com -
Thursday, July 01, 2010
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Axa Rosenberg Sees Changes in its Top Ranks
One of Vanguard's sub-advisors is seeing changes in its top ranks...
MutualFundWire.com -
Thursday, July 01, 2010
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AMG Buys P.E. Fund From Russell
The asset manager roll-up and sponsor of the Managers Funds (among others), has finished its deal to purchase a hedge fund manager...
MutualFundWire.com -
Thursday, July 01, 2010
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U.S. One Plans More ETFs After Initial Launch
Now that its One Fund is up and trading, U.S. One plans more offerings that invest in other ETFs. ..
MutualFundWire.com -
Thursday, July 01, 2010
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Reader Rating: 4
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BlackRock Hopes to Strike Gold Again, Twice
The giant asset manager unveils a new offering and revamps an old one...
MutualFundWire.com -
Thursday, July 01, 2010
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Bloomberg Spotlights BlackRock's Voice in Washington
Bloomberg writes a feature on Barbara Novick, who leads lobbying efforts for the world's biggest asset manager...
MutualFundWire.com -
Thursday, July 01, 2010
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McNabb Worries That We Lost 'a Generation of Young Investors'
The Vanguard chief wonders what the flash crash will do for future potential savers...
MutualFundWire.com -
Thursday, July 01, 2010
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BlackRock is Exxon's, IBM's and JPMorgan's Biggest Shareholder
The WSJ ponders new proxy-access rules...
MutualFundWire.com -
Thursday, July 01, 2010
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PowerShares Reboots Five Funds
The Invesco unit rebrands some ETFs and swaps their indexes...
MutualFundWire.com -
Thursday, July 01, 2010
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CUNA Mutual Group Shields its Retirement Unit from Cuts
Layoffs at the Madison, Wisconsin-based firm do not affect its retirement unit...
401kWire.com -
Wednesday, July 01, 2009
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Guillocheau Makes an IRA Play
Ascensus acquires again, this time from an acquirer...
401kWire.com -
Wednesday, July 01, 2009
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Reader Rating: 4
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Lord Abbett Changes Four Funds' Names
A quartet of funds receive new monikers and one cuts its fees...
MutualFundWire.com -
Wednesday, July 01, 2009
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Gross Urges Investors To Trim The Fat
Pimco rolls out a new bond fund as the star manager talks dieting...
MutualFundWire.com -
Wednesday, July 01, 2009
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Principal Estimates Retirement Rebuilding Time
Updated | In the wake of the 2008 market collapse, the Iowa-based provider shows participants how long it would take to turn back the time on their retirement savings...
401kWire.com -
Wednesday, July 01, 2009
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Reader Rating: 2
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Three Russell-ites Call For DC 'Reinvention'
Matt Smith writes a retirement-focused book with two of his former colleagues...
401kWire.com -
Wednesday, July 01, 2009
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Reader Rating: 2
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Matthews Taps a New CEO
The San Francisco-based firm makes changes at the top...
MutualFundWire.com -
Wednesday, July 01, 2009
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A Provider Completes Its Taft-Hartley DB-DC Bundle
The first conversion to the new offering is underway...
401kWire.com -
Wednesday, July 01, 2009
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Reader Rating: 2
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Will BofA Get Its Price?
A report from London states that the bidding for Columbia is "tepid" now that BlackRock's Larry Fink is out of the negotiations...
MutualFundWire.com -
Wednesday, July 01, 2009
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Haldeman is Reportedly Heading to Freddie
Putnam's ex-CEO, who stepped down from his three remaining posts at the Boston firm on Tuesday, is reportedly the prime candidate for the top spot at Freddie Mac...
MutualFundWire.com -
Wednesday, July 01, 2009
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Legg is Still Cautious at Mid-Year, But Sees Some Bright Spots
Managers in the Legg Mason family discuss investment opportunities at a press briefing in midtown Manhattan on Tuesday...
MutualFundWire.com -
Wednesday, July 01, 2009
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Q2 Brought Seven New Member Firms to NRP
Chetney and his team now count 120 offices under their umbrella, aiming for 30 more by the end of the year...
401kWire.com -
Tuesday, July 01, 2008
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Principal Shepherds Sponsors Through the 403b Terrain
The Des Moines, Iowa-based provider has released the first of a four-part compliance guide...
401kWire.com -
Tuesday, July 01, 2008
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Hewitt Writes Back ... to Senator Kohl
As a hearing on DC distributions looms, a provider responds to a letter and at least one more provider prepares its own words...
401kWire.com -
Tuesday, July 01, 2008
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Frost Finds Funds
Frost Investment Advisors is making ten of its co-mingled fund strategies available in mutual fund form...
MutualFundWire.com -
Tuesday, July 01, 2008
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Reader Rating: 5
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FundQuest Makes a Hire
FundQuest has hired a new analyst...
MutualFundWire.com -
Tuesday, July 01, 2008
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Hewitt Explores Gap Between Workers' Savings and their Retirement Needs
In its study of nearly 2 million workers, Hewitt says only 19 percent will have enough to meet 100 percent of their retirement needs...
401kWire.com -
Tuesday, July 01, 2008
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Reader Rating: 5
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Aberdeen Officially Enters U.S. Fund Business
Aberdeen has put the finishing touches on its acquisition of Nationwide Funds...
MutualFundWire.com -
Tuesday, July 01, 2008
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A DC Software Specialist Makes Widgets For You
UPDATED | A California-based firm launches five new online products to support retirement industry specialists and vendors.
..
401kWire.com -
Tuesday, July 01, 2008
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Top CitiStreeters Are MovING
Two months after the mega deal first came to light, ING completes the transaction as CitiStreet honchos step into new roles...
401kWire.com -
Tuesday, July 01, 2008
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Reader Rating: 4.5
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Fido Boots Up With Two New Hires
Fidelity continued on its hiring spree today, tapping tech talent from Morgan Stanley and Merrill Lynch...
MutualFundWire.com -
Tuesday, July 01, 2008
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Merk Gets a Window into the Mind of the Fed
Palo Alto-based Merk Investments has made a hire that is famous in more ways than one.
..
MutualFundWire.com -
Tuesday, July 01, 2008
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$1.3 Million Deal Brings TPA Into a National Fold
A Midwest-based firm makes yet another buy, expanding into a 13th state...
401kWire.com -
Tuesday, July 01, 2008
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Reader Rating: 2
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First American Takes its Global Infrastructure Fund to the Masses
First American Funds has decided to allow retail investors to invest in its Global Infrastructure Fund...
MutualFundWire.com -
Tuesday, July 01, 2008
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Subprime Fallout Lawsuit Hits Yet Another Ultra-Short Bond Fund
State Street is the latest firm to be swept up by the decline in a now-defunct so-called yield-plus fund...
MutualFundWire.com -
Tuesday, July 01, 2008
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Legg Mason to Pay Another $240 Million to Bolster its Money Funds
The Baltimore fund firm has not yet finished the process of shoring up its money-market funds...
MutualFundWire.com -
Tuesday, July 01, 2008
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Q2 Review: Commodity Funds Were Winners
Tuesday's WSJ Fund Track lauds those in the fund industry for making it through a rough second quarter...
MutualFundWire.com -
Tuesday, July 01, 2008
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Mutual Fund to Hedge Fund Pipeline Sees a Reversal
William Blair has re-hired a fund manager that left for a hedge fund...
MutualFundWire.com -
Tuesday, July 01, 2008
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Principal Tries Down Home Marketing
Baseball and 401ks make a fun combination...
401kWire.com -
Friday, July 01, 2005
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Reader Rating: 2
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Thrivent Makes Asset-Allocation Move
The new funds are designed for pre-retirees...
401kWire.com -
Friday, July 01, 2005
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Reader Rating: 2
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Thrivent Launches Asset-Allocation Funds
Thrivent Investment Management is thriving. The subsidiary of Thrivant Financial for Lutherans has launched a four-fund asset-allocation series as well hired three subadvisors for three new sector funds...
MutualFundWire.com -
Friday, July 01, 2005
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SEC Bars Fiserv Timer
A former New York-based trader gets off easy...
MutualFundWire.com -
Friday, July 01, 2005
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Reader Rating: 3
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Is the GOP Back on Top at the SEC?
Commissioner Cynthia Glassman takes the reigns at the SEC, but temporarily...
MutualFundWire.com -
Friday, July 01, 2005
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Are Sponsors Getting All They Can Get?
A Big Four parnter says there is money sitting on the table at large plans that they can use to buy additional services...
401kWire.com -
Thursday, July 01, 2004
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Judge Approves IDC-Heartland Settlement
The bond pricer will pay $1 million to end litigation brought over the collapse the Heartland bond fund NAVs...
MutualFundWire.com -
Thursday, July 01, 2004
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SEC Turns Critical Eye Inward
The SEC hires a director for an initiative to improve the operations of the agency...
MutualFundWire.com -
Thursday, July 01, 2004
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OppFunds Pushing TPA-Based Program
OppenheimerFunds recently invited one hundred or so TPAs to Colorado to hear about its new platform...
401kWire.com -
Thursday, July 01, 2004
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Federated Makes Fund Transfer Agency Switch
Boston Financial begins providing fund transfer agency services...
MutualFundWire.com -
Thursday, July 01, 2004
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Janus Names Worldwide Fund Manager
A $9 billion fund gets a new manager...
MutualFundWire.com -
Thursday, July 01, 2004
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Reader Rating: 2.33
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Bold Colors, More Depth in New Newkirk Statements
The Albany-based creator of education and enrollment materials is offering providers fresh looking participant statements...
401kWire.com -
Thursday, July 01, 2004
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Reader Rating: 5
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Milwaukee Firm Reorgs Fund
A $6.3 million mid-cap fund gets a new name and a new advisor...
MutualFundWire.com -
Thursday, July 01, 2004
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State Street Head Honcho Retires
The Boston-based company quickly names a successor...
MutualFundWire.com -
Thursday, July 01, 2004
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Firm Adds Redemption Fee to Battle Timers
Arbitrageurs will find two Harbor Funds less attractive come August...
MutualFundWire.com -
Tuesday, July 01, 2003
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Reader Rating: 3
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ABN AMRO Opens High-Yield Fund
The new fund will leverage existing skills at the firm...
MutualFundWire.com -
Tuesday, July 01, 2003
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SunGard Forms Managed Account Alliance
The systems software specialist will link to an investment manager to offer the latest hot service to participants...
401kWire.com -
Tuesday, July 01, 2003
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Reader Rating: 3
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Integrity Picks Up Bond Funds ...
The North Dakota fund firm keeps busy. Will take over $50 million in bond fund assets...
MutualFundWire.com -
Tuesday, July 01, 2003
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... After it Makes Another Equity Fund Pickup
The North Dakota fund firm has made another deal to bolster its equity fund lineup...
MutualFundWire.com -
Tuesday, July 01, 2003
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Reader Rating: 4
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TPA Taps Financial Services Director
John Sullivan has joined a Philly-area benefits consultant...
401kWire.com -
Tuesday, July 01, 2003
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Wachovia Completes WyStar Purchase
April showers brought July flowers for Wachovia. The deal officially closed today...
401kWire.com -
Tuesday, July 01, 2003
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Reader Rating: 3
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Exec Returns to Citistreet
After a very, very short stay, a new Bisys hire returns to Citistreet...
401kWire.com -
Tuesday, July 01, 2003
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Reader Rating: 2
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Open Wide!
A Michigan sponsor is in the process of soliciting bids...
401kWire.com -
Monday, July 01, 2002
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Hoosier Chemical Co Taps NYLIM
The insurer is taking over from a Midwest rival which lost the mandate...
401kWire.com -
Monday, July 01, 2002
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Carret Makes Buy
The money manager adds another $335 million in client assets...
401kWire.com -
Monday, July 01, 2002
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Conservative Offering from ING
The firm launches a new product that should appeal to the more cautious side...
MutualFundWire.com -
Monday, July 01, 2002
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Non-Profit Readying Ed Service
The participant education arena is getting a new entrant. This time information, not profits, is the goal...
401kWire.com -
Monday, July 01, 2002
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BB&T Completes Deal
The bank has finished its acquisition with a Southeastern TPA...
401kWire.com -
Monday, July 01, 2002
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WorldCom Suit No 3
A third class action lawsuit is brought against Worldcom...
401kWire.com -
Monday, July 01, 2002
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On Board at Reserve
There is a new face in sales and marketing at the New York firm...
MutualFundWire.com -
Monday, July 01, 2002
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Reader Rating: 4
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Rockhaven Gets Stronger
The asset manager is purchased by a larger firm...
MutualFundWire.com -
Monday, July 01, 2002
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Nationwide Completes Sale
The firm has completed its restructuring with regards to Gartmore...
MutualFundWire.com -
Monday, July 01, 2002
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Aiming for More Disclosure
A fund family provides more information on its personnel...
MutualFundWire.com -
Monday, July 01, 2002
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It Is Easy Being Evergreen
The firm simplifies its website...
MutualFundWire.com -
Monday, July 01, 2002
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Invesco Lay-Offs
There are fewer faces in the mutual fund unit at the firm...
MutualFundWire.com -
Monday, July 01, 2002
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Oppenheimer Enterprise Closed Again
The Oppenheimer Enterprise Fund, closed once before for a year, is closed again to new investments, starting today...
MutualFundWire.com -
Thursday, July 01, 1999
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Reader Rating: 3
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SVA July 1, 1999
GIC quotes rose an average of 5 basis points this week, well short of the 11 basis point rise in Treasuries.
Weekly Bullet GIC/BIC Statistics from FCM
Rates as of June 24, 1999*
| Compound
Rates |
3 Year |
5 Year |
7 Year |
10 Year |
| High |
6.92 |
7.01 |
7.16 |
7.29 |
| Average |
6.52 |
6.77 |
6.93 |
7.10 |
| Low |
6.22 |
6.47 |
6.64 |
6.93 |
| Treasuries |
5.78 |
5.91 |
5.95 |
6.02 |
| Spread |
1.14 |
1.10 |
1.21 |
1.27 |
| Issuers |
22 |
22 |
19 |
9 |
| Simple Rates |
3 Year |
5 Year |
7 Year |
10 Year |
| High |
6.92 |
7.01 |
7.05 |
7.27 |
| Average |
6.43 |
6.66 |
6.82 |
6.96 |
| Low |
5.89 |
6.17 |
6.27 |
6.38 |
| Treasuries |
5.78 |
5.91 |
5.95 |
6.02 |
| Spread |
1.14 |
1.10 |
1.10 |
1.25 |
| Issuers |
27 |
27 |
20 |
11 |
|
|
|
|
|
*All rates are for non-benefit responsive, investment-only contracts with a value of $5 million. Rates are net of all expenses, with no commissions payable. Treasury quotes are for close of business Wednesday.
Source: Fiduciary Capital Management..
401kWire.com -
Thursday, July 01, 1999
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Reader Rating: 3
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Former Exec Sues Fido
Robert G. Flater, formerly a president at FIRSCo (for the international defined contribution arm of the business), is suing his old employer, Paul T. Prew, one of the litigant's attorneys, told the 401kWire.com. While at the firm, he reported to FIRSCo head Bob Reynolds.
..
401kWire.com -
Thursday, July 01, 1999
-
Reader Rating: 3
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Former Exec Sues Fido
A defined contribution official who was terminated by the Boston firm is now suing his old employer for wrongful termination...
MutualFundWire.com -
Thursday, July 01, 1999
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Reader Rating: 3
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Fido Appoints CIO for Europe
Fidelity Investments has appointed a new chief investment officer for the UK and Europe...
MutualFundWire.com -
Thursday, July 01, 1999
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Reader Rating: 3
|
TAG On: Incompetent Spouses
The Technical Answer Group, Inc. ("TAG") is a weekly guest on the 401(k)Wire site. TAG provides technical answers and supporting research for professional firms and individuals that administer, sell or sponsor qualified employee benefit plans. The following question was asked by a TAG Subscriber and includes the TAG answer:..
401kWire.com -
Thursday, July 01, 1999
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Reader Rating: 3
|
Odd Lots, July 1, 1999
Seligman uses unique fund structure...
MutualFundWire.com -
Thursday, July 01, 1999
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Reader Rating: 3
|
DoL Releases Brochure Explaining 401(k) Fees
The Department of Labor has released its brochure explaining 401(k) plan fees for plan participants. The complete text of the brochure can be found on the Pension & Welfare Benefits Administration homepage...
401kWire.com -
Wednesday, July 01, 1998
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Reader Rating: 3
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Strong Makes Fund Moves in Wake of Manager's Departure
Strong Funds announced a number of moves to change its mutual fund lineup. The most eye-opening is its decision to merge the Small Cap Fund (SCAPX) which had been managed by Mary Lisanti into the Strong Growth Fund (SGROX). At the same time it announced the merge, Strong also revealed that it is broadening its offering’s range by adding three new funds including two international funds and a domestic mid-cap fund...
401kWire.com -
Wednesday, July 01, 1998
-
Reader Rating: 3
|
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