Practice

Although defined contribution fund managers pay lip service to global investment opportunities, many DC plans actually have a “home bias” in their investments and are severely underweighted in their overseas exposure, according to a paper released by OppenheimerFunds, Inc.

The Vanguard Group, Inc. has doubled its sales force, to 220 staffers, serving financial advisors in an initiative to promote its exchange traded-fund products.

Although many defined contribution fund managers pay lip service to global investment opportunities, many DC plans actually have a “home bias” in their investments and are severely underweighted in their overseas exposure, according to a paper released by OppenheimerFunds, Inc.

Legacy expert attorneys Andy and Danielle Mayoras say the pop star's been very busy lately but it remains unclear what – if any – decisions she’s making herself and illustrates the importance of informed legal and estate planning regardless of your station in life.

Ahead of yesterday’s Women Advisors Forum in Boca Raton, Fla., we caught up with Eleanor Blayney, president of Directions for Women, on why attracting female clients is crucial.

Legg Mason, Inc. today reported preliminary assets under management of $638 billion as of February 29, 2012, an increase of up 1% and some $7 billion over January’s AUM. The firm managed $677 billion last March.

Focusing only on group long-term care, carrier cites economic influences as basis for decision.

Palm Beach Gardens, Fl.-based Lighthouse Partners, a fund-of-hedge-funds and managed account investment adviser, has taken a minority stake in 361 Capital, a Denver-based provider of alternative investment mutual funds, separate accounts, and limited partnerships to institutions, financial intermediaries, and high-net-worth investors.

Even the best-laid retirement plan can come unraveled if clients and their advisors aren’t proactive about setting reasonable spending limits and sticking to them. Here’s an interactive slide show detailing nine ways advisors can keep their clients from overspending throughout their retirements.

Investors are much savvier about retirement planning than commonly thought, at least when it comes to target-date funds, according to a research note from investment management company Vanguard.