Portfolio

Millionaires retained their neutral stance.

Analysts say BlackRock is positioned to pick up share because of the problems facing its rivals.

The American Institute of CPAs is offering a CPA-oriented guide on Roth IRA conversions now that the old $100,000 income limit for converting a traditional IRA to a Roth IRA no longer applies.

In 2009, mutual funds netted a total of $377 billion, with $357 billion, or 95% of that going to bond funds. Outflows from U.S. stock funds were $25.7 billion.

Putnam Investments unveiled a new website for its 401(k) plans Monday that keys investors into a monthly retirement income figure, rather than their existing balance or a retirement savings target.

NEW YORK—Putnam Investments unveiled a new website for its 401(k) plans Monday that keys investors into a monthly retirement income figure, rather than their existing balance or a retirement savings target.

New York Life Insurance has secured the rights as the presenting sponsor of the 2010 Big East Men’s and Women’s Basketball Championships. The men’s championship is taking place March 9-13 at Madison Square Garden, and the women’s games will be held March 5-9 at the XL Center in Hartford, Conn.

In 2009, mutual funds netted a total of $377 billion, with $357 billion, or 95% of that going to bond funds. Outflows from U.S. stock funds were $25.7 billion.

401(k) investors aided by professional investment advice—be it in the form of a target-date default investment, managed accounts or bona fide online advice—earn nearly 2% more (186 basis points) than those who do not receive such help, according to a joint study by Hewitt Associates and Financial Engines.

GuaranteesMatter.com, a microsite from New York Life Insurance, is designed to offer consumers educational and planning materials to help them navigate the changing financial landscape, by showcasing guaranteed products.