Portfolio

Anthony Ryan, Under Secretary of Domestic Finance with the Treasury Department until just last month, will be joining Fidelity Investments to develop new products and strategies.

As investors move to fee-based financial planners, rather than those paid per transaction, those planners have become more comfortable recommending exchange-traded funds, according to Strategic Insight.

Money market fund assets have topped $4 trillion for the first time, greatly buoyed by the Treasury Department’s $1 NAV guarantees and financing to purchase asset-backed commercial paper from money funds, which has eased the credit markets.

John Hancock Expands 401(k) Sales Team by 18

In light of all of the demanding regulations that asset managers now face at a time when the nation is gripped by a financial crisis, not to mention the inevitable additional oversight that the new presidential administration will impose on the financial services industry, chief compliance officers are taking a more critical look than ever before at their resources. One of the obvious solutions to the demands they face is outsourcing, which today has become a mission-critical reality for even the biggest fund complexes.

The mutual fund industry has seen significant changes in the traditional third-party distribution model, especially this past year with the collapse of several major wirehouses and a spate of merger and acquisition activity. Alongside these changes, more broker/dealers are taking on the responsibility for recordkeeping mutual fund subaccounts.

The 17 exchange-traded funds Northern Trust Corp. has decided to close will have plenty of company in the exchange-traded fund graveyard before the year is out, experts predict.

States Offer Savings Accounts for 529 Investors

Morningstar Gives Three Funds 'F' Grades

Senators Reintroduce 401(k) Fee Disclosure Bill