Portfolio

BOSTON-Retirement isn't always Adirondack chairs and seaside views, even for employees who do participate in company-sponsored defined contribution plans. Not even auto enrollment at 6% with a full company match can solve the retirement crisis.

Mutual fund analysts may have set their hopes too high for the first quarter of 2007, as company earnings didn't reach the levels they had hoped, experts said during Lipper's first quarter fund performance review and outlook webcast last week.

With the stratospheric salaries that hedge fund managers are earning these days, there may be more to mutual fund managers' interest in employing hedge fund strategies than performance. Sure, they claim they're turning to riskier tactics to deliver better returns and distinguish themselves from the competition. In fact, many experts believe that mutual funds' use of hedge fund strategies is a growing trend and that the lines between institutional and retail investment strategies will blur.

The Mutual Fund Store of Overland Park, Kan., the fast-growing independent fee-based financial planning franchised business, is taking a page from successful tax office franchisor H&R Block's playbook-literally.

SEC May Require Funds to Disclose Fees in Dollars

Kansas Denies Ex-Waddell Chief $1.2M Tax Refund

Beacon Rock Settles Timing Case for $475K

Just as the Oscar buzz surrounding Al Gore's documentary "An Inconvenient Truth" pushed discussions about global warming out of academia and into living rooms across the country, environmental awareness and a solid track record have helped propel once-niche socially responsible mutual funds into the retail arena.

Most alternative investment products are neither well-understood nor on the shopping lists of affluent investors with $500,000 or more investable assets. Moreover, fewer than one-third discuss including alternative investments in their portfolios with financial advisers.

Critics of 401(k) plans say they have failed the nation's workers because they don't equip them with financial advice. Although the Pension Protection Act prescribes giving guidance, it is vague on what it should constitute and, therefore, hasn't prompted many plan sponsors or administrators to provide such assistance. Without clear rules, they are afraid of fiduciary liability.