Money Management Executive Latest News

MetLife's Broker-Dealer Group has introduced MetLife Fund Management Services, an investment advisory solution targeted at emerging investors.

Edward Jones has adopted Delta Data's FUNDViews service to manage and maintain operational rule changes within its mutual fund security master tables in its brokerage platform.

Karl Zeller has been named strategic relationship manager as part of Turner Investment Partners' expansion of their private client group.

UMB Financial Corp. is installing Advantage Fee software from Fiserv Inc. to streamline billing activities in its investment management units, Fiserv said.

A former UBS banker who cooperated with the U.S. investigation of the Swiss bank was sentenced to over three years in jail for helping a billionaire real estate developer evade $7.2 million in taxes.

The Securities and Exchange Commission needs to undertake a “comprehensive, independent, zero-based regulatory review” of a broad range of market structure issues before “piecemeal changes to the current market structure” exacerbate potential execution unfairness and make matters worse, says U.S. Sen. Edward E. Kaufman (D-Del.).

Fidelity Investment's timely staff cuts and careful positioning of its financial service units is paying off this year and contributing to market share gains, according to the fund giant.

Sales and national accounts professionals saw average compensation losses ranging from 10% to 30% in 2008, but with smart management, top producers will be well-positioned for a recovery in 2010, according to a new study by kasina.

Wall Street's M&A business for asset management companies will be fueled by strategic expansion purchases and corporate divestitures over the coming year, according to a new survey by Jefferies Putnam Lovell.

Investors who have a more optimistic outlook appear to be better prepared for retirement, Fidelity said. Eighty-three percent of optimists are more likely to expect a comfortable lifestyle in retirement, versus 61% of pessimists.