Money Management Executive Latest News

Forty percent of high-net-worth investors, those with $1 million or more of investable assets, excluding their primary home, are worried about the risk of outliving their assets, The Phoenix Cos. found in a survey. In 2007, only 33% had this concern.

Thirty-six percent of financial advisers are less confident than they were a year about in their ability to manage reitrees’ assets—with most blaming the complexity of retirement income portfolios needing to both generate growth while guaranteeing income, GDC Research and Practical Perspectives found through a survey.

The Securities and Exchange Commission is currently investigating 50 cases of credit-default swaps and 150 hedge funds, Chairman Mary Schapiro told the Society of American Business Editors and Writers. The investigations are in line with objectives of the Obama Administration to overhaul financial regulations.

ProFunds Group has hired Richard Kendrick as managing director, marketing, in charge of all marketing for the company’s exchange-traded funds and mutual funds. He comes to the firm from RiverSource Investments, where he was vice president, asset management marketing.

According to a survey by the IBM Institute for Business Value, 90% of financial markets executives and government officials believe the returns of the past are over, primarily due to radical restructuring of the financial markets.

Recognizing the need for asset management executives to receive timely insights from financial intermediaries on changing investor tastes, kasina and Horsesmouth have launched Advisor Vision. Through surveys conducted among Horsesmouth's 70,000 members that kasina designs and analyzes, the service provides insight into advisers' behaviors, preferences for working with asset managers and opinions on specific firms and investment choices.

Putnam to Double 401(k) Wholesalers to 10

There has been some talk that the government bailouts and industry intervention are leading America toward socialism. Whether or not that shocking and unsettling claim turns out to be true, the government will undoubtedly take greater control of the financial services industry, and that will stifle innovation, risk, growth-and wealth.

Energy Mandates Provide Major Opportunities: Calvert

The House Education & Labor Committee last week proposed new rules for 401(k) disclosure that will give investors greater transparency into the fees they are paying, but some 401(k) advocates say the new rules are too aggressive and unnecessary.