Money Management Executive Latest News

CPAs serving as top executives aren’t very optimistic about the economy, according to the latest Business and Industry Economic Outlook Survey conducted by the American Institute of Certified Public Accountants in October.

Upromise, a college savings company that SLM Corp. bought in August of last year, said it has restructured Missouri’s 529 college savings plan.

Legg Mason Chairman and Chief Executive Officer Raymond “Chip” Mason said the firm expects to announce its new chief executive officer in the “reasonably near future.”

While the Financial Industry Regulatory Authority has spearheaded a number of investor educational programs, it has launched the first one aimed specifically at Boomers, aimed at helping them better understand investing options and avoid fraudsters.

Predictions that the mutual fund industry will embrace elaborate alternative strategies, driven in part by European regulatory changes, may be a bit preliminary, according to some state-side asset management executives.

The strongest growth in the investment management industry will not be in the United States but in Asia. That's according to two recent reports extolling the potential of Asian markets.

The growing number of independent directors on mutual fund boards has renewed the debate over whether industry best practices should become mandatory, but few believe any regulatory action will be taken soon.

Let's be realistic about New York Governor Eliot Spitzer, a man many in the mutual fund industry detest for launching the timing and late-trading investigations.

Donohue Urges Directors To Focus on Fair Value

Eaton Vance Appoints Swaffield to Key Position: Income Investment Officer