Money Management Executive Latest News

Four years after securities regulators sued five former brokers at Prudential Securities for extensive improper mutual fund trading, Justin Ficken, never considered the most notorious trader in the scandal, is facing the largest monetary penalty out of everyone, according to the Newark Star-Ledger.

The Securities and Exchange Commission has charged Robert Berlacher, a Philadelphia hedge fund manager, with raising more than $1.7 million in illegal profits on insider trading and improper short sales of companies that were conducting private capital raising deals.

Fidelity Investments and SunGard have added new services to their popular Integrated Trading and Custody Platform. The new services include a directed trustee services program, a payment and reporting system for brokers serving retirement plans, and an Internet-based service to help third-party 401(k) administrators meet the retirement planning needs of their clients.

Municipal bond exchange-traded funds (ETFs) have gone from zero to 60 miles per hour in just a few days. And the race continues.

The popularity of online communities and sharing information via the web continues to seep into the financial industry, and now Reuters is taking advantage it.

In the decades ahead, a new generation will inherit an estimated $20 trillion. Yet big disappointments lie ahead for financial firms that believe they will benefit from this multigenerational business. The transferred wealth will move into the hands of heirs who are technologically adept and who actively participate in the management of their wealth. Because of this shift in expectations, most financial services relationships won't successfully make the transition to the next generation.

Lifecycle funds are now taking another punch, and while this one may not be fully merited, it is one that fund companies might want to consider as a roadmap to improving such funds' performance and marketability.

Executives Protest Raising Hedge Funds' Taxes

Aucoin, Denninghoff Join Vista Research and Mgmt.

Surveying the investing landscape with an eye toward attracting new money on a large scale, most asset managers see the same things: a huge and growing IRA rollover market, the need for young parents to increase college savings and an aging Baby Boomer population fast closing in on retirement.