- Money Management Executive
John Hancock has created a retirement income and rollover solutions business unit.
March 1 - Money Management Executive
A follow-up proxy filed with regulators on Feb. 23 on behalf of Reserve Management of New York, the investment advisor to the Reserve Funds and Hallmark Funds group, reveals the true cost of the company’s error, discovered two years ago.
March 1 - Money Management Executive
Only 40% of Americans have a separate emergency savings fund, but most who do (81%) believe it will be enough to cover unexpected expenses in the coming year, the Consumer Federation of America found in a national survey of 1,000 people.
February 28 - Money Management Executive
In response to a survey of members of Generation X—500 people between ages 25 and 40—that indicated 24% are hesitant to open an IRA because they don’t have enough money for the minimum investment, Charles Schwab has devised a number of recommendations for how they can save money.
February 28 - Money Management Executive
While other asset management firms are coming out with esoteric exchange-traded fund products “for products’ sake,” resulting in rampant “product proliferation,” Vanguard plans a more cautious approach, Chairman John Brennan told Reuters.
February 28 - Money Management Executive
A federal judge has dismissed a lawsuit by the Securities and Exchange Commission against two executives at a Citigroup transfer agent who realized nearly $100 million in savings from an affiliated transfer agent but kept the profits for the company rather than to lower fund expenses, The Wall Street Journal reports.
February 28 - Money Management Executive
The Federal Reserve announced Tuesday that it has ended a two-year-old enforcement action against the Bank of America.
February 28 - Money Management Executive
Goldman Sachs is planning to open a mutual fund business in India, where the industry has been growing exponentially in recent years, Reuters reports.
February 27 - Money Management Executive
A majority of Americans are concerned that they will not have enough money to retire, a poll by Scottrade found.
February 27 - Money Management Executive
Although regulators didn’t bring many cases against mutual fund companies in 2006, that doesn’t mean that their scrutiny is going to let up, according to a white paper from SEI.In fact, the Securities and Exchange Commission has indicated it will continue to crack down on abuses in the industry.
February 27