Money Management Executive Latest News

The NASD has fined AllianceBernstein, Putnam Investments and DWS Scudder a total of $700,000 for improperly paying for entertainment and guest expenses at training and education meetings.

As the so-called "PowerBoomers" approach retirement, a surge of assets will begin leaving retirement plans and flowing into the open market.

Despite growing popularity and public awareness, exchange-traded funds still struggle to get onto 401(k) and other retirement plan platforms.

Hedge funds are viewed as high-risk investments and the average investor tends to shy away from them. But they can complement and offer diversification in an investor's portfolio, according to a recent Lipper "Research Series" report, "The Role of Hedge Funds and Hedge Fund Like-Mutual Funds in a Portfolio."

The U.S. Chamber of Commerce has petitioned the Securities and Exchange Commission to provide it, under the Freedom of Information Act, with details about how it conducted studies into the costs of implementing the independent directors rule. The SEC first published the two economic analyses on the proposed rule in December.

Four men pled guilty earlier this month to opening a hedge fund based sheerly on information gathered from illegal, insider-trading tips.

John Hancock Reassigns Financial Fund Skippers

Now that the Securities and Exchange Commission's Rule 22c-2 has been finalized, mutual fund companies of all sizes are putting plans in place to potentially deal with the receipt and management of detailed shareholder transaction information from financial intermediaries selling their funds.

The decade-long effort to make aggregation portals a viable and valuable business-building tool for advisers, broker/dealers and other financial intermediaries has reached a crossroads. Today, portals provide a single access point for intermediaries with fully electronic account aggregation, research services, select transaction capabilities and access to the websites of participating mutual fund companies. Yet this is only the beginning: The next generation of portals is on its way, and it promises to enhance how intermediaries run their businesses.

Successful mutual fund service organizations realize that behind every transaction is a customer-a person with various commitments and interests, places to be and things to worry about.