- Money Management Executive
With higher education costs on the rise, individuals have made progress in understanding the importance of college savings. However, many 529 college saving plan participants have yet to paint the town red over their returns, according to The Boston Globe.
February 16 - Money Management Executive
Talk of the $8 billion deal between BlackRock and Merrill Lynch is only the latest, if not the largest, example of Wall Street firms shedding asset management arms in order to avoid potential conflicts of interest, and broaden distribution channels.
February 16 - Money Management Executive
Four fund advisors have awarded mutual fund service management contracts to BISYS, the company announced.
February 15 - Money Management Executive
In a speech at the National Press Club in Washington yesterday, Investment Company Institute President Paul Schott Stevens suggested that mutual fund companies should leverage the Internet to help alleviate burdensome new disclosure requirements.
February 15 - Money Management Executive
The Fidelity Charitable Gift Fund gave $846 million in grants last year, setting a new record and signaling a strengthening market. The fund also received 21% more in donations last year, compared to 2004.
February 15 - Money Management Executive
The National Association of Securities Dealers has ordered that Credit Suisse Group pay a retired couple $1.2 million for placing their retirement assets in risky investments, Reuters reports.
February 15 - Money Management Executive
Standard & Poor's has released its latest mutual fund scorecard, measuring the consistency of top mutual fund performers over three and five consecutive years. It also measures performance and persistence.
February 15 - Money Management Executive
Arizona is among the states with the worst 529 college savings plan, according to the most recent Morningstar rating, but the plan's director thinks it wasn't accurately evaluated.
February 14 - Money Management Executive
To meet parents' growing concerns over the soaring costs of college, as well as to distinguish themselves from competitors, asset management firms that manage 529 state college savings plan assets are increasingly pairing up with retailers or credit card companies to offer rebates toward 529 balances, The Wall Street Journal reports.
February 14 - Money Management Executive
Although it's the world's top-selling fund manager on the retail side, Los Angeles-based Capital Group has suffered institutional outflows of more than $40 billion, The Financial Times reports.
February 14