Money Management Executive Latest News

Eaton Vance Corporation's seventh annual survey of investors, conducted by Penn, Schoen & Berland Associates, Inc., reveals that there is a significant percentage of investors who are becoming more tax savvy but do not know how to make their money work in the most tax-efficient manner.

Charles Schwab & Co. has unveiled the Option Strategy Finder, a Web-based tool created to help investors find the optimal strategies for their individual investment objectives and needs. The tool is available on www.schwab.com, and begins the tailoring procedure by first asking the investor six questions to better understand the criteria for their needs. The tool then lists the strategies that are best-suited to that investor.

John Bogle, formerly the head of Vanguard, is famous among investors. Just how famous? Ask Taylor Larimore, Mel Lindauer and Michael LeBoeuf, authors of The Bogleheads' Guide to Investing. The trio took Bogle's philosophy on investing and reduced it to a short and poignant slogan: invest smart, safe and cheap, and you'll do well, according to Reuters.

Some portfolio managers who left mutual funds in recent years to run hedge funds are returning to their roots, the Financial Times reports.

Sen. Edward Kennedy (D-Mass.) fired off a strongly worded letter to Supreme Court nominee Samuel Alito, challenging him for not recusing himself from a 2002 case involving Vanguard, where Alito has a six-figure investment, the Associated Press reports.

The New York offices of U.K.-based money manager Barclays is caught in an international money laundering investigation that implicates a top Russian official with close ties to President Vladimir Putin, The Wall Street Journal reported yesterday.

President Bush's plan to privatize Social Security will be put on hold until the next administration takes office, a leading Social Security historian told to the Daytona Beach News.

The NASD has launched a streamlined version of its online tool that allows investors to instantly compare the expenses of up to three mutual fund products.

Driven by 401(k) contributions and the increasing popularity of exchange-traded funds, stock sales of major mutual fund companies have significantly outpaced those of more traditional stocks and bonds, according to a report from USA Today.

Although their stocks have been on the outs since the tech bubble burst four years ago, a new generation of Internet company stocks is gaining popularity.