Money Management Executive Latest News

The 50-and-over crowd will soon have new mutual funds to consider investing their hard-earned money in.

AUSTIN, Texas - Karen Becker has met the "new" Securities and Exchange Commission, and she said it's a more thorough, more knowledgeable regulator than it was prior to the scandal.

Arrivato Advisors has launched the Arrivato Dow Jones U.S. Target Date Funds, a family of five target-date funds based on the Dow Jones U.S. Target Date Indexes.

Pali Capital Hires Yanello As Managing Director

AUSTIN, Texas - The deadline for mutual funds to implement agreements with intermediaries to accommodate the Securities and Exchange Commission's Rule 22c-2, or the redemption fee rule, is an entire year away, but experts have this message for the industry: If you haven't begun preparations yet, you're way behind.

Adequate equity exposure, proper diversification, active management and targeted communications to encourage steady investments over a long time horizon are some of the key ingredients for a successful target-date retirement fund, according to a recent report by the global investment research division of AllianceBernstein of New York.

It's a Hobbesian world out there for the sales team charged with selling asset management products. While it's the nature of a successful salesperson to work independently, focused on their own individual goals, they can be taught to work for the common good of the company. In fact, the winning firms will be those that succeed in aligning the interests of the individual external wholesaler with the strategic goals of the entire organization. Of course, there are many factors that go into creating a successful sales organization, but a motivated external wholesaler is certainly one of the most important.

Nearly 10 months since President Bush first revealed his desire to include private accounts in Social Security reform - an effort that included a three-month, nationwide barnstorming campaign to drum up support - the administration is no closer to getting a proposal heard by Congress.

CHICAGO - The Securities and Exchange Commission plans to make all footnotes and related commentary for Form N-Q filings public, which is causing consternation in the industry.

NEW YORK - In 1934, German engineer Ferdinand Porsche invented the "people's car," known today as the Volkswagen Beetle. Affordable and reliable, it was arguably the first car within reach of the everyday consumer and almost instantly brought mass motoring to the streets of Germany. Over its lifespan, it has accounted for more sales worldwide than even Henry Ford's Model T.