Money Management Executive Latest News

The jury deliberating the fate of former Bank of America broker Theodore C. Sihpol reached agreement on 20 of the 33 counts against Sihpol late Wednesday, the Associated Press reports.

The nation's chief treasurer expects lawmakers will bridge the impasse over Social Security reform as soon as this fall -

The typical American household has less than $20,000 socked away for retirement and plans to supplement the remaining 59% of their savings with Social Security, according to a new report from Fidelity Investments.

The Vanguard Group said on Monday that its Quantitative Equity Group will manage a portion of the $6.1 billion Vanguard Energy Fund, which has been managed exclusively by parent company Wellington Management since its inception in 1984.

Waddell & Reed Investment Management may have unintentionally created a legal precedent affecting the national mutual fund litigation after last week's lawsuit before U.S. District Judge Kathryn H. Vratil, The Kansas City Star reports.The proceedings established that a judge, who happened to be a mutual fund investor, does not have to disqualify herself from a case involving other mutual funds on a basis of possible conflict of interests.

Brinker Capital said last week that it has inked a five-year deal with Checkfree Investment Services that ensures that Brinker will run its separately managed accounts business on Checkfree's existing APL program as well as transition to its new Enhanced Portfolio Lifecycle (EPL) through 2010.

Amid struggles to restructure its fund management operations, Deutsche Bank Asset Management (DAM) has lost a key senior manager.

Business groups like the U.S. Chamber of Commerce and the Business Roundtable are suggesting that the Securities and Exchange Commission take the sort of stance towards corporate America under Christopher Cox that they had expected under fellow Republican William Donaldson, also a Bush appointee.

The Securities and Exchange Commission has scheduled an open meeting for June 29 - the eve of an abrupt change in leadership - to vote on proposed rules that would allow companies to talk more freely about public stock offerings, Reuters reports.