Money Management Executive Latest News

Expanding on its "New School of Investing" theme, iShares is launching an ad campaign entitled "New You." The campaign reaches advisers through television, print and online ads, as well as direct marketing, sales materials and a revamped Web site.

Eggers Returns to Dreyfus

Fair value pricing continues to be a red-hot topic for mutual fund advisors as well as for Securities and Exchange Commission examiners.

The Securities and Exchange Commission announced Friday that Meyer Eisenberg, the SEC's deputy general counsel since 1998, will serve as acting director of the division of investment management, replacing Paul Roye.

Certain clients can delay their required IRA distributions a little longer and pay them out with less onerous tax consequences according to a March 11th IRS Private Letter Ruling. The ruling clarified how required minimum distribution rules apply at retirement to profit-sharing plan participants who made grandfathered "242(b)(2) elections."

JPMorgan Asset Management is developing share in sales of managed accounts even as bank distribution lags, according to a distribution executive at the company.

The NASD plans to release a report today calling for a Web-based "Profile Plus," which the Securities Industry Association will endorse in a letter to the SEC, also today, The Wall Street Journal reports.

Investors are reaping the benefits of lower fees as more and more mutual fund complexes slash prices, The Wall Street Journal reports.

Spurred by a buoyant stock market, stock funds in February raked in $22.43 billion compared to $9.97 billion in January. It was the second-best February in five years, slightly down from February 2004's inflow of $26.1 billion, according to the Investment Company Institute.

Putnam Investments announced Thursday that Sandra C. Whiston has been named head of institutional sales and relationship management, effective April 12. After an eight-month stint at Fidelity Management and Research, Whiston returns to Putnam where she previously worked for 18 years in the company's institutional business.