- Money Management Executive
A new bill proposed in the House would exempt up to $20,000 in annuity income from federal taxation. The Retirement Security for Life Act of 2004 proposes that 50% of annuity income, up to $20,000 annually, be free of taxes, amounting to savings up to $5,000 for someone in the 25% tax bracket.
July 26 - Money Management Executive
Citing the small fund familys inability to survive on its own, Citizens Banking Corp. this week announced that its Golden Oak mutual funds would become the joint possession of Goldman Sachs and Federated Investors, Reuters reports.
July 26 - Money Management Executive
Citing the small fund familys inability to survive on its own, Citizens Banking Corp. this week announced that its Golden Oak mutual funds would become the joint possession of Goldman Sachs and Federated Investors, Reuters reports.
July 26 - Money Management Executive
Janus Capital reported a significant second quarter jump in income to $130.2 million from $47.5 million during the same quarter in 2003, according to a recent filing.
July 23 - Money Management Executive
Thrivent Investment Management has merged its fund families, creating the Thrivent Mutual Funds. Thrivent was created when the Aid Association for Lutherans and Lutheran Brotherhood merged in 2002.
July 23 - Money Management Executive
Fidelity Investments said on Thursday that its brokerage unit got a tidal wave of net new client assets in the second quarter, while trading volume jumped 75%, when compared to the corresponding period last year.
July 23 - Money Management Executive
Mutual fund investors may experience something less than a windfall from a landmark $32 billion, or $3 per share, dividend payment, from Microsoft Corp, but growth and value investors may still appreciate the gesture for different reasons, The Wall Street Journal reports.
July 23 - Money Management Executive
Second quarter earnings at Franklin Resources slipped to $862.8 million from $874.6 million generated during the previous quarter due to the costs of settling charges with regulators, officials said.
July 23 - Money Management Executive
Legg Mason announced that its board had approved a three-for-two stock split, payable Sept. 24 to shareholders of record as of Sept. 8. The move came a day after the company reported quarterly earnings that missed analysts expectations.
July 22 - Money Management Executive
Banc of America Securities has announced the hiring of Steven Hollender to be a managing director and head of investment-grade credit sales.
July 22