Money Management Executive Latest News

Wells Fargo & Co. is reportedly days away from acquiring Strong Capital Management in a deal valued at $400 to $500 million, CBS MarketWatch reported.

Morningstar plans to introduce a new mutual fund rating system that awards high marks to asset managers that demonstrate good corporate governance tactics, The Wall Street Journal reports.

While 529 plans get all the publicity, Coverdell Education Savings Accounts often offer more advantages to those saving for college, Reuters reports.

Americans have lowered their expectations for retirement and are not actively managing their retirement funds, according to a John Hancock Financial Services survey of 800 defined contribution investors nationwide. The average age at which investors expect to retire is 64.4, up from 61 in Hancock’s last survey in 2002 and 59 in the 1995 poll.

New York Attorney General Eliot Spitzer’s office is not a one-man show. Assistant Attorney General David Brown, a former Goldman Sachs lawyer, is Spitzer’s best supporting actor. Think Christopher Walken, only bigger, and with a Harvard law degree.

New York Attorney General Eliot Spitzer Monday sued to annul the egregious $187.5 million pay deal awarded to former New York Stock Exchange Chairman and CEO Richard Grasso that ignited a scandal which ultimately led to his ouster last year.

Even as the Investment Company Institute at its general membership meeting pored over ways to fix the mutual fund scandal and not let anything like it happen again, investors and executives are already considering the scandal a done deal, according to a column in The St. Paul Pioneer Press Monday.

A group of independent directors has formed the Independent Directors Council to provide education and create a forum to discuss policy issues. The council, an offshoot of the Directors' Committee of the Investment Company Institute, will be housed in the ICI but has its own staff.

Being a value-oriented investment management shop based in Denver, a city well-known for growth managers including Janus Capital, Invesco and Founders Capital, it can sometimes feel like you are a fish swimming against the tide.

Amex Promotes Moen To Vice President, National Sales Manager