Money Management Executive Latest News

When the news first surfaced that accusations of fraud and market timing were being leveled against Putnam Investments, attention immediately turned towards the firm's largest clients in anticipation of a backlash.

Banks aren't exactly knocking the Big Five brokers out of the SMA ring - but they're throwing them a few jabs.

Quick! Name a favorite mutual fund or investment management commercial or advertisement you've seen this year. We'll wait.

Although Putnam Investments of Boston is best known for its multi-year print advertising campaign under the theme of truth-in-labeling, its Nov. 10th full page ad in The Wall Street Journal, The New York Times, Boston Globe, Boston Herald, The Washington Post, USA Today, and St. Louis Dispatch, and, on the following day, the Financial Times, definitely raised some eyebrows.

Putnam, Strong Replace CEO, Chairman in Probe

When it comes to mutual funds, for brokers, the bigger the better.

Insurance companies are gearing up for the holiday season with new ads. MetLife has added two television spots and two print ads to its "Have you met life today?" campaign.

Generation X may have a nebulous name, but female Gen Xers are clear when it comes to their finances. They want to save, according to a survey by Allstate Financial.

Putnam Investments reached a settlement with the Securities and Exchange Commission yesterday in which it promised to embark on significant reforms and repay investors who lost out due to excessive market timing in Putnam funds.

As the news broke yesterday that New York Attorney General Eliot Spitzer might press charges against them, Harold Baxter, chairman and chief executive officer of Pilgrim Baxter & Associates, and Gary Pilgrim, co-founder, quit their positions yesterday. An internal probe into investments by one of the two, also prompted their forced resignations.