Money Management Executive Latest News

American Express Financial Advisors has to cough up $350,000 for fines to the NASD after the firm was accused of inadequate disclosure related to the sale of its variable annuities. The misconduct is alleged to have occurred over a 30-month period ending in 2000.

NEW YORK – The market upturn of the past eight weeks is a harbinger of the long-awaited, albeit modest, economic recovery – and, believe it or not, a number of technology stocks are going to lead the way out.

Neuberger Berman said today that it has struck an agreement to acquire most of the assets of LibertyView Capital Management. The assets are currently controlled by Credit Agricole Indosuez, part of Credit Agricole Group.

Lipper has acquired Capital Access International, an international firm that provides institutional investor profile information and bond ownership analysis. The addition of fixed income analytics complements the company’s existing equity expertise, said CEO Michael Peace.

NEW YORK - Sponsors of 401(k) plans and financial planners who otherwise would never consider investing in hedge or arbitrage funds are taking a keener look.

ICMA Retirement Corp. (ICMA-RC) of Washington, is one of the first to boldly jump into what it's dubbing the "Sidecar IRA," technically known as the "deemed IRA."

Has Morningstar gotten too luminous for its stars?

What is Fidelity hiding?

State Street Research & Management Co. has hired Edward Dowd as a VP and portfolio manager for its large-cap growth team, reporting to Jeff Lindsey, the firm's managing director in charge of the mid- and large-cap growth team. Before joining State Street Research, Dowd worked as an equity analyst for Independence Investment LLC. There, he was responsible for generating investment recommendations within the technology sector. Before that, he was an equity research associate for Donaldson, Lufkin & Jenrette, where he covered electric utilities.

Stephen Lieber, chairman of investment management firm Saxon Woods, will begin working alongside his son, Samuel Lieber, the CEO of Alpine Management, when they merge the two companies at the beginning of next year. Father and son will form a new entity called Alpine Woods Investments, which will serve as a parent company to the two investment management interests.