Money Management Executive Latest News

Some bankers still avoid aggressively pushing mutual funds in their lobbies due to fear of "disintermediation" of their deposits to other investments.

Kevin Rowell helped Alliance Capital move into the bank channel with its mutual funds three years ago. He did the same while at Putnam in the late 1980s.

A mutual fund success story is hard to come by these days, especially a success involving an equity fund - a large-cap growth fund, no less.

Q: How do you build an operations department for separate accounts from scratch?

The Securities and Exchange Commission has appointed William Webster, a former judge who has served as director of both the Federal Bureau of Investigation and the Central Intelligence Agency, to oversee a new panel that will audit the financial statements of public companies.

The Investment Company Institute reported today that assets in exchange-traded funds, or ETFs, declined by 10% in September, to $82.3 billion from $91.3 billion in August.

Citing increased demand by investors for retirement advice Transamerica Retirement Services said this month that it will provide such advice to all of its plan sponsors via the Web.

SCOTTSDALE, Ariz. – Anti-money laundering, the high standards of the rich, further automation and advancing the power of the Internet were some of the top-line issues at the Investment Company Institute’s Operations Conference here.

New rules that require 401(k) plan sponsors to provide a minimum of 30 days notice to participants before a plan blackout period were published in yesterday’s Federal Register by the U.S. Department of Labor.

Tensions between employers and workers are high at many of the nation’s companies, according to results from a new Harris Interactive poll that shows that the majority of workers are irritated by their managers’ salaries and rewards.