Money Management Executive Latest News

A recent survey suggests financial advisers have been slow to cater to a growing interest in charitable gift planning among their high net worth clients. In fact, many clients seem to feel their advisers' lack of advice and services are the reasons why they haven't made charitable gifts so far.

Deutsche Bank announced today that it is acquiring RREEF, a U.S. real estate investment management group, in a deal valued at (US) $490 million.

In an effort to provide a product line that offers investors performance in all market conditions, Berwyn, Pa.-based Turner Investment Partners is adding to its product line, ranks and distribution alliances, the firm announced today. The new additions will strengthen the firm’s fixed-income and value offerings.

Hotchkis and Wiley Capital Management of Los Angeles today named Kent Grether managing director of institutional marketing, focusing primarily on the consultant and plan sponsor channels in the western half of the U.S.

Senate Democrats on Wednesday introduced broad legislation intended to overhaul pension laws.

Zurich Financial Services has decided to move the retail headquarters of Zurich Scudder Investments to Chicago. Currently, the firm has 900 people in its Boston offices, with between 500 and 600 working in the retail business.

The state of Pennsylvania has chosen Calvert Group, which offers socially responsible mutual funds, to participate in its 529 college savings plan.

Bank One Corp. has hired Heidi Miller to serve as an executive VP of strategy and development, the company said today.

AIM Distributors, Inc. named William Raynor VP of its retirement and education products division, a newly created position, the company announced today.

Pioneer Investment Management has broken up its distribution marketing unit into two separate divisions, Distribution and Strategic Marketing, the firm announced today. In a related announcement, the firm has also hired two former Fidelity executives for the two new divisions.