Money Management Executive Latest News

Berger Funds has struck a marketing agreement with software manufacturer Intuit to provide new tax preparations to investors through its Web site.

When John Serhant was named to direct State Street Global Advisors’ high-net-worth group in October, he was prepared to expand the firm’s profile among wealthy clients.

Access Data Corp., a software firm that caters to the financial services industry, announced today that it has acquired Atlantic Research and Consulting’s financial services practice for an undisclosed sum.

Attrition and an effort to expand its equity management business have driven a spate of new hires at Calvert.

New York Life Benefit Services has introduced a 401(k) statement it will send to employees not participating in their companies’ retirement plan to encourage participation.

After announcing plans last year to double its annuity sales through banks, Lincoln Financial Group did much better than that — its sales of fixed annuities in the channel rose more than ninefold during 2001, according to Kenneth Kehrer Associates.

INVESCO Retirement, Inc., INVESCO’s Atlanta-based defined contribution division, has appointed Jay Wilkinson senior VP and director of alliance sales. He will be in charge of the firm’s institutional relationships.

Shareholders know that that taxes have a negative impact on their funds’ returns but a new survey suggests that most of them are in the dark when it comes to knowing how to minimize the tax bite on their returns.

Wal-Mart has offered its employees some advice on how to spend their retirement assets that is probably not too popular with the company’s 401(k) plan provider. The company has suggested its employees cover a 30% hike in health insurance coverage by using their 401(k) savings, according to a story appearing in The Wall Street Journal.

Pending board approval, Berger Financial Group will liquidate its IPT New Generation Fund, the company recently disclosed in a regulatory filing.