Money Management Executive Latest News

In the wake of a restructuring it completed last week, Pilgrim Baxter & Associates has re-branded two products that will now be offered under its product line.

M Financial Group began offering a family of mutual funds to individual investors that had previously been available only to institutional clients.

The Securities and Exchange Commission today announced that it has censured a big five accounting firm for auditor independence violations.

Three online companies have come up with products that could help banks and adviser firms gather college savings assets by offering a compelling proposition: cash in the form of rebates from name stores like Barnes and Noble and Toys ’R’ Us.

Robert Woodward, executive VP and chief investment officer at Nationwide and Nationwide Financial will retire after 37 years with the company. Woodward, who joined the company n 1964 as a mortgage loan underwriter, will leave when the firm names a replacement.

OppenheimerFunds has increased the IRA sales commission it hands out to A.G. Edwards, according to a statement filed yesterday with the SEC.

Delaware Investments has joined the world of e-delivery. As of today, Delaware investors will be able to receive fund materials electronically through the new service, called Delaware eDelivery.

In a move intended to draw money to its education IRAs, First Investors will waive the front-end load on its funds as long as the proceeds are from other firms’ education IRAs.

Two of Morgan Stanley’s big name money managers, Arden Armstrong and Gary Schlarbaum, are leaving the firm, according to a Morgan Stanley spokesman. Both managers served with Miller, Anderson & Sherrard, which was acquired by Morgan Stanley in 1996.

Investment manager Turner Investment Partners has hired William Costin to market the firm’s sub-advisory services and family of mutual funds throughout a 14-state region in the northern U.S., the firm said today.