Money Management Executive Latest News

Bank-sold fund assets may be stickier than other channels, but banks are not doing as well as most other channels when it comes to attracting new assets, according to a new study issued last week by Cerulli Associates.

Former VP Al Gore has been named vice chairman of Metropolitan West Financial, a diversified financial services company with more than $50 billion in assets under management, the company announced today.

SEI Investments announced today the launch of a "Tax-Loss Harvesting" initiative, a tax management tool designed to help financial advisors. The program is available only to financial advisers in SEI’s Advisor Network.

Hotchkis and Wiley, the Los Angeles-based asset manager that split off from Merrill Lynch’s Mercury Funds earlier this year, said today that it has hired one of Mercury Funds’ sales managers.

Neuberger Berman announced today that it has named Albert Bellas CEO and Stephen Wells president of Neuberger Berman Trust Company and Neuberger Berman Trust Company of Delaware. The trust companies offer wealth management services to high-net-worth investors, employee benefit plans, family offices, foundations and charities.

A study released today by two investment industry groups said that 401(k) participants did not significantly alter their 401(k) accounts as equity markets plummeted last year.

Eaton Vance Distributors today announced three new additions to its managed account sales and marketing group.

Amid recent layoffs and an economic downturn, Dynamic Mutual Funds of Toronto has named David Goodman as its new CEO, the company announced last week.

In a bid to step up its presence in the intermediary channels, American Century is shuffling its staff, a move that will result in the loss of approximately 70 positions, said Chris Doyle, a spokesman for the company.

Dreyfus Funds To Be Offered at Citizens Bank