Money Management Executive Latest News

Planners, dust off your welcome mats!

The House of Representatives approved yesterday a bill that would loosen regulations on fund companies so that they could provide advice to 401(k) participants. The bill, known as the Retirement Security Advice Act, was approved by a margin of 280-144.

Monetta Funds Lowers Minimum Initial Investment

INVESCO Funds of Denver has been appointed as a subadvisor on two of Pacific Life’s retail fund portfolios, the company said today.

GoldK, an online retirement plan provider and mutual fund distributor of Waltham, Mass., announced today that three mutual funds from Oberweis Funds have been added to its Internet 401(k) lineup.

Lincoln Financial Group is looking to banks for initial distribution of a variable annuity that gives investors more access to their money, and it has struck a deal with the San Francisco banking company Wells Fargo & Co. to start the process.

The market for 529 college savings plans is expected to grow at a compounded rate of 50% each year, reaching the $51 billion mark in the next five years, according to a report released this month by Cerulli Associates, a Boston consulting firm.

American Century Shuffles Deck:Firm Restructures In a bid to Increase Adviser Assets

Hammered by declining equity markets, Pioneer Investment Management USA said today that it will slash its workforce by 8%.

Federated Investors, JP Morgan Chase and Nations Funds will offer their funds through a new Web-based program that distributes products to commercial clients of banks, thrifts and credit unions, FinancialOxygen, the technology firm that launched the product, said today.