- Money Management Executive
Low-income Americans who participate fully in a 401(k) plan or similar tax-deferred savings plan can pay more taxes over the course of their lifetimes, according to new research from the Federal Reserve Bank of Cleveland.
November 6 - Money Management Executive
State Street Corporation has hired Darla Hastings to fill the position of head of corporate marketing
November 6 - Money Management Executive
Rydex Global Advisors has started releasing data gathered on AdvisorBenchmarking.com, a site designed to learn more about fee-oriented financial advisers.
November 6 -
Acquisitions, product consolidation, a shift to outsourcing--it's all part of the plan for Investec's U.S. investment management unit, said its managing director, Royce Brennan.
November 5 - Money Management Executive
With an eye on cutting costs at the small fund family, Investec has recently made adjustments to its outsourcing, allowing the firm to cut seven of its positions in Pasadena, Calif. Besides switching teleservicing from Providence, R.I.-based BFDS to Firstar, Brennan said the firm has also started using the marketing services of Merrill Corp. through Firstar, rather than contracting directly with the firm.
November 5 - Money Management Executive
As a relative unknown in the U.S. market, Investec gets some quizzical looks from other firms, who often warm up after doing research on the South African powerhouse, Brennan said.
November 5 - Money Management Executive
Storm-tossed stock markets and a cloudy economic outlook have 401(k) plan participants seeking safe harbors such as bond and stable value funds for their savings.
November 5 - Money Management Executive
"During a booming market, stable value funds hold little appeal for investors accustomed to reaping sky-high returns from stocks and mutual funds," said Aruna Hobbs, director of business development and head of the stable value unit for AEGON Institutional Markets in Louisville.
November 5 - Money Management Executive
A novel new fund group is launching two funds that will undoubtedly fan the flames of competition among its subadvisors.
November 5 - Money Management Executive
Late last month Ariel Capital Management, the Chicago firm known for its two value funds, and whose slogan has long been "Slow and Steady Wins the Race," announced that it was planning a new growth fund.
November 5