Money Management Executive Latest News

kasina, an e-business consultant for financial services companies announced its finalists for its annual list of top asset management Web sites yesterday. The firm has narrowed down its lists of top 40 retail mutual fund sites and top 20 advisor and institutional sites, all three of which will be cut in half for the final report. The report, Asset Management e-Business: Online Strategies for Success, will be released in September.

Montgomery Asset Management has integrated a number of new features into its Web site aimed at providing individual investors with customized news and some aggregated account information, it was announced this week.

Prudential Financial has appointed Scott Sleyster, the president of its guaranteed products unit, to head the company's retirement services business.

GoldK, an online retirement plan provider and mutual fund distributor, has named Gary Brady senior ERISA (Employee Retirement Income Security Act) counsel. Brady becomes only the company’s fourth attorney and the first specializing in ERISA law, according to a spokesman.

Wealthy investors are confident about the economy and the market, and wealth managers' marketing should speak to that confidence, a Forrester Research survey report concludes.

SAFECO Investment Services, of Redmond, Wash., has begun a new program to attract registered representatives, offering to save as much as $300 in licensing fees per agent.

Wholesalers Saw Substantial Pay Increase Last Year:Fund Sales Managers Gain Larger Cash Packages

State Street Research and Management will liquidate a small Athlete’s Fund next month after the product was hobbled by the departure of key executives who ran it. The fund was designed to cater to the investment needs of professional athletes.

Alliance Capital Management will acquire nine variable annuity funds from Brinson Advisors, a unit of UBS AG, according to published reports.

INVESCO Funds Group of Denver announced today that American Express Financial Advisors has added INVESCO products to its variable annuity product line.