Money Management Executive Latest News

State Farm Insurance of Bloomington, Ill. announced today that it is now offering mutual funds nationally.

CitiStreet, a retirement benefits provider of Quincy, Mass., has signed contracts with six mid-size companies with a total of 9,000 participants and total assets of more than $250 million, the firm announced today.

Putnam Investments of Boston has filed a preliminary prospectus with the Securities and Exchange Commission for a new fund, the Putnam Tax Smart Value Fund.

The $8 billion Enterprise Group of Funds of Atlanta today announced plans to launch its 28th mutual fund, the Enterprise Deep Value Fund.

John Capone, the chief accountant at the Securities and Exchange Commission, is leaving the SEC March 30 to become a partner with Arthur Andersen of Chicago, he said.

Mutual fund companies do not respond effectively to customer e-mail inquiries, according to a study soon to be released by kasina, an e-commerce consulting company of New York.

AIM Distributors of Houston has reached a multi-year agreement with Michelle Kwan under which the three-time world figure skating champion will appear in a series of advertisements beginning this month, the company has announced.

The Vanguard Group of Malvern, Pa. has announced that within the year it will start offering advisory services to its clients through Financial Engines of Palo Alto, Calif.

The BearGuard Fund, the flagship mutual fund of Skye Investment Advisors of Los Gatos, Calif., is asking shareholders to approve liquidation of the fund at a meeting March 21.

INVESCO Funds Group of Denver has added a special form to its website which fund investors can use to authorize INVESCO to accept their 2000 tax refunds directly from the IRS and invest them in designated mutual funds. This is the first time INVESCO has offered this program to its shareholders, the company has announced.