Money Management Executive Latest News

Allen Gula, Jr. has joined Franklin Resources of San Mateo, Calif., as senior vice president, chief information officer and a member of the executive committee.

Some mutual fund firms are taking steps that will make it easier for them to respond in the event of significant shareholder redemptions.

Amway Corp. of Ada, Mich. is creating an Internet sales network that could become a powerful distribution channel for its revamped mutual fund business.

There is a mutual fund product in development that could only be imagined in the age of Cyberspace - a value fund that plans to use Internet message boards to assist individual investors to influence the actions of public companies.

The mutual fund industry is starting to embrace some of the Internet's best ideas.

It could get a little easier for mutual fund companies to issue press releases next year.

The Internet is not going to lead to the downfall of financial advisors, at least if the PIMCO Funds of Newport Beach, Calif. can help it.

StockJungle.com, a first-time mutual fund adviser, plans to launch four online mutual funds, including a novel S&P 500 Index Fund that will be free to investors.

American Express Financial Advisors of Minneapolis is launching a combined brokerage and mutual fund service in an effort to compete with full-service brokers and mutual fund sellers E*Trade of Menlo Park, Calif., and Charles Schwab Investment Management of San Francisco.

Scudder Kemper Investments of Boston has signed a deal with Financial Engines of Palo Alto, Calif., the Internet investment advisor, to provide online investment advice to sponsors of especially mid-sized defined contribution plans. The deal was announced August 2.