Money Management Executive Latest News

Putnam Investments announced last week that in 2011, it has expanded its wholesaling staff by 20%, bringing its total external wholesalers to 54 and nearly as many internally. Wholesalers who recently joined Putnam include:

Standard & Poor's famously downgrades its rating of U.S. debt for the first time on Aug. 4. Investors pull out of equities and park their proceeds in ... U.S. Treasury bonds.

The second iteration of the European Markets in Financial Instruments Directive is supposed to fix what was wrong with the first version, adopted in 2007.

For financial advisers, the introduction of iPad over the past year has changed everything. Notoriously resistant to new technologies, advisers have become envious of the remarkable advancements taking place in the consumer tech market.

Since the financial crisis and Great Recession, 401(k) plans have undergone dramatic shifts. To foster diversification and greater participation, 51% of participants in Fidelity Investments' 401(k) plans are in automatically enrolled plans, up from 16% five years ago, and 73% of the plans use target-date funds as the default, up from 11% in 2006. In the past year, 64% of sponsors changed their investment lineup-up dramatically from 20% in 2008.

Brian C. Rogers of T. Rowe Price is worried about the "irrational quest for safety" (see story, page one) that investors appear to be obsessed with, at the moment.

Standard & Poor's famously downgrades its rating of U.S. debt for the first time on Aug. 4. Investors pull out of equities and park their proceeds in ... U.S. Treasury bonds.

The second iteration of the European Markets in Financial Instruments Directive is supposed to fix what was wrong with the first version, adopted in 2007.

For financial advisers, the introduction of iPad over the past year has changed everything. Notoriously resistant to new technologies, advisers have become envious of the remarkable advancements taking place in the consumer tech market.

The second iteration of the European Markets in Financial Instruments Directive is supposed to fix what was wrong with the first version, adopted in 2007.