Money Management Executive Latest News

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.

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.

PHOENIX, Ariz. – He blew right by me. On one leg.

The operators of the Hong Kong Exchanges are taking steps to enter the index business, toward creating benchmarks of the performance of stocks on mainland China and in emerging markets, such as Russia, Brazil, India and South Africa.

Fidelity Investments has filed with the Securities and Exchange Commission Dec. 1 to offer a broad range of domestic and international equity and fixed income exchange-traded funds – putting to rest longtime speculations as to when, not if, Fidelity would enter the ETF market.

Investors pulled $20.4 billion out of stock mutual funds in October, 52% more than the $13.4 billion they withdrew in September, according to the Investment Company Institute’s monthly survey of the mutual fund industry. But most of that money went back into bond funds and hybrid funds, which took in a combined $16.3 billion for the month.

Neuberger Berman has placed Fayad Abbasi, an analyst at the center of a federal insider-trading probe, on paid leave. However, a Neuberger Berman spokesperson told The Wall Street Journal that the company was unaware of Abbasi being named in the investigation

Fidelity Charitable on Thursday rolled out GivingCentral, an online adviser platform, and a dedicated adviser service team.

The Expect Miracles Foundation – Financial Services Against Cancer Thursday announced its 2012 Expect Miracles Awards, sponsored by American Century Investments. This will be the program’s third year. Entries are being accepted through March 5.

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.