Money Management Executive Latest News

Investors whose financial advisers have presented them with detailed, written retirement income plans rate them highly, yet only 18% of pre-retirees who work with an adviser have a retirement income plan, a survey of 500 retirees, pre-retirees and advisers by Fidelity Investments found.

The Supreme Court has ruled 5-4 that Janus Capital Group is not liable for false statements in a prospectus for the Janus Investment Fund made at the time of the 2003 market-timing scandal.

With stock trading, there seems to be an app, of course, for just about anything.

Jim Lyday has joined Lincoln Financial Distributors as head of institutional retirement solutions distribution, reporting to President and Chief Executive Officer Will Fuller. In this role, Lyday is responsible for distribution of Lincoln's defined contribution business among mid-to-large employers.

When financial services leaders are no longer confident, where does that leave the rest of us?

Financial advisers and investors may want to heed some cautionary words from several economists at the Wharton School who think that the country's current economic recovery will remain a sluggish affair and, whenever it does stabilize, it will likely mark the beginning of a "new normal" that's less robust and prosperous than prior cyclical peaks.

Putnam Investments has created an application for the iPhone that permits shoppers to find comparable prices to goods at other stores, see the price differential-and immediately direct that savings to their 401(k).

In its first 14 months on the market, 25 million copies of Apple's iPad touch-screen tablet computer were sold. In the three months ending June 30, the company will likely have sold eight million of the devices, according to Piper Jaffray and other industry analysts.

Preventing tax evasion is certainly a noble-and potentially profitable cause-for the U.S. government.

The Conference Board Leading Economic Index increased 0.8% in May to 114.7 (2004 = 100), following a 0.4% decline in April and a 0.7% increase in March. The largest contributions came from the interest rate spread, consumer expectations and housing permits.