Money Management Executive Latest News

Talent and creativity in the fund industry are burning brighter than ever.

Former New York Banking Superintendent Richard Neiman has joined PricewaterhouseCoopers as vice chairman of the firm's global financial services regulatory practice. Neiman was also a member of the Congressional panel overseeing the implementation of the Troubled Asset Relief Program (TARP).

A new report from Metropolitan Life Insurance Co. suggests that financial advisers need to educate their clients better on the importance of managing their emotions as well as their spending and investing behavior during and close to retirement just as they did-presumably-when they were saving up for their golden years.

Investors and regulators aren't the only ones wanting to know how a fund will mitigate its operational risk.

After four decades of steady growth, the Vanguard Group is now the nation's largest fund company, with $1.6 trillion under management. Its three core strengths: a solid reputation for putting investors first, its emphasis on giving broad exposure to the stock market through index funds and its low fees.

If this article were written in 2001, its advice would center on how to effectively pull data out of an annual or quarterly report and make best use of it.

CHICAGO -- Just last month BlackRock’s Bob Doll told a room full of almost 2,000 advisers at the IMCA Annual Conference in Las Vegas that he believes the U.S. will continue to outperform developing markets and outperform Europe and Japan. “Investors should be overweight the U.S.” he said.

The traditional advice and guidance model whereby investors pay fees for their investment selections and receive advice for free isn’t resonating among older investors, according to a study by Hearts & Wallets. These older investors would prefer to pay for personalized advice from a trusted, reliable source.

The Bloomberg Consumer Comfort Index rose to from -47.1 to -45.9 in the week ended June 5, the third straight week it has risen and its best reading since the end of April.

CHICAGO -- Seeking to make it easier for financial planners and investors to analyze the vast mutual fund universe, Morningstar will soon launch forward-looking, analyst-driven fund ratings.