Money Management Executive Latest News

Despite the warnings from financial planners, relatives and the media, nearly two-thirds of Baby Boomers surveyed said Social Security will be either an "extremely" or "very" important source of income when they retire.

The nation’s stock exchanges and the Financial Industry Regulatory Authority Wednesday filed a proposal with the SEC to establish a new “limit up-limit down” mechanism that would limit swings in stock prices, during periods of volatility.

A New York judge has dismissed a class action lawsuit against State Street as the sponsor of a mutual fund, saying that even though the mutual fund misrepresented its risks, investors were not harmed. That's because the fund correctly calculated its net asset value.

Financial advisers have known for some time that Americans have lost confidence in their ability to afford a comfortable retirement, but for confidence to plunge just as economic indicators were perking up?

Momentum Partners and FUSE Research have formed a partnership to offer advisory services to their clients.

The Conference Board Employment Trends Index rose in March, its sixth straight monthly gain. Now at 100.9, it is up from 100.3 in February and has gained 8% from a year ago.

Moody’s Investors Service has lowered its outlook on Fidelity Investments from “stable” to “negative.”

Fidelity Investments has increased the size and capabilities of its London fixed income office, enhancing its ability to service institutional clients through Pyramis Global Advisors as well as Fidelity’s mutual fund clients in the U.S.

A majority of Americans find retirement planning confusing and want additional help, a study by the ING Retirement Research Institute conducted by the Boston Consulting Group found.

Goldman Sachs Asset Management has launched the Goldman Sachs High Yield Floating Rate Fund. It invests in below investment-grade, floating-rate loans and other variable-rate securities issued by U.S. and foreign companies. The fund’s investment objective is to generate a high level of current income.