Money Management Executive Latest News

The global economy is in the middle of a scary macroeconomic environment, with fiscal imbalances in Europe, Japan and the U.S. and increased regulation, which is confusing companies as well as individuals, according to T. Rowe Price’s director of global equity.

Broadridge has acquired financial services client communications firm Forefield for $19.5 million.

The average 401(k) participant needs to work until age 73 to be able to afford retirement, according to an analysis of 10,000 accounts by employee benefits consulting firm Nyhart.

Charles Schwab Corp. announced Wednesday evening that it named Marie A. Chandoha president and chief executive officer of Charles Schwab Investment Management Inc., which is the investment advisor to Schwab and Laudus Funds.

Registered investment advisors became slightly more optimistic about the economy in November, as measured by Rydex/SGI’s Advsor Confidence Index.

Northern Trust bought Waterline Partners LLC, a Los Angeles investment advisory firm serving affluent individuals and families.The price of the deal, which closed Wednesday, was not disclosed.

J.P. Morgan Treasury Services, one of the largest administrators of health savings accounts nationally, announced it is expanding its nationwide sales drive by launching an HSA broker program.

The Securities and Exchange Commission has set the timetable and ground rules for when and how some mid-sized investment advisors can deregister with the federal regulatory agency and be overseen by state regulators.

Some mutual fund industry analysts are questioning the timing of three new bond funds from American Funds, the Los Angeles Times reports.

Morningstar is offering a free mobile application for smartphones and other devices running on Google’s Android platform.