Money Management Executive Latest News

Morningstar has entered into a definite agreement to acquire the annuity intelligence business of Advanced Sales and Marketing for $14.1 million.

Janus’ third-quarter net income rose 296% to $32.5 million, or 18 cents per diluted share, up from $8.2 million, or 5 cents per diluted share, in the third quarter of 2009.

Northern Trust reported third-quarter profits of $155.6 million, a 17% decrease from the $187.9 million earned in the third quarter of 2009 and a 22% decrease from the $199.6 million earned in the second quarter of 2010.

ETF Securities has launched the ETFS Precious Metals Basket, an exchange-traded fund that holds fixed physical weights of gold, silver, platinum and palladium.

Over half of American donors (55%) plan to maintain the same level of charitable giving in the fourth quarter, despite market uncertainty, according to a survey by the Fidelity Charitable Gift Fund, the largest donor-advised program nationally.

After the shocks and bumps of the Great Recession, younger Baby Boomers are already thinking about their retirement plans, and are clear on one thing: When it comes to retirement income, they want guarantees, according Allianz Life Insurance Company of America, which released a study Tuesday.

State Street Corp.’s top executive said the company plan to keep a close eye on regulatory reform as it looks to use such development to bolster its growing asset servicing business.

Investors with at least $100,000 to invest are sorely in need of guidance on fixed income risk, asset allocation and retirement readiness, MFS Investment Management found in a survey of 613 investors.

Aviva Investors has launched the Aviva Investors Core Aggregate Fixed Income and the Aviva Investors High Yield Bond funds.

Assets under management at the 500 largest advisors in the world rose 16% in 2009 to $62 trillion, after contracting 23% the year before, according to Towers Watson and Pensions & Investments.