Money Management Executive Latest News

At a users conference in Pittsburgh at the end of September, Broadridge Financial Solutions introduced "a tool for strategic thinkers."

Electronic tools have made multi-asset class trading a reality for envelope-pushing asset managers.

Managing risk now means a lot more, operationally, than just watching out for mistakes in the middle and back offices, in mismatching details of transactions.

TowerGroup

You can't manage what you don't measure. Which used to mean it was pretty hard to manage the sales of funds through brokers, registered investment advisers, banks and other channels.

Citigroup has become the second fund administrator to implement a new technology platform from youDevise in London specifically designed for servicing funds of hedge funds.

The Depository Trust & Clearing Corp. has begun testing an enhanced version of its cost-basis reporting service to help financial intermediaries pass cost-basis information to each other when customer assets move from one firm to another.

Auto enrollment, escalation and target-date features in 401(k) plans are effective in boosting savings substantially, especially for lower-income workers, according to a report from the Employee Benefit Research Institute (EBRI) and the Defined Contribution Institutional Investment Association.

TD Ameritrade is lifting the trading commissions on 101 exchange-traded funds indefinitely. Investors must hold the ETFs for at least 30 days, however; otherwise they will be charged the standard $9.99 fee.

Vanguard Group removed AllianceBernstein as manager of the Vanguard U.S. Growth Fund, replacing it with Wellington Management and Delaware Investments. William Blair will continue to run one-third of the fund.