Money Management Executive Latest News

Retirement plan participants are calming down, according to a Mass Mutual analysis of its plans.

The operator of a pan-European data network has deployed high-speed optical networking gear, to achieve trip times of 4.22 thousandths of a second between London and Frankfurt and 2.65 milliseconds between Paris and Brussels.

The Securities and Exchange Commission has given money market funds a reprieve from following an amendment to money market fund regulations requiring them to approve of the credit rating agencies they must use to determine whether a security is eligible for investment.

LIMRA announced Monday it has partnered with Smarsh, a provider of secure e-mail archiving solutions compliant with FINRA and Securities and Exchange Commission standards, to provide these services to its members.

Chris Gootkind is the latest addition at Loomis, Sayles & Co., where he has joined the firm’s fixed-income group as the director of credit research and a credit strategist.

Two advisor trade groups - the Securities Industry and Financial Markets Association and Financial Planning Coalition, which consists of the Certified Planner Board of Standards, the Financial Planning Association and the National Association of Personal Financial Advisors - finally sent in their comment letters to the Securities and Exchange Commission regarding Section 913 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, or what the Commission should do about enforcing a blanket fiduciary standard for all financial advisers.

Financial advisers rate Vanguard the No. 1 provider of exchange-traded funds, giving the company high marks on nine out of 10 metrics, Cogent Research found, in its 2010 Adviser Brandscape survey of 1,560 advisers. Vanguard rated a Net Promoter Score (NPS) of 33%, compared to market share leader Barclays iShares’ 20%. NPS is a standardized loyalty metric developed by Bain & Co. and deployed across many industries, according to Cogent.

The Securities and Exchange Commission has announced that Christopher R. Conte, associate director in the division of enforcement, will leave his post at the regulator after 18 years.

LCH.Clearnet will cut fees for many customers by as much as two-thirds and eliminate charges for high-volume equity traders amidst the possible loss of key clients and growing competition in Europe’s post-trade clearing market.

Fund managers try to provide their institutional clients with best execution, but are falling short of the mark in one key area- back office settlement fees.