Money Management Executive Latest News

Since joining Schwab Charitable, the national donor-advised fund organization as its president in the spring of 2000, Kim Wright-Violich has helped Schwab become one of the top 10 charities in the U.S., with over $3 billion in contributions.

A national survey by Citi revealed that women, especially young women aged 18 to 39, have reprioritized their finances as a result of the economic downturn.

If nothing else, the last two years have taught affluent investors and financial professionals that change is often unexpected, swift and brutal. But despite taking severe double-digit losses on their portfolios, affluent investors surveyed recently by HSBC still largely have the same portfolio allocations they did at the onset of the financial crisis in 2008.

Putnam Investments will reveal all of the fees in the defined contribution plans it manages through a new sponsor website that launches next month.

A Fidelity Investments poll of broker/dealers and RIA firms found 86% intend to accelerate firm growth and profitability this year by hiring more advisers and brokers, in addition to building new and existing client relationships. Only 2% say eliminating or cutting non-essential costs will be the biggest driver of profitability this year, compared to 27% in 2009.

State Street Global Advisors and Nuveen Investments launched an exchange-traded fund tracking Build America Bonds Thursday, as investment vehicles devoted to taxable municipal debt continue to proliferate.

The Department of Labor is revising its guidance on investment advice in 401(k) plans by expanding its focus from independent advice to redefining fiduciary duty.

Fidelity Promotes Johnson To Oversee All Distribution

Investment Company Institute Vice President of Operations and Continuing Education Donald J. Boteler; Franklin Templeton Investments Senior Vice President, Global Client Marketing David M. McSpadden; and Putnam Investments have each won first place in Money Management Executive's 2010 Fund Operations Awards for, respectively: Visionary Leadership, Innovation and Back Office Efficiencies/Streamlining.

Top industry leaders and regulators are still trying to figure out what happened during the mysterious "flash crash" of May 6, when the Dow dropped 1,000 points and exchanges briefly fell off a cliff.