Money Management Executive Latest News

Charles Schwab is encouraging people receiving tax refunds to resist the temptation to use the money for impulse purchases, but, rather, to use the money for long-term financial goals, especially retirement, and paying down high-interest debt.

Citigroup's mutual fund transfer agent services have again been honored with a 5-star performance rating by National Quality Review for the year ending December 2009.

Dreyfus has launched the Dreyfus Dynamic Alternatives Fund, a mutual fund designed to provide exposure to a range of hedge fund returns.

ProShares has launched the first exchange-traded funds that offer leveraged and inverse exposure to the biotechnology sector.

Investment management firms, custodians and broker/dealers all say that financial planners are embracing Web-based workstations that work on smart phones, but they don’t agree on how fast advisers are going down that path.

Ever since the recession began, everyone from media outlets to industry gurus have deemed 401(k)s a failure.

The Securities and Exchange Commission announced that Robert J. Keyes has been named Associate Regional Director and Chief of Regional Office Operations in the agency's New York Regional Office.

Morgan Keegan got hit Wednesday with enforcement actions from both FINRA and the Securities and Exchange Commission over several bond funds that have cost the firm millions of dollars in investor arbitration complaints.

Last week, investors did something they have not done in more than a year: They withdrew more money from municipal bond mutual funds than they put in.

Fidelity Investments has added several new enhancements to its website for financial advisers, including an interactive "Click to Talk" feature that will have a representative call your phone within seconds.