Money Management Executive Latest News

Despite strong market returns last year, a majority of financial advisers have found that their clients will have to work three to five years longer to maintain their standard of living during their retirement, according to a survey.

As the global market crawls out of the recession, the rapid proliferation of narrowly focused exchange-traded funds, which slowed as markets crumbled in the past two years, is beginning to gain momentum again.

When it comes to making investment decisions, the wealthy “seem very self confident and will turn to their peers before turning to advisers,” according to the Knight Frank/Citi Private Bank’s Global Wealth Report 2010.

WASHINGTON — President Obama's successful fight to pass healthcare reform has given a bill to revamp the financial system a dramatic boost, lawmakers from both parties said Wednesday.

Pending hedge fund regulations in the European Union are “protectionist [and] discriminate against U.S. firms and activities,” Sen. Charles Schumer (D-N.Y.) said in a letter to Treasury Secretary Timothy Geithner.

Call it the Great Recession Mindset, but whenever people talk these days about Boomers working longer it often seems the discussion is coming from an ominous point of view.

With nearly half of America’s workforce, 78 million people, without a retirement plan, Prudential is advocating that Congress pass a law to include automatic IRAs and multiple small employer plans in the Pension Protection Act of 2006.

By avoiding gimmicky riders, benefit reductions and higher prices, Jackson National Life Insurance reported its best year for annuity sales through banks in 2009.

Fidelity Investments' Charitable Gift Fund is growing by leaps and bounds, a trend seen in donor-advised funds in general as a post-crisis sense of normalcy returns to the market.

Sixty-one percent of leading mutual fund companies are taking advantage of the provision in the 2010 Tax Increase Prevention and Reconciliation Act that allows investors to convert a traditional IRA to a Roth, by proactively educating investors, a Corporate Insight analysis found.