Money Management Executive Latest News

In their recent shift toward retail deposits, one factor that has helped banks is weak competition from money market funds.

T. Rowe Price is looking to buy a stake worth $1 billion or more in China Asset Management, according to reports.

The recession has crushed the “free agent” mentality that has prevailed among American workers who had freely job-hopped since the 1990s, Towers Watson found in a survey of 22,000 employees in 22 markets around the world.

More people, 69%, are rolling over their 401(k) savings to a new employer’s plan or an IRA when switching jobs, according to Charles Schwab’s analysis of plans between the fourth quarter of 2008 and the end of 2009.

Vanguard has introduced the Vanguard Explorer Value Fund, an actively managed fund that will invest in small- and mid-cap stocks and serve as a complement to Vanguard’s growth-oriented Vanguard Explorer Fund, which has attracted $8.6 billion.

Hedge fund inflows are expected to top $220 billion this year as asset levels return to near pre-crisis levels in a reversal of last year’s trend of redemptions, according to a survey of investors published on Tuesday by Deutsche Bank.

Sometimes financial adviser clients become intimidated by the process of assessing their life’s goals and aligning them with their investment strategies.

Be it the dismal disappointment of seeing their 401(k) balances fall, loss of a job or a wage cut, 48% of Americans are savings less for retirement, according to a Country Financial survey of 2,340 working Americans.

MetLife believes that the once-ignored “emerging investor” is becoming critical to adviser business as firms try to figure out how to retain and recruit new clients.

This year marks the 30th anniversary of the 401(k), the revolutionary retirement savings vehicle that has been annihilating pension plans, empowering individuals to take part in the stock market—and that left retirees with the misfortune of leaving the workforce in 2000 or 2008 badly off.