Money Management Executive Latest News

Fidelity Investments may possess the largest supermarket of mutual funds, $3.2 trillion of assets under administration and $1.5 trillion under management.

Seventy-eight percent of advisers increased the number and duration of client contacts in 2009 to regain their trust after the very difficult year before, and while that has distracted many from business strategies, 68% of advisers are confident about their practices in the coming year. This is according to a survey of 1,804 advisers and 150 broker/dealers that Curian Capital conducted via Zoomerang.

Contributing to retirement savings is not a strong suit for most Americans, which is why ING Group Inc. wants to make it easier for individuals to develop that much-needed nest egg.

Although the Obama administration recently gave its stamp of approval on annuities as a solution for retirement income, many professionals warn that their low yields and increasing fees should give investors pause, The Wall Street Journal reports.

A provision that expired last year permits people age 70-1/2 to give money from their IRA to charities without incurring taxes could be reinstated.

Invesco has launched a defined contribution website at invesco.com/dc aimed at plan sponsors, consultants, recordkeepers and advisers. It will include information as well as brochures, calculators, whitepapers and videos.

U.S. stock mutual funds received $2.7 billion in inflows in January, reversing four consecutive months of outflows. “I think investors are growing more comfortable coming back into the stock market after 2009’s rally,” Morningstar Senior Fund Analyst Sonya Morris told The Wall Street Journal. “They’re beginning to show signs of shaking off some of the fear that was induced from 2008’s downturn.”

The ability to adapt to changing market conditions has always been a critical element for success in the financial services arena. But in today's market, asset managers will have to go beyond adaptation and in many respects reinvent themselves in order to ride out a perfect storm of industry pressures.

OppenheimerFunds Chair Murphy Joins Korn/Ferry

Fund managers should consider improving target-date fund disclosure to better align these products with the individual risk tolerance of investors, particularly in light of increased regulatory scrutiny over the performance of these funds in 2008, a retirement income expert says.