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More than half of CPA financial planners say their wealthy clients are not confident in the stock market, according to a survey by the American Institute of CPAs.
February 5 -
The Securities and Exchange Commission will examine the risk exposure and marketing of target-date funds in the coming year, SEC Chairman Mary Schapiro told the Practising Law Institute Friday.
February 5 -
State Street Corp. announced Thursday it has entered into settlements with the Securities and Exchange Commission, the Massachusetts Attorney General and the Massachusetts Securities Division of the Office of the Secretary of State to resolve investigations into losses made around certain active fixed-income strategies managed by State Street Global Advisors.
February 4 - Money Management Executive
Americans are hopeful that the environment will help rescue the struggling economy, according to a survey of 1,000 adults by Allianz Global Investors.
February 4 -
Fully 100% of the 25 private clients who SEI interviewed said that wealth management is not transparent, yet 100% of the 25 wealth management firms SEI spoke to believe transparency is important to rebuild client confidence.
February 4 -
PIMCO has launched the PIMCO Short Term Municipal Bond Strategy Fund, an actively managed exchange-traded fund. The fund will invest in high-quality, short-maturity, alternative minimum tax-free municipal bonds whose income is exempt from federal and, in some cases, state tax. John Cummings, executive vice president and head of the municipal bond desk at PIMCO, will manage the fund.
February 4 -
Investors placed $8.86 billion into long-term stock and bond funds in the week ended Jan. 27, bringing the past 46 weeks of back-to-back inflows to a total of $463 billion, the Investment Company Institute said.
February 4 -
People working in higher education are concerned about retirement but few are changing their investment strategy or planned retirement date or seeking the help of a financial adviser, ING U.S. Retirement Services found in a survey conducted in conjunction with Synovate.
February 4 -
Speaking at the National Institute on Retirement Security in Washington Tuesday, Putnam President and Chief Executive Officer Robert L. Reynolds urged Congress and the Obama administration to strengthen all of America’s retirement savings systems, public and private.
February 3 -
Defined benefit plans delivered an average return of 10.13% between 1995 and 2007, whereas 401(k) plans rose an average of 9.06% a year, according to a report released Wednesday by consulting firm Towers Watson. While that differential is just over one percentage point, the six largest DB plans analyzed outperformed the six smallest by three percentage points in that timeframe.
February 3