-
Bank of America's Merrill Lynch Wealth Management has launched a new U.S. marketing campaign, "help2retire___," to illustrate individuals' evolving retirement priorities and personal aspirations. Budgeted at $20 million, it launched last Monday and is scheduled to run through the end of April on broadcast network and national cable TV, as well as print and online consumer and trade magazines, including sister publication Financial Planning.
February 1 -
-
NEW YORK -- Online retirement calculators are usually so confusing or overwhelming that the average plan participant logs in, checks their account balance and then logs off without making any changes. Putnam Investments has developed a new retirement income twist it hopes will resonate with investors, plan sponsors and financial advisers.
February 1 -
After the recent massive meltdown, it's no surprise that 81% of registered investment advisory firms and 79% of brokers and advisers now believe that traditional asset allocation relying on stocks, bonds and cash provides insufficient portfolio diversification.
February 1 -
-
Bank of New York Mellon is in talks to acquire the investment servicing unit of PNC Financial Services for as much as $2.5 billion to attract hedge fund and mutual fund clients, Bloomberg reports.
January 29 -
Franklin Resources reported its fiscal first-quarter profit for the quarter ended Dec. 31 nearly tripled to $355.6 million, or $1.54 per share, up from the $120.9 million, or 52 cents a share, it earned in the last quarter of 2008. Analysts had expected the company to earn $1.41 per share.
January 29 -
The Securities and Exchange Commission last Wednesday adopted several amendments to Rule 2a-7 governing money market funds that aim to reduce risks by increasing credit quality, improving liquidity, shortening maturity limits and requiring the disclosure of a fund’s “shadow” net asset value.
January 29 -
Fred Alger Management has launched the Alger Dynamic Opportunities Fund, a mutual fund that will invest both long and short, similarly to the privately placed, institutional Alger Dynamic Return Fund.
January 29 - Money Management Executive
Federated Investors completed the $178 million initial public offering of closed-end fund Federated Enhanced Treasury Income Fund on the New York Stock Exchange Wednesday.
January 29