Money Management Executive Latest News

Symetra Life Insurance Company has launched a group variable annuity for the 403(b) and 457 marketplaces, with schools and nonprofits in mind.

Fidelity Investments has helped a record 185 brokers leave wirehouses and join registered investment advisory firms and independent broker-dealers so far in 2009, the company said Monday.

Despite heavy losses in their portfolios, most high-net-worth investors are sticking with their financial advisers, according to the Northstar/Sullivan Rebuilding Investor Trust Survey.

McNabb Succeeds Brennan as Vanguard Chairman

Fund managers are betting that emerging markets will be the best place for growth in 2010, due to their lack of correlation to the rest of the world and its sluggish, forecasted recovery, but lower correlation does not mean greater safety.

American Century Investments is a brand-new player in the international wealth management business-and that novelty could be an ace up its sleeve, according to the company's top executive.

Senate Bill Would Disclose Projected Income of 401(k) Balances

Thirty years after the Securities and Exchange Commission allowed an exemption to help mutual funds pay for promotional sales and marketing expenses, the agency is once again considering revising or renaming these controversial charges, known as 12b-1 fees.

The House passed a regulatory reform bill 223 to 202 on Friday that would significantly reshape the financial framework.

The House of Representatives refused to give rule-making authority over many investment advisory firms to the Financial Industry Regulatory Authority.