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Financial services firms are broadening the scope of their retirement advice tools and planning a major push to help advisors understand them, according to a survey by Hearts & Wallets.
July 20 -
On July 20, 2012, Alternative mutual fund Forward is now one of the portfolio strategists on the investment platform of Genworth Financial Wealth Management, Inc., where it will introduce its new multi-asset income product to advisors.
July 20 -
Asset managers predict alternative mutual funds to make up 9.7% of mutual fund assets in five years, and rise further to 15.8% of assets in 10 years, according to new research by Cerulli Associates.
July 20 -
BlackRock has a new real estate offering in the works, dubbed the BlackRock US Real Estate Securities Strategy Fund, according to a Securities and Exchange Commission filing.
July 20 -
Institutional investors took $12 billion out of money market funds in the week that ended Wednesday, the Investment Company Institute reported. Since the end of 2008, assets have been cut by a third, from $3.83 trillion, to $2.54 trillion.
July 20 -
More and more affluent investors are looking to mobile devices to review finances and check up on their social media accounts.
July 20 -
Airgead Clann, a California independent investment advisor, announced they will proceed with a FINRA arbitration against Charles Schwab regarding the abrupt termination of their investment manager service agreement in October.
July 20 -
Tax-exempt money market funds lost $2.03 billion -- nearly half of the unusually high bounty they amassed last week as total net assets dipped to $272.67 billion in the week ended July 16, according to The Money Fund Report, a service of iMoneyNet.com.
July 20 -
Municipal bond mutual funds continue to see strong and growing demand from investors. Even though, the week was marked by modest moves in prices throughout most of the yield curve, money poured into bond funds for the week ended July 18.
July 20 -
New analysis from a nonpartisan group shows that JPMorgan officials accounted for 18% of all industry meetings with the Fed concerning Dodd-Frank implementation over the past two years, while JPMorgan accounted for 17% of all meetings with Treasury. Goldman Sachs, which also held hundreds of discussions with regulators, focused mainly on the CFTC.
July 20
