News Feed

Gemini Fund Services is expanding its portfolio, building out its Northern Lights Fund Trust I shared mutual fund trust with the addition of three new funds from Ascendant Advisors.

Having gone into bankruptcy, Financial Research Corp. is now being evaluated by Strategic Insight parent Asset International for potential purchase.

Hedge funds took in $6.1 billion in net new flows in August, marking the seventh month of inflows since January, according to BarclayHedge and TrimTabs Investment Research. For the first eight months of the year, hedge funds have seen $51 billion in inflows.

In the wake of economic and stock market volatility, many 401(k) investors are questioning the wisdom of 401(k), 403(b) and 457 plans, a survey by Allianz Life Insurance Company finds.

LPL Financial Retirement Partners has rolled out the next iteration of its portfolio of tools for retirement plan advisors working with plan sponsors.

Having gone into bankruptcy, Financial Research Corp. is now being evaluated by Strategic Insight parent Asset International for potential purchase. Asset International, however, is only interested in purchasing certain FRC research products: those covering 529 college savings plans, alternative investments, target-date funds, industry assets under management by company and distribution channel, sub-advised funds and its “Monitor” research.

The Consumer Reports Sentiment Index remained weak in October, dropping minimally to 47.6 from 48.8 the month before—but showed some glimmers of hope for the economy.

The Hartford is taking part in the upcoming National Save for Retirement Week of Oct. 16 with the “It’s In Your Power Campaign,” based on superheroes. The campaign, aimed at 1.4 million participations in 32,500 plans, shows two superheroes flying around on scooters, enjoying leisure time with friends and family and generally just enjoying being retired.

Advisor Software this week launched goalgamiPro, a web-based financial planning tool that lets advisors create and maintain multiple household balance sheets to help prioritize and access their clients’ long-term financial goals.

ING Financial Partners, ING U.S.’s broker-dealer, has named Andre Robinson as its head of advisory business development and appointed Rich Taylor head of brokerage operations for its advisory business unit.