News Feed

Guggenheim Partners and Rydex/SGI announced Wednesday that Guggenheim will acquire Rydex in the first quarter of 2012 and combine its asset management capabilities under the name Guggenheim Investments. Once the deal is closed, Guggenheim Investments will have $119 billion of assets under management. Terms of the acquisition were not disclosed.

Long-Term funds netted $2.13 billion in the week ended Sept. 14, according to the Investment Company Institute.

Fidelity Investments announced Wednesday it has received commitments for an additional $17 billion in 401(k) assets under management from 269 plans representing 315,000 participants. More than $15 billion of those assets are due to new sales, with the remaining $2 billion the result of mergers and acquisitions by existing clients.

Charles Schwab is augmenting the fund asset, trading and sales information it provides to more than 600 mutual fund clients through a partnership with Access Data, a Broadridge company. The additional information will be available on Schwab’s Mutual Fund OneSource and Mutual Fund Marketplace platforms.

Planning to maximize Social Security benefits is becoming a service that clients expect advisors to provide, according to a new survey from a Nebraska-based software provider.

The Securities and Exchange Commission has approved the proposal of a new rule designed “to prohibit certain material conflicts of interest between those who package and sell asset-backed securities (ABS) and those who invest in them.”

Janus Capital Group has unveiled a new online retirement income distribution tool aimed at helping financial advisers keep their clients’ retirement income evenly flowing for more than 30 years.

A new report by the Investment Company Institute shows that over the past four months, a staggering $75 billion has been withdrawn from equity mutual funds.

Schwab's Advisor Services division has developed a suite of new resources to help financial advisors navigate the legal and regulatory issues that arise when making the transition to an independent Registered Investment Advisor (RIA) practice.

Most major corporations have "significant security gaps that leave sensitive board-level information open to information theft and hacking," according to the governance, risk and compliance unit of Thomson Reuters.