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The majority of Americans say they want and need income replacement projections for their retirement but most have neither access to that data nor an understanding of how to translate their 401(k) savings into a stream of retirement income, according to an online survey of more than 1,000 401(k) investors by J.P. Morgan.

Fidelity Family Office Services has formed a partnership with Foundation Source to offer back-office services to the asset custodian’s 140 single-family office clients.

Teucrium Trading, the issuer of six single-commodity exchange-traded products, has received an investment from private equity and venture capital firm Sun Mountain Capital.

Investors are interested in innovative investments that meet specific principals, according to a study by CREATE Research, commissioned by Citi’s global transaction services and Principal Global Investors.

Is a mutual fund company responsible for the statements made in a prospectus for one of its funds? Is the manager of the fund? Possibly not, in either case.

The Financial Services Authority in mid-June sent out a letter to the top brass of over 200 wealth management firms in London telling them to clean up how they store financial and background data on retail clients. Many had apparently not been making suitable investment decisions for their customers.

Retirement as we know it is getting hit with two enormous threats.

RidgeWorth Investments has added two additional sales executives to the six it recently hired for its newly created retail channel sales team led by Bob Kuberski, with Michael Reynolds and Mitchell Izumi joining the firm.

Public fallout from the data breaches that have affected Citigroup and other large enterprises has reached the political push back stage. Sen. Patrick Leahyhas introduced the Personal Data Privacy and Security Act of 2011, which would bring federal criminal charges against enterprises that don't disclose breaches to individuals in a timely manner via mail, telephone or e-mail. Media notices would be required for breaches involving 5,000 or more people. And the FBI and Secret Service would need to be notified if the breach affects 10,000 or more people, compromises databases containing the information of 1,000,000 or more people, or impacts federal databases or law enforcement. In the House, Rep. Mary Bono Mack has introduced a similar bill requiring disclosures to victims within 48 hours of a data breach.

While retirement income is fast becoming the No. 1 concern of retirees and pre-retirees, trumping worries over rates of return and control over money, a mere 9.5% of financial advisers are addressing the issue in depth-missing out on a vital way to form and cement relationships with those entering into retirement, according to Fidelity Investments.