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Global X Funds has launched the Global X Auto ETX (ticker: VROM), which will invest 76% of its portfolio in auto manufacturers and 26% in auto parts and equipment.

Since most participants accept the deferral rates that are automatically set in 401(k) plans, sponsors should increase those rates to at least 6% or higher, The Principal says.

According to a survey conducted by TD Ameritrade, RIAs reported a 7% increase.

Deciding what do to with an old 401(k) or other workplace retirement plan may not seem complicated, but a surprising number of participants do not understand which options are available to them, according to a survey by Fidelity Investments.

Variable annuities sales in 2011 climbed significantly in early 2011, continuing a trend begun last year, and reversing a slide that saw them fall from a high of $184 billion in 2007 to a low of $128 billion in 2009.

If financial advisors really want to increase the likelihood that their clients will commit to and execute on the retirement savings plans they've devised, they should ask less questions, use lots of simple visual aids and talk to them like eight-year-old children.

Corporate cultures will ultimately define how far social media tools go in helping banks and financial services firms deliver services to customers.

Financial institutions should be aware of what investors are posting about their firms to sites like Twitter.

Investors redeem $950 million from equity funds.

Two weeks after First Niagara Financial Group in Buffalo announced it is adding hundreds of jobs in western New York, the CEO of M&T Bank said his company expects to create 133 new jobs ...