-
Charles Schwab's total client assets increased $35 billion to $1.68 trillion at the end of April, up 11% from the year-ago quarter and up 2% from March, a reflection of the overall strength of the stock market last month.
May 13 -
The Bloomberg Consumer Comfort Index fell to -46.9 in the week ended May 8, as rising gas prices are making Americans worried about their personal finances. This was the index’s worst reading since March, Bloomberg said. The comfort index’s range is from -100 to +100.
May 13 -
Janus has launched the Janus Real Return Allocation Fund, which seeks to provide total returns in excess of the rate of inflation over a full market cycle. Janus will co-manage the fund with Armored Wolf.
May 13 -
The group is preparing to judge the inaugural Pro Bono Awards while conducting annual evaluation of grant applications
May 13 -
A group of Democratic members of the House, led by Rep. Carolyn McCarthy (D-NY) and Rep. Rush Holt (D-NJ), has written to the Department of Labor criticizing a new rule that would redefine the term fiduciary in the Employee Retirement Income Security Act of 1974.
May 13 - Money Management Executive
Fund investors added $27 billion to U.S. stock and bond funds in April, up from the $23 billion they invested in March, according to Strategic Insight.
May 13 -
Nearly 150 hand-picked and already highly successful Bank of America Merrill Lynch financial advisors next month will embark on what amounts to retirement training boot camp at The Retirement Advisor University (TRAU) in pursuit of a Certified 401(k) Professional designation to further their defined-contributions expertise and differentiate themselves from other DC practitioners.
May 13 -
Its asset management business, which includes the Pacific Investment Management Co., saw net fee and commission income rose by 14.5%, to 1.1 billion euros ($1.4 billion), pushing up operating profit to 528 million euros, or 13.3%.
May 13 -
Unified Managed Accounts skyrocketed over 100% in the last year, and at double the rate of any other segment, but they are still only 6% of the $2 trillion industry.
May 13 -
The TNS Investor Confidence Index declines to 113 in April.
May 13
