News Feed

The 171 respondents to the 2011 Money Management Executive Compensation Study were asked to express themselves in their own words on their level of satisfaction with their total compensation (base salary, bonus and benefits).

When financial advisers think of Eagle Asset Management, the firm wants them to think of independent, steadfast and effective investments.

In Money Management Executive's first survey of its readership on their personal "profit" from this industry, the piggy bank looks full to about half the executives and managers polled ("Half Satisfied," p. 1). And not, to the other half.

Great-West Retirement Services has appointed Scott T. Waite as regional sales director for 401(k) plans in the metro Detroit and western Michigan market. Waite reports to Scott Barnett, regional vice president.

Despite all the dire warnings from financial advisers, relatives and the federal government, most Americans still aren't saving anywhere near enough money to afford the dignified retirement they all claim is so important to them and, worse, most don't even have any idea exactly how much they'll need even if they were to begin saving today for their golden years.

Investors in externally managed and sub-advised accounts could save about $1 billion a year in commissions paid to brokerage firms by their fund managers. So says UAT, a Denver-based technology firm specializing in the externally managed and subadvised industry. Incumbent commission management firms disagree.

Elizabeth MacLean and Jason Duko will work at the firm's Newport Beach, Calif., headquarters.

One in six of the 145 million tax returns that the IRS expects to be filed for the 2010 tax year will include a Schedule C for self-employed filers, and many of them will no doubt be subjected to an IRS audit.

The Bank of Commerce in Wood Dale, Ill., became the nation's 26th failed bank of the year late Friday.

Experts in white-collar crime said they would be surprised if at this point the government started rounding up bankers en masse to face criminal charges.