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On April 17, 2012, Investment services provider BNY Mellon was selected by Touchstone Investments to provide a variety of services, including mutual fund accounting and administration, transfer agency, and blue sky services for 14 additional Touchstone mutual funds.
April 17 -
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On April 16, Knoxville, Tenn.-based BPV Wealth Management changws its name to reflect its rapid growth in the asset management business.
April 16 -
On April 16, 2012, a NYSE spokesperson confirmed that J.P. Morgan Commodity ETF Services has filed with the U.S. Securities & Exchange Commission to list on the NYSE Arca an exchange-traded fund based on physical ownership of copper.
April 16 -
On April 14, Touchstone finalized its deal with Old Mutual.
April 16 -
On April 16, 2012, a T. Rowe Price spokesperson confirmed that Robert Gensler, portfolio manager of the T. Rowe Price Global Equity Strategy, which includes the roughly $590 million Global Stock Fund, will retire from the firm on December 31.
April 16 -
Patrick Morris is a veteran hedge fund manager who has come in from the cold.
April 16 -
On April 16, 2012, Federated Investors, Inc. has completed its purchase of the London-based liquidity and fixed-income product manager Prime Rate Capital Management.
April 16 -
Patrick Morris is a veteran hedge fund manager who has come in from the cold.
April 16 -
Emerging markets shop Mirae Asset Global Investments (USA) has named Robert P. Mulligan as Head of Retail Sales and Distribution.
April 16 -
Some firms grow organically, pumping out funds. Then, they hire reps and distributors to market and sell their offerings.
April 16 -
Minneapolis-based Whitebox Advisors, the $2.3 billion asset management firm founded by Andrew Redleaf, is making a concerted push into the Registered Investment Advisor channel with the help of third-party marketing firm Havener Capital Partners LLC.
April 16 -
Last year was a challenging year for mergers and acquisitions between financial services firms, according to PricewaterhouseCooper's latest M&A insights report.
April 16 - Money Management Executive
Mutual fund assets within Defined Contribution Investment Only programs, which are used to support 401(k) retirement plans, have been growing in size and disparity in recent years.
April 16 -
Non-bank financial companies-including mutual fund operators-should get ready to find out whether they will be designated a "systemically important financial institution," aka, SIFI, now that the Financial Stability Oversight Council released final rules on April 3, according to Federal Reserve Chairman Ben Bernanke.
April 16 -
On April 16, the Securities and Exchange Commission charged the former chief financial officer of optionsXpress and three other officials of the online options and futures brokerage of engaging in an abusive naked short selling scheme involving billions of dollars of sham trades.
April 16 -
Morningstar reported on April 13, 2012 that money market funds bled $114 billion in the first quarter, the biggest quarterly outflow since the second quarter of 2010.
April 13 -
MME reports on April 13, 2012: After a long, winding legal road, involving no fewer than six federal court decisions, Ameriprise Financial finally won a suit alleging that it had charged excessively high advisor fees.
April 13 -
On April 13, 2012, MassMutual's Retirement Services Division has added three new sales directors to its sales and client management organization: Dararith Ly; John Randall and Raymond Zittlow.
April 13 -
On April 13, Touchstone revealed its growth plans to MME.
April 13