Special Program Root Tag

Three years ago, just before the credit crisis, many Americans were using home equity lines of credit like cash machines. And at that time, Bank One, now part of JPMorgan Chase, proposed allowing individuals to withdraw small sums from their 401(k) retirement plans through debit cards.

New York Life Insurance has hired three in its retirement income security group.

PHOENIX-Exactly who will create and enforce a new, uniform fiduciary standard for not just brokers, but investment advisers, as well?

Cloud computing. Mobile devices. Social media. They're arguably the three hottest topics in technology today.

With the Securities and Exchange Commission beginning to post money market funds' shadow net asset values last Monday on Form N-MFP, fund companies and even the Investment Company Institute have been actively trying to educate investors about small variances in value down to the fourth decimal point to prevent investor concerns and possible redemptions.

SAN DIEGO – After a difficult three years, advisers have a lot to be optimistic about.

AXA Rosenberg said it agreed to pay $217 million to cover investor losses as well as a $25 million civil penalty, in a settlement with the Securities and Exchange Commission regarding a coding error with its risk model.

NYSE Euronext said that its equities trading in the U.S. and its derivatives trading worldwide were down in January, compared to a year ago.

Tax-exempt money market funds fell $2.34 billion to $324.39 billion in net assets in the week ended Jan. 31, according to the iMoneyNet's Money Fund Report.

TD Ameritrade has agreed to distribute approximately $10 million to customers who continue to hold shares of the Reserve Yield Plus Fund, a mutual fund which famously "broke the buck" on the net value of its assets in September 2008.

Russell Investments on Thursday debuted the Russell Stability Indexes, a mix of both defensive and dynamic stocks.

Americans’ outlook on the current condition of the national and local economies has improved somewhat, a survey of 2,002 adults conducted by Hart Research Associates for Citibank shows.

Global X Funds has launched the Global X FTSE Andean 40 ETF.

Even with a long-term shift to passive investing, "managed solutions" packaging exchange-traded funds should also grow rapidly, said Scott Burns, Morningstar's ETF expert.

PHOENIX-- About 40 years ago, they were told to cut their hair and find a real job.

Long-term mutual funds netted $7.9 billion of inflows in the week ended Jan. 26, the Investment Company Institute said Wednesday.

Just over one-third, 34%, of Americans have no retirement savings, and 27% have no personal savings, a November 2010 survey of 2,151 by The Harris Poll found.

Assets held in exchange-traded funds crossed $1 trillion for the first time, at the end of January, according to statistics kept by the National Stock Exchange.

Fidelity Investments on Wednesday announced a new website, “Income Answers” (www.fidelity.com/incomeanswers), to help plan participants nearing or living in retirement manage their money responsibly so that they will have enough income to live on throughout their retirement.

Alpine Woods Capital, advisor to the Alpine Mutual Funds, has launched the Alpine Global Consumer Growth Fund, which will concentrate on opportunities in consumer products and services throughout the world.