Special Program Root Tag

Feeling older and fully realizing they have to get serious about preparing for retirement, investors aged 50 and above are an ideal target for fund companies and their sales intermediaries.

Nottingham Investment Administration is one of the few fund administration companies that offers highly responsive, customized accounting and reporting solutions for smaller pools of assets. As such, since 1989, Nottingham has been in the unique position to spot trends and have direct knowledge of the top concerns of the 200 mutual fund, hedge fund and separately managed account portfolios it services.

XBRL

While most broker-dealers and their advisers remain stuck on social media’s sidelines in lieu of any actionable guidance from either the Securities and Exchange Commission or FINRA, Edward Jones is quietly building a legion of “fans” on Facebook, with moderate success, according to a new report by Corporate Insight, a consulting firm in New York.

Institutional investment managers may soon have to report to the Securities and Exchange Commission on what say they have on executive pay at the firms they invest in.

FINRA selected J. Bradley Bennett as its new enforcement chief. Bennett, a partner at the law firm Baker Botts in Washington, will start the job on Jan. 1, taking over from James Shorris, who has been acting chief of enforcement since Susan Merrill left the organization in March.

Business owners are not planning to hire and most advisers are not expecting the economy to recover next year.

NEW YORK—Growth in emerging markets has the potential to outpace the U.S. Baby Boomer explosion by 25 times, and as consumption and infrastructure in these nations builds, specialized emerging market exchange-traded funds will become increasingly viable, said Robert Lutts, president and chief investment officer of Cabot Money Management.

Expert investors and analysts have been saying it for years: economies in the emerging markets have become so sophisticated that the so-called frontier markets are becoming the place to find richer yields.

CI Financial has entered into an agreement to acquire The Hartford’s Canadian mutual fund business, Hartford Investments Canada Corp., which has C$1.75 billion in assets under management. Terms of the deal were not disclosed.

Morningstar has entered into a definite agreement to acquire the annuity intelligence business of Advanced Sales and Marketing for $14.1 million.

Janus’ third-quarter net income rose 296% to $32.5 million, or 18 cents per diluted share, up from $8.2 million, or 5 cents per diluted share, in the third quarter of 2009.

Northern Trust reported third-quarter profits of $155.6 million, a 17% decrease from the $187.9 million earned in the third quarter of 2009 and a 22% decrease from the $199.6 million earned in the second quarter of 2010.

ETF Securities has launched the ETFS Precious Metals Basket, an exchange-traded fund that holds fixed physical weights of gold, silver, platinum and palladium.

Over half of American donors (55%) plan to maintain the same level of charitable giving in the fourth quarter, despite market uncertainty, according to a survey by the Fidelity Charitable Gift Fund, the largest donor-advised program nationally.

After the shocks and bumps of the Great Recession, younger Baby Boomers are already thinking about their retirement plans, and are clear on one thing: When it comes to retirement income, they want guarantees, according Allianz Life Insurance Company of America, which released a study Tuesday.

State Street Corp.’s top executive said the company plan to keep a close eye on regulatory reform as it looks to use such development to bolster its growing asset servicing business.

Investors with at least $100,000 to invest are sorely in need of guidance on fixed income risk, asset allocation and retirement readiness, MFS Investment Management found in a survey of 613 investors.

Aviva Investors has launched the Aviva Investors Core Aggregate Fixed Income and the Aviva Investors High Yield Bond funds.

Assets under management at the 500 largest advisors in the world rose 16% in 2009 to $62 trillion, after contracting 23% the year before, according to Towers Watson and Pensions & Investments.