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America has yet to witness the tremendous societal transformation retiring Boomers will have, as the oldest is a mere 64 and the youngest, 46. But we are beginning to see signs of the tsunami-sized impact this army of 77 million will have on the workplace, the economy, healthcare and even the arts and entertainment.

Citi Names Sawhney Global Head of Funds

Being owned by a bank has handcuffed many mutual fund units. Just don't tell that to JPMorgan Chase & Co.'s J.P. Morgan Funds.

$420B in Retirement Plan, Endowment Assets Expected to Change Hands in 2010

The Securities and Exchange Commission has taken a major step toward structured, automated reporting with its requirement that all money market fund activity be filed using the eXtensible Markup Language (XML) data-tagging format-an aspect of the updated Rule 2a-7 that was overshadowed by its net asset value disclosure requirements.

Electronic trading in the equity markets has grown dramatically in recent years and is expected to continue growing, according to a new survey of institutional equity traders and technologists.

Investors showed uncanny calm, inertia or perhaps even malaise during the recession, with a scant 1% selling out of equity funds at the height of the market volatility in October 2008, Vanguard found.

Baltimore asset management titan T. Rowe Price reported its executives took compensation cuts in 2009, led by CEO James Kennedy, who had his compensation package slashed by 17%.

Nine percent of executives in the finance, insurance and real estate sector plan to hire full-time staff members in the next quarter, a new survey by Robert Half International found. Overall, 10% are planning on hiring, and only 6% are planning layoffs.

The fixed investment mandates of mutual funds and the pressures put on portfolio managers to deliver short-term gains take a head-turning toll on gains. Just take a look at the 20% annualized gains of Berkshire Hathaway over its 45 years of existence.

Long-term mutual funds gained another $10.97 billion in sales in the week ended Feb. 24, the Investment Company Institute said. Sales over the past 50 weeks have been consistently positive and near half a trillion, or $487 billion.

America has yet to witness the tremendous societal transformation retiring Boomers will have, as the oldest is a mere 64 and the youngest, 46. But we are beginning to see signs of the tsunami-sized impact this army of 77 million will have on the workplace, the economy, healthcare and even the arts and entertainment.

Royal Bank of Canada’s wealth management division reported net income of $213 million for the first quarter ended Jan. 31, up 72% from the $91 million from a year earlier, partly due to higher fee-based client assets and some accounting adjustments.

In the face of the shrinking asset management landscape and soaring distribution costs, not to mention the home-office centralization of brokerage firms’ investment choices, fund companies need highly accomplished national accounts teams, according to a new kasina report, “Excellence in Distribution: National Accounts.”

Several years ago, Ameriprise Financial aired a commercial starring Dennis Hopper that targeted its financial planning services at Baby Boomers.

America has yet to witness the tremendous societal transformation retiring Boomers will have, as the oldest is a mere 64 and the youngest, 46. But we are beginning to see signs of the tsunami-sized impact this 77 million-strong army will have on the workplace, the economy, healthcare and even the arts and entertainment.

To attract assets and customers, Bank of America Merrill Lynch has introduced a tool to help employers score how well employees are doing at saving for retirement.

A troubling 72% of workers age 60 or older are putting off retirement because they say they don’t have enough funds, according to a survey of 700 people that Harris Interactive conducted on behalf of CareerBuilder.

The Securities and Exchange Commission is expanding its New York office staff of 360 people by 33, or nearly 9%, in an effort to better regulate hedge funds and brokerages. The SEC will hire 18 additional people in enforcement and 15 in examinations.

Wealthy investors will continue to be careful with their money, Schwab found in a survey of 1,100 independent advisers with more than $252 billion in assets under management, the latest installment in its semi-annual Independent Advisor Outlook Study.