Special Program Root Tag

While only 32% of U.S. executives believe the stimulus plan has had any effect on the economy so far, 49% believe it will kick in during 2010, Deloitte found in a survey of 343 managers.

Robert McCann, the new head of UBS Wealth Management Americas, has called on some long-serving Merrill Lynch executives to help turn around the division.

Many parents are looking for more conservative options in 529 plans and are even thinking of forfeiting the tax breaks the plans offer and investing money on their own in bonds, fixed annuities or real estate, The Wall Street Journal reports.

Investors would be wise to work with mutual fund managers who pay close attention to macroeconomic investment trends when the market is declining and microeconomic factors when the market is rising, according to three New York University Stern professors, Marcin Kacperczyk, Stijn Van Nieuwerburgh and Laura Veldkamp.

Senate Banking Committee Chairman Chris Dodd (D-Conn.) launched a tough opening salvo Tuesday in the regulatory reform debate, unveiling legislation that would go well beyond other plans to redraw the financial services regulatory map.

When it comes to college planning for their children, women drive the planning process, but many take a back seat on finances, OppenheimerFunds found in a nationwide survey of 1,658 parents.

The addition of non-managed assets to a unified managed account could be the next step in the product's evolution, but some industry providers are skeptical whether the interest in stock-picking right now is enough for this enhancement to take off.

Although target-date funds could possibly be better designed and perhaps have less disparity between their equity exposure and glidepaths, they are not to be held responsible for the current retirement shortfall many people are now facing, according to Manning & Napier. Rather, no mutual fund could adequately shield investors from the near collapse of the U.S. financial system, according to the firm.

At the National CCOutreach that the Securities and Exchange Commission is planning at its Washington headquarters on Jan. 26, the challenges faced in turbulent markets will be discussed, along with trading oversight and annual compliance reviews.

Astor Asset Management, known for its Astor Long/Short Balanced ETF Fund, has launched the Astor Long/Short ETF Fund, which takes a macroeconomic approach.

Throughout 2009, DST Systems, Inc. has celebrated 40 years of providing market-leading solutions to the mutual fund industry. In recognition of this milestone, Money Management Executive asked DST's senior leadership to identify ways investment management companies can maximize the value they deliver to their stakeholders by leveraging the strengths and resources of a service provider.

Putnam Chief Executive Officer Robert Reynolds is once again sounding the call for a new approach to 401(k) investing, inclusive of annuities and other retirement income products. This time, he is asking Washington to create a national insurance charter that will ensure consistent regulation for assured income products.

Plan sponsors are becoming more aggressive about helping their workers save for retirement, and even investment advice is now commonly offered, Hewitt Associates found in a survey of 300 mid- and large-sized companies.

Schwab Offers Commission-Free ETFs

With investors and employers alike still shaken by retirement plan losses, despite the market's rebound since March, Prudential Financial is hoping a bundled package of products inclusive of guaranteed retirement income can help it draw assets from a skeptical marketplace.

Broadmark Lands Cortez As Distribution President

Last week's Supreme Court case has once again brought mutual fund fees to the national spotlight, but a decision by the court might not come for several months, if it comes at all. And judging from the justices' comments, they appear reluctant to get involved in the day-to-day workings of fund companies and more inclined to trust the judgment of fund boards, the purview of the Securities and Exchange Commission and the workings of the free market.

NEW YORK - A little-known provision in international financial reporting standards (IFRS) could require mutual funds to consolidate and report the financials of the companies they invest in, if they own a controlling interest across all of their individual funds.

Affiliated Managers Group has acquired a 5% stake in Value Partners Group of Hong Kong, marking AMG’s first foray into China.

The Conference Board Employment Trends Index rose for the second month in a row in October, by 0.7%, reaching 89.3. From a year ago, the index is down 13.2%.