Subject Root Tag

PALM DESERT, Calif. -- The establishment of a fiduciary standard that applies to how broker-dealers should care for their customers is not likely to come until after the one-year anniversary date of passage of the 2010 Dodd-Frank Wall Street Reform Act that required it.

PALM DESERT, Calif. -- Eileen Rominger, in her first appearance before a gathering of members of the mutual fund industry’s largest trade group, said that compliance with existing and forthcoming rules as well as robust regulation of these is essential to achieving and maintaining the trust and confidence of investors.

There is a strong correlation between fund stewardship and performance, Morningstar found in its 2011 Mutual Fund Stewardship Grade research study, which examined more than 1,000 funds from 40 fund complexes.

PALM DESERT, Calif. -- It’s been three years since the collapse of Bear Stearns – which occurred on the eve of the 2008 Investment Company Institute Mutual Funds and Investment Management Conference.

Vanguard is planning to launch an actively managed emerging markets equity fund that will be managed by four investment advisors.

U.S. Bank Wealth Management has hired Daniel J. Rauchle as head of investment management in its Ultra High Net Worth Group. In this role, he is in charge of portfolio construction, asset allocation, manager due diligence, risk management and investment communication.

Invesco has introduced PlanForward Foundations, a set of three toolkits to help advisers grow their defined contribution business.

Hedge funds around the world are ramping up their technology spending to provide better service to the growing mix of institutional clients they serve and to ensure they're well prepared to adequately meet increasing compliance and regulatory requirements.

Advisors must be good writers. Here's a blueprint for success.

Dreyfus has launched the Dreyfus Total Emerging Markets Fund, which will invest in equities, bonds and currencies. The fund will be managed by investment boutiques of Dreyfus parent company BNY Mellon Asset Management, with Standish Mellon Asset Management running the fixed income and currencies portion of the portfolio and The Boston Company Asset Management running the equities portion.

The market's 3% decline in the week ended March 19 may be the low from which the market will rebound, according to BlackRock Chief Equity Strategist Bob Doll.

It's almost exactly four years since the financial crisis began to erupt. On March 21, 2007, the Dow Jones Industrial Average stood at 12,278.73, as the first indications that the subprime mortgage market might crater had surfaced. On March 21, 2011, the Dow closed at 12,039.10, a mere difference of 1.95%.

The 171 respondents to the 2011 Money Management Executive Compensation Study were asked to express themselves in their own words on their level of satisfaction with their total compensation (base salary, bonus and benefits).

In Money Management Executive's first survey of its readership on their personal "profit" from this industry, the piggy bank looks full to about half the executives and managers polled ("Half Satisfied," p. 1). And not, to the other half.

Great-West Retirement Services has appointed Scott T. Waite as regional sales director for 401(k) plans in the metro Detroit and western Michigan market. Waite reports to Scott Barnett, regional vice president.

Despite all the dire warnings from financial advisers, relatives and the federal government, most Americans still aren't saving anywhere near enough money to afford the dignified retirement they all claim is so important to them and, worse, most don't even have any idea exactly how much they'll need even if they were to begin saving today for their golden years.

Investors in externally managed and sub-advised accounts could save about $1 billion a year in commissions paid to brokerage firms by their fund managers. So says UAT, a Denver-based technology firm specializing in the externally managed and subadvised industry. Incumbent commission management firms disagree.

Elizabeth MacLean and Jason Duko will work at the firm's Newport Beach, Calif., headquarters.

One in six of the 145 million tax returns that the IRS expects to be filed for the 2010 tax year will include a Schedule C for self-employed filers, and many of them will no doubt be subjected to an IRS audit.

The Bank of Commerce in Wood Dale, Ill., became the nation's 26th failed bank of the year late Friday.