Subject Root Tag

Three hires come from Morgan Stanley Smith Barney and another advisor joins from Oppenheimer & Co.

Commonwealth Cares currently has a little under $1 million to support its initiatives.

Lazard Asset Management has launched two new fixed income funds, the Lazard Emerging Markets Debt Portfolio and the Lazard U.S. Municipal Portfolio.

Loomis Sayles has launched the Loomis Sayles Absolute Strategies Bond Fund, which Natixis Global Advisors will distribute in the U.K. and Europe.

The fund will invest in money market and investment-grade debt.

House Ways and Means Committee Democrats introduced a bill on Thursday that would reinstate Build America Bonds, the higher small-issuer limit for bank-qualified bonds, and six other bond, tax credit and loan guarantee programs.

Tax-exempt money market funds saw modest inflows of $639.9 million in the week ended March 7, increasing total net assets to $323.67 billion, according to the Money Fund Report, a service of iMoneyNet.com.

At once soft-spoken and matter-of-fact, Bank of America CEO Brian Moynihan spoke about his first year at the helm.

Several bankers spoke directly with top Fed officials on Thursday, arguing that if they finalized their interchange rule, it would gut industry profits and hurt consumers.

Empowering the SEC to adequately monitor markets would help restore some faith in the U.S. capital markets, according to the industry group.

The new plans come as Baird plans to grow its advisor force by 150 in the next several years.

Insurance companies and investment firms offering retirement services to companies large and small are learning that attention to detail, an improved communication with plan sponsors and, indirectly, plan participants can dramatically improve their customer retention and satisfaction rates.

Saxo Bank announced it has reappointed Steen Jakobsen as its chief economist after leaving the Danish bank in early 2009 where he served as chief investment officer at Limus Capital Partners.

The MICG Investment Management of Newport News, Va., and barred its chief executive and majority owner, Jeffrey A. Martinovich, from the securities industry.The move, signaled in February and announced Thursday, follows what the independent regulator of brokers said was misuse of a hedge fund, for personal enrichment of Martinovich and general enrichment of the company.

The fund will invest in money market and investment-grade debt.

Lincoln Financial Group is recommending that workers use the 2% reduction in Social Security tax as additional retirement savings. It joins the company of The Hartford and ING which have made similar recommendations.

The campaign showcases three of the firm’s top-performing funds.

Industry veteran will head Russell’s defined contribution business.

While it may be true that some banks are stockpiling cash, high reserve levels are more a consequence of the reluctance to lend than the cause.

Every few years we begin to see headlines proclaiming the latest “New Retirement.” I have to admit there have been so many versions over the past 20 years that I sometimes get confused as whether they’re talking about the “new retirement,” the “new, new retirement,” or the “newest, new retirement.”