Subject Root Tag

What will it take for Americans to think of the words “women” and philanthropy” in the same sentence?

The average account balance for pre-retirees, aged 55 years or older, rose to $211,300 by the end of the third quarter from $96,000 ten years ago.

Investors are displaying renewed faith in mutual funds, Strategic Insight says.

With the continued growth of the global real estate crisis, debt from the economic collapse in the sector could be a diamond in the rough for the institutional masses, Mercer said Wednesday.

New money flowing into foreign equity funds offsets withdrawals from those that invest in U.S. stocks.

In September, the Basel Committee on Banking Supervision announced new standards to raise required common equity ratios to 7% by 2019, and have regulators implement the new capital rules by 2013.

The central bank aims to send an encouraging sign to investors: the economy is stable and the giant banks are safe. It's a gamble with some downsides.

NEW YORK - The main driver for the global economy is coming from emerging markets, said investment experts at Morgan Stanley Smith Barney at a breakfast Wednesday on the firm's outlook for next year.

Joe Moglia, was introduced Wednesday as the president and head coach of the expansion Virginia Destroyers of the United Football League.

BlackRock has launched the iShares MSCI Russia Capped Index Fund, completing its suite of BRIC single-country funds.

Charles Schwab Bank, a trust and custody service provider to 401(k) and other retirement plans, has added the Schwab Institutional Diversified International Trust Fund to its suite of collective trust funds.

According to Janus, the ending point of glidepath is just one of several mysteries surrounding target-date funds.

Morningstar has named Peng Chen, president of its Ibbotson Associates unit, president of its global investment management division. In this role, Chen will be responsible for the company’s investment consulting, retirement advice and investment management operations in North America, Europe, Asia and Australia, including Morningstar Associates, Ibbotson Associates, Morningstar Investment Services, Old Broad Street Research and Seeds Finance.

Despite the increasing proliferation of target-date funds in employer-sponsored retirement plans, many sponsors aren’t very knowledgeable about the funds, Janus found in a survey.

Chen, who was president of Morningstar’s Ibbotson Associates unit, will oversee the company’s investment consulting, retirement advice, and investment management operations in North America, Europe, Asia, and Australia, including Morningstar Associates, Ibbotson Associates, Morningstar Investment Services, Old Broad Street Research, and Seeds Finance.

There is an extra wrinkle of complexity this year as the 2001 and 2003 Bush tax cuts are set to expire at the end of the year. Many members of Congress have expressed support for extending these tax cuts to some, if not all, taxpayers either temporarily or permanently. Without Congressional action, tax rates will rise to as high as 39.6% on ordinary income and 20% on capital gains.

Industry groups are urging the Securities and Exchange Commission to reject a proposal from the Municipal Securities Rulemaking Board to provide it with an additional $17 million in revenue annually by nearly doubling the amount of transaction fees it collects from dealers.

As markets continue to be volatile, Putnam believes investors will be more focused on reducing risk and earning returns that beat inflation.

Nearly half of the nation's chief financial officers and senior controllers polled by global CPA and business advisory firm Grant Thornton say that the U.S. should not adopt international Financial Reporting Standards until after U.S. GAAP and IFRS have converged to the point where the differences are inconsequential - a time frame of between five to seven years.

Winkler joined UBS in 2003 from Credit Suisse First Boston where he specialized in TMT M&A for five years. He began his career in July 1997 at Deutsche Morgan Grenfell as a member of the M&A team.