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Risk management software firm Algorithmics said that it will work with Societe Generale Corporate & Investment Banking to develop a counterparty credit valuation adjustment product that SocGen can use to actively price and manage counterparty credit risk across all asset classes.
October 6 -
A majority of married couples in their 60s lack the knowledge about how to maximize their Social Security benefits and whether or not to expect Social Security advice from a financial planner.
October 6 -
BNY Mellon Shareholder Services has launched Mobile Proxy Voting, enabling client companies to extend electronic proxy voting to smartphones, tablets and other web-connected mobile devices.
October 5 -
ING knows people of all ages are now virtually tethered to their smartphones and tablet PCs, so its rolling out a new program to help employees instantly enroll in their employers retirement plans.
October 5 -
A senior executive with FINRA sought to tamp down the concerns that many investment advisors have raised about empowering the self-regulatory organization with oversight of the sector, pledging that significant reforms would accompany any such transition.
October 5 -
Barclays Wealth has continued its hiring streak of U.S.-based professionals focusing on Latin American ultra-high-net-worth clients.
October 5 -
Of the many policy issues surrounding the investment advisor sector, few are more charged than the question of where regulatory authority should properly be housed. And those divergent viewpoints were on full display at the annual advocacy summit hosted by the Financial Services Institute.
October 5 -
A doctoral candidate and his advisor from Texas Tech University won the Retirement Income Industry Association's first Thought Leadership Award, the association announced at its fall conference Tuesday.
October 5 -
Investors appear to have switched gears from focusing on replenishing their balances from 2008s market downturn to taking all of the responsible steps to prepare for retirement, according to Principal Financial Groups analysis of retirement plan participants behavior in 2010.
October 5 -
One or more Internet users claiming to be the digital activist group known as Anonymous Hackers said overnight that it intends to take down the New York Stock Exchanges public website next week.
October 5 -
A top official with the Labor Department defended the controversial plan to expand the definition of "fiduciary" to cover people providing advice to retirement plans on a commission-based model, a proposal strongly opposed by industry groups representing independent broker-dealers and advisors.
October 4 -
When it comes to retirement income, clients are concerned about rising health costs, and they probably also should be concerned about long-term care, said a top executive of Merrill Lynch's Retirement Income Program, in a keynote address at the Retirement Income Industry Association's fall conference.
October 4 -
Top economists who spoke here at the Insured Retirement Institute annual conference told attendees to brace for fundamental paradigm shifts as they wait for global and domestic economies to stabilize.
October 4 -
Merrill Lynch, Pierce, Fenner & Smith Inc. has been fined $1 million for supervisory failures that allowed a Texas broker to run a Ponzi scheme.
October 4 -
Marketing expert Marie Swift details a strategy that works for financial advisors and allied professionals who are interested in serving families with significant wealth. And while this strategy works especially well for that demographic, the truly high-net-worth crowd, there are also applications for advisors who serve the middle-market millionaire and mass affluent.
October 4
Impact Communications -
Renaissance Capital has installed trade surveillance software from Redkite Financial Markets.
October 4 -
State Street said it acquired Complementa Investment-Controlling AG, a Swiss supplier of investment performance measurement and analytics services.
October 4 -
CME Group said it set new monthly records for clearing both interest rate swaps and credit default swaps.
October 3 -
The Securities and Exchange Commission is warning broker-dealers it will scrutinize the procedures they use to ensure they don't run afoul of the new market access rule when dealing in subaccounts used by disreputable day traders.
October 3 -
MassMutual Retirement Services 2011 campaign to prompt 401(k) participants to save more has succeeded in boosting deferral rates by 4.34%. It also was aimed at getting those who were not saving into the game, and helping those with portfolios to revisit their allocations.
October 3
