Internet start-up Personal Capital is out to prove that mutual funds and face-to-face financial advice are obsolete. (At center, CEO Bill Harris, with Jim Del Favero, VP, product management (seated) and Ehsan Lavassani, engineering director.
The Dept. of Labor's bid to strengthen the fiduciary standard for advisers to retirement plans and IRAs became a political football. Now the DoL has agreed to revise and "re-propose" its proposal. Was the football fumbled... or stripped?
While vacationing in the upper Rio Grande Valley this summer, I caught two good-sized trout and a glimpse of my fantasy retirement. (Photo of the author by Lisa Higgins).
Concerned that your insurance company might be designated a SIFI (Systemically Important Financial Institution)? Then read Deloitte's primer on SIFIs. Here's a synopsis and a link.
Investors have been asking Moody's if variable annuity issuers have made their products safer, and how Moody's evaluates the safety of VA guarantees. For answers, Moody's turned to the issuers themselves.
"Ten years of well-behaved markets can have less impact on the ultimate success or failure of a portfolio than a couple of outlier months of extreme returns," says Russell Investments in a new report on dynamic asset allocation.
The SEC enforcement staff sent S&P a Wells notice, which gives companies the chance to make the case why charges are unwarranted.
Joan Driscoll, a 24-year industry veteran with 18 years of experience at New York Life, has been promoted to lead the new effort as managing director of client strategy.
Investors are using technology for pre-work before contacting a financial professional, to check up on their advisor and to monitor their advisor’s account management, the consulting firm has found.
'Last year, DFA and BlackRock were the only Stars in our mutual fund company commitment ranking,' said Cogent principal John Meunier. 'This year, a total of four firms made it into the top tier.'
Brief or late-breaking items from DST, New York Life, CEIBA, and Putnam.
Proponents of 401(k) reform met defenders of the status quo in a Senate Finance Committee hearing on Sept. 15. The reforms have some justification, but they could hurt the very people who decide whether to sponsor a plan or not.