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Posted yesterday.
Excerpt: "Monday marked the last day the public could offer comments on whether the SEC should adopt a universal fiduciary standard for both investment advisers and broker-dealers -- a highly controversial proposition for those in the financial advice business." (Investment News; free registration required)
Tags:   retirement
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Posted on Aug 26, 2010 (7 days ago)
Excerpt: "The Principal Financial Group has launched a Web site to help educate advisers and sponsors about the [DOL's] new fee disclosure regulation." (PLANSPONSOR.com)
Tags:   retirement
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Posted on Aug 25, 2010 (8 days ago)
John Hancock Advisers, LLC Provides Statement on Auction Rate Preferred ...MarketWatch (press release)... John Hancock Funds, manages more than $54.7 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for ...
Tags:   retirement vendors
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Posted on Aug 25, 2010 (8 days ago)
8 pages. Excerpt: "On July 1, the Securities and Exchange Commission (SEC) voted unanimously to adopt a rule designed to curb 'pay-to-play' practices by investment advisers who seek to manage money for state and local governments." (Thompson Hine LLP)
Tags:   retirement
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Posted on Aug 24, 2010 (10 days ago)
New York Times (blog)Fidelity College Cost Study Shows Advisors Help Parents SaveInvestment AdvisorAs many parents dip into retirement savings to pay for their children's college educations, the parents who work with a financial advisor are saving more ...More families seeking advisers for 529 help: FidelityInvestmentNewsMore parents saving for collegeBoston GlobeFidelity® Provides Income-Based College Savings Guidelines as Study Shows ...Business Wire (press release)Minneapolis Star Tribune (blog) -Fortune (blog)all 14 news articles »
Tags:   retirement vendors
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Posted on Aug 24, 2010 (10 days ago)
More families seeking advisers for 529 help: FidelityInvestmentNewsFidelity's Fourth Annual College Savings Indicator research is based on a national sample of 2562 families with children 17 or younger. ...More parents saving for collegeBoston GlobeFidelity® Provides Income-Based College Savings Guidelines as Study Shows ...Business Wire (press release)Here's how much you should save for college.Minneapolis Star Tribune (blog)Fortune (blog)all 13 news articles »
Tags:   retirement vendors
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Posted on Aug 23, 2010 (10 days ago)
Excerpt: "Robert Isbitts, chief investment advisers for Emerald Asset Advisors in Weston, Fla., also objects to putting retirement savings on autopilot. 'Target-date funds don't have the ability to adapt to changes in the broad financial market environment,' he says. 'In retirement investing, like life, hurdles and surprises come at you, and you have to adapt.'" (AARP)
Tags:   retirement plan types
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Posted on Aug 22, 2010 (11 days ago)
401(k) plan withdrawals zoom. Fidelity could take the lead in reforming a system that primarily benefits mutual fund families and plan advisers.
Tags:   retirement blogs
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Posted on Aug 15, 2010 (18 days ago)
Advisers bullish on auto IRA measureInvestmentNewsJohn Hancock Financial Services Inc. and The Principal Financial Group Inc. are already big players in the small-plan marketplace, said Tom Modestino, ...and more »
Tags:   retirement vendors
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Posted on Aug 13, 2010 (20 days ago)
John Hancock Funds Educates Financial Advisers with Behavioral Finance ProgramPR-CANADA.net (press release)... John Hancock Funds manages more than $54.6 billion in open-end funds, closed-end funds, private accounts, retirement plans and related party assets for ...and more »
Tags:   retirement vendors
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Posted on Aug 3, 2010 (30 days ago)

CalSTRS and Relational Seek Four Board Seats at Occidental
RiskMetrics (blog)
31, 2009, the company's five largest holders were: Fidelity Management & Research, Blackrock Global Advisors, Davis Selected Advisers, State Street Global ...

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Tags:   fidelity
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Posted on Jul 21, 2010 (43 days ago)
As the Senate passed the Financial Reform Bill (aka FinReg) 60-39 last Thursday, many investors and financial advisors are speculating about how this legislation may affect the financial services industry—specifically the relationship between investment advisors and retail consumers. FinReg was passed for three vital reasons: to end the “too big to fail” mentality, to protect the taxpayer by ending bailouts, and perhaps most importantly to protect consumers from unscrupulous financial practices. Some advisors fear that the implementation of a fiduciary standard will somehow inhibit investment opportunities and give the SEC overpowering regulatory authority. It is important to note that passing FinReg does not automatically create a fiduciary standard for investment advisors; it merely tasks the SEC with engaging in a six-month study to determine whether brokers provide investors with advice under a fiduciary standard (as defined in the Investment Advisers Act of 1940). In my eyes, that six month period gives Wall Street a chance to ‘fight back’ against these game-changing rules, or prepare for them, or some combination of both. But what would a fiduciary standard really mean for advisors? It would create an environment in which brokers and advisors must choose “the best” option for their customers as opposed to merely a “suitable” option which is currently how the rules work. The “best” option, as defined by The Committee for Fiduciary Standards would be an option that: puts the clients interests first, that doesn’t mislead clients (discloses all facts), and that avoids conflicts of interest. Essentially, the fiduciary standard would create a more honest and efficient relationship between the advisor and the consumer. Specifically, the fiduciary standard would affect areas such as 401k plans. The way most defined-contribution plans currently work, there is a direct conflict of interest between plan participants and the brokers who provide advice about the plan. Brokers who implement retirement plans typically ...
Tags:   retirement blogs
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Posted on Jul 14, 2010 (50 days ago)

ifaonline.co.uk

FundsNetwork to develop shared corporate/retail platform
ifaonline.co.uk
Gary Shaughnessy, Fidelity MD of UK DC and retail, says the move would be helpful to the growing number of advisers with client assets spanning both sides ...

...
Tags:   fidelity
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Posted on Jun 30, 2010 (64 days ago)

FundsNetwork eyes retirement market
FT Adviser
Fidelity FundsNetwork is looking to include retirement products on its platform as it positions itself for the next decade, Ed Dymott, head of UK fund ...


Tags:   fidelity
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Posted on Jun 21, 2010 (73 days ago)

Merrill Edge Discount Brokerage Debuts Today
Financial-Planning.com
The brokerage giant intends to compete with Fidelity and Schwab, where, Merrill advisers tell WSJ, the more sophisticated investors experiment with “play ...

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Tags:   fidelity
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Posted on Jun 19, 2010 (75 days ago)

Don't worry; mutual funds protected from bad advisers
Minneapolis Star Tribune
So, even if Wells Fargo Investments, Vanguard, Fidelity or some other major financial institution got into trouble, you're still the owner. ...


Tags:   fidelity
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Posted on Jun 17, 2010 (77 days ago)

BofA Seeks 'Edge' With Merrill Rivaling Schwab, Fidelity Online
BusinessWeek
Users may open investment and retirement accounts on the site and those with more than $20000 to invest may contact advisers, who are separate from Merrill ...

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Tags:   fidelity
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Posted on May 28, 2010 (98 days ago)

Schwab Advisers Play Psychologist for Clients Burned Too Often
Bloomberg
By empowering individual investors at the start of the bull market, he and Bogle and Fidelity's marquee investor Peter Lynch inadvertently created a monster ...

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Tags:   fidelity
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Posted on May 24, 2010 (102 days ago)
Don't panic. Think long-term. Corrections are normal. Financial advisers find themselves dispensing calming words and holding hands with uneasy investors as the stock market extends its biggest decline in more than a year.
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Posted on May 13, 2010 (112 days ago)

Regulatory Wire: To create a successful new regulatory regime, the biggest ...
RIABiz
The Employee Retirement Income Security Act of 1974 is the framework for the fiduciary regulations governing advisers who work with pension plans. ...

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Tags:   fidelity
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Posted on Apr 26, 2010 (129 days ago)
Financial advisers are not responsible for figuring out a retiree's required minimum distribution.
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Posted on Mar 24, 2010 (162 days ago)

Roth IRAs Swell as Income Limit Is Lifted
TheStreet.com (subscription)
... Schwab's director of retirement products. According to a Fidelity survey, 40% of investors working with tax advisers are eligible to take advantage of ...

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Tags:   fidelity
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Posted on Feb 27, 2010 (188 days ago)

Daily Mail

JEFF PRESTRIDGE: Only banks will win if mutuals die
Daily Mail
Investment house Fidelity has caught the attention of investors and financial advisers with the impending launch of its China Special Situations investment ...

...
Tags:   fidelity
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Posted on Feb 26, 2010 (188 days ago)
The Obama administration on Friday proposed new regulations aimed at protecting workers' retirement savings from unethical financial advisers.
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Posted on Jan 22, 2010 (223 days ago)

Friday Links: Venture's Bad Year
BusinessWeek
Wachovia Retirement Focus Your Retirement Now and Speak to a Retirement Specialist! Allstate ® Auto Insurance Are you overpaying? Find out. ...
Dollar and precious metals at a glanceBusinessWeek
...
Tags:   fidelity
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