Discount broker ups the ante after offering commission-free trades online seven months ago
Josh Kernan, who oversees sales of alternative investments to investment advisers and their clients at Charles Schwab Corp., is leaving the company after 16 years to start a new firm.
The Hartford Financial Services Group Inc. has tapped Jim Davey, head of the company's retirement division, to run its mutual fund business.
Russell Investments moved a step closer to becoming an exchange-traded-fund provider yesterday when it announced that it has appointed James Polisson managing director of its global ETF business and Andrew Arenberg managing director of global ETF distribution.
Asset allocators cut their holdings of U.S. equities this month to levels not seen since 2008 amid concern that the world's largest economy may be weakening, a BofA Merrill Lynch Global Research survey showed.
In an apparent first for the retirement industry, John Hancock Retirement Plan Services is now offering 401(k) participants a choice between target date funds that plan for investments “to” retirement and “through” retirement.
Public response to the Securities and Exchange Commission's proposal to enhance target date fund disclosure has been tepid — even as the public-comment deadline looms three days away.
Bill Gross is managing director and co-chief investment officer at Pacific Investment Management Co. LLC.
Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co., said the U.S. should consider “full nationalization” of the mortgage- finance system.
A London-based provider of exchange-traded funds is planning to launch 18 commodities-based ETFs and a precious-metals basket ETF.
A New York financial adviser pleaded guilty to rigging bids for investments sold to local governments, the fifth person to admit participating in an industrywide conspiracy to profit at taxpayers' expense.
Tool will help ETF providers to focus their marketing and educational materials on the needs of advisers.
Grail Advisors, Claymore Securities bag several smaller funds; more firms to follow suit?
Buyers of government bonds beware. Efforts by central banks to stimulate the global economy are distorting bond and currency prices and causing potential economic dislocation, according to Matthew McLennan, a portfolio manager for the First Eagle family of funds.
Vanguard said Thursday it will expand its index investment offerings with 19 new mutual funds, each with an exchange-traded fund version holding the same stocks or bonds as the companion mutual fund.
A weak economy, dropping stock market and low interest rates are bringing a strong boom to the weakest-rated fixed-income sector — high yield — giving investors top relative returns.
Pimco's Bill Gross said the U.S. government should offer to refinance mortgages for homeowners as a way to stimulate the struggling economy.
