A handful of recent studies show some encouraging signs about how Americans are investing for retirement. But there's also plenty in the data that worries me. Company stock is still too popular. A joint report conducted by the Employee Benefit Research Institute and the Investment Company Institute ICI was quick...
SLA announced its 2007 Class of SLA Fellows. This award is given to mid-career professionals in recognition of past, present, and future service to the association and the profession. The recipients are Terri Brooks, Patricia Cia, Toby Pearlstein, Gail Stahl, and Wei Wei. Brooks...
To: LABOR EDITORSContact: John Hall of American Bankers Association, +1-202-663- 5473, Jhall@aba.com; Jason Hammersla of American Benefits Council, +1- 202-289-6700, JHammersla@abcstaff.org; Jack Dolan of American Council of Life Insurers, +1-202-624-2418, JackDolan@acli.com; Judy Schub of The Committee on Investment of Employee Benefit Assets, +1-301-961- 8682, jschub@afponline.org; Ted Godbout of The ERISA...
The Securities and Exchange Commission has been grumbling about mutual fund reform for months, promising a renewed look at the independence of fund boards, the chaotic presentation and delivery of prospectuses and, most prominent, how 12b-1 fees are used. Of all these pots simmering on regulators' stoves, none seems more...
Mutual fund fees and expenses fell last year to the lowest levels in 25 years, according to the Investment Company Institute ICI, a trend, which is likely to continue in the years ahead. The lower fees and expenses reflect the investment market's changing priorities and dynamics,...
Of all the economic trends in our country today, none is more potentially far-reaching politically than the fantastic growth of tax-deferred 401k retirement accounts. Introduced in 1981, these investment plans have contributed mightily to the nation's growing investor class, especially among middle- and lower-income Americans, broadening ownership of the economy,...
James S. Riepe, a voice for ethics in the mutual fund industry and vice chairman of T. Rowe Price Group Inc., plans to retire this year. He steps down after 24 years with T. Rowe as the Baltimore-based company has been transformed into an international money management firm...
Byline: Sara Hansard WASHINGTON - Martin Flanagan, president and CEO of AMVESCAP PLC, the parent company of AIM Management Group Inc. of Houston and INVESCO of Atlanta, has been elected chairman of the Investment Company Institute for a one-year term. ...
Byline: Sara Hansard WASHINGTON - Americans who continuously maintained their 401k accounts from 1999 to 2004 had balance increases averaging 36% during one of the worst bear markets since the Great Depression. That is the chief...
Shaw Retires *John Shaw, president of Jefferies Group, has resigned. Shaw, 58, spent 22 years with Jefferies, serving as its president for the past five. During his reign, Shaw oversaw the transformation of Jefferies from a firm known primarily for its cash equities trading into an integrated investment...
George L. Divel III has joined the Baltimore branch of GunnAllen Financial as a vice president of investments. He had been a financial adviser with Morgan Stanley. The Investment Company Institute in Washington has appointed Peter J. Gunas III as director of retirement security and tax policy. He had...
Call the numbers listed for more information. For other seminars, see the classifieds on pages 76-81. Investment Company Institute Securities Law Development Conference. DEC. 6-7. Washington. www.futuresindustry.org. (202) 466-5460. Advanced Execution Strategies: Algorithmic Trading and Direct Market Access. DEC. 8. New...
Byline: Frederick P. Gabriel Jr. Obviously, Paul Schott Stevens isn't afraid of a little controversy. As the new president of the Investment Company Institute, the 51-year-old Mr. Stevens is joining the organization amid major upheaval ...
WASHINGTON, Aug. 9 /U.S. Newswire/ -- The average ongoing 401k account grew by 29.1 percent in 2003. The change, reported in new publications from the Employee Benefit Research Institute EBRI and the Investment Company Institute ICI, reflects both added contributions and changes in the value of assets already contained...
RECENT HEADLINES to the contrary, a prominent industry economist says mutual funds have actually gotten cheaper for the retail investor over the last quarter century. Brian Reid, deputy chief economist at the Investment Company Institute, has crunched the numbers and found that since...
By Mark Minton, The News & Observer, Raleigh, N.C. Knight Ridder/Tribune Business News Feb. 27--State Treasurer Richard H. Moore is continuing his campaign to reform Wall Street, pressing mutual funds to reveal how much shareholder money they spend on lobbying. ...
Byline: Jeremy Adams in New York Proposals to toughen US policy towards soft-dollar payments are set to put pressure on asset management firms' profitsn, according to a new report.The Investment Company Institute ICI, the US investment industry group, has put forward a series of...
Sep 16, 2003 (The Asian Wall Street Journal - ABIX via COMTEX) A study conducted by a researcher at Stanford University, shows that the practice of "late trading" is used by more funds than previously thought. Eric Zitzewitz, assistant professor of economics at the...
Jun 26, 2003 (The Asian Wall Street Journal - ABIX via COMTEX) In the US, new legislation will force fund managers to disclose the amount of fees shareholders are charged. Under the Mutual Funds Integrity and Fee Transparency Act, the Securities & Exchange ...
Byline: Jeremy Adams in New York and Alistair Graham Legislation introduced in the US to make the investment industry more transparent will encounter opposition from asset managers this week.Congressman Richard Baker, head of the house capital markets subcommittee, has introduced the Mutual Funds Integrity...
