...In early April, Charles Schwab launched three new index funds based on fundamental indexes rather than cap-weighted indexes such as the S&P 500. The new funds are Schwab Fundamental U.S. Large Company Index Fund (SFLNX); Schwab Fundamental U.S. Small-Mid Company Index Fund (SFSNX), based on 1500 small- and mid-cap companies; and Schwab Fundamental International Large Company Index Fund (SFNNX). There will be three classes of shares with different minimum investment amounts and expenses.
...Wolters Kluwer Financial Services released CCH Policies and Procedures Investment Adviser Manual Online, a Web-based tool that can help compliance officers create and distribute a compliance manual that meets SEC Rule 206(4)-7, which requires investment advisors to maintain policies and procedures for their investment advisory firms.
...ING has introduced ING Return of Premium Term life insurance, a policy issued by ReliaStar Life Insurance Company that offers individuals term life's death benefit plus the ability to get their premiums back at the end of the policy's term (excluding flat extras).