Fidelity Co-op Bank Must Set Up $3.5M Investor Relief Fund
The $1.1-billion Ponzi scheme required investments of $280 or $1,375 in TelexFree, according to Massachusetts and federal authorities.
How to Join 9,000 Taxpayers With Romney-Sized IRAs
If it seems impossible to amass a fortune in an IRA during your lifetime, think again.
Great-West Names President of New Retirement Group
Edmund F. Murphy III to tackle the U.S. retirement savings challenge as president of one of the largest providers in the U.S. defined contribution market.
CFP Board Hires Loper to 'Strengthen' CFP Mark
John Loper will be director of corporate relations, playing a key role in encouraging top firms' "preference for and investment in CFP certification."
Clearing Firms Join the Robot Race
Robo-advisors and other new technologies are transforming the clearing space.
New Hire Roundup: Piccone to Lead SEC Exam Program in Denver
In other personnel moves, WBI promoted Matt Woehnker, and David Brierwood joins the Preqin board.
Fidelity to Pay $12 Million to Settle 401(k) Suits
Fidelity's own employees alleged the mutual fund giant charged excessive fees in the company’s own 401(k) plans.
American Century Hires Former Goldman Exec as Global Products Chief
The Kansas City, Missouri-based fund family taps Glen Casey to expand products and sales.
New Hire Roundup: Women in ETFs Announces Board Members, Leaders
Also in new hires, FNEX has named Neal Wolkoff to its newly formed board of advisors.
The Benefits of Total Return
The case for including dividend stocks in client portfolios remains strong. Many of the advantages were shared in a Fidelity Investments research report, “Equity Total Return: Lower Volatility in the Longer Term.”