Financial planning

FPA and foundation for financial planning forge closer ties: The Financial Planning Association and the Foundation for Financial Planning are forging closer ties in their efforts to foster public understanding of the value of financial planning.

by Bob Rywick

by Melissa Klein

AXA to Acquire MONY for $1.5B in Cash: Financial services giant AXA Financial Inc. has signed a deal to acquire The MONY Group Inc. for roughly $1.5 billion in cash.

by Bob Rywick

by Melissa Klein

FPA to Launch Independent Organization for Broker/Dealers: The Financial Planning Association Board of Directors and the FPA’s Broker/Dealer Advisory Council have agreed to launch an independent organization to serve the needs of broker/dealer and registered investment advisor firms that serve independent contractor representatives.

by Bob Rywick

by Melissa Klein

Survey says College is Low on long-term savings Totem Pole: Most parents and grandparents aren’t saving enough for their children’s and grandchildren’s college education, and they aren’t willing to put off retirement to pay for it, according to a survey by OppenheimerFunds Inc.

by Bob Rywick

by Melissa Klein

FPA Lauds Disclosure of Fund Conflicts, Urges NASD to Expand Disclosure: The Financial Planning Association has lauded a rule that was proposed by the National Association of Securities Dealers to expand disclosure of sales incentives by stockbrokers in the sale of mutual fund shares, but said that it doesn’t go far enough.

by Bob Rywick

by Cynthia Harrington

E*TRADE to Rebate Fund Fees: Online broker E*Trade announced plans to rebate half of the fees that it usually collects from its mutual fund shareholder customers to lure investors.

Atlanta - Non-wrap mutual funds were cited as the most widely used investment product, both in terms of the number of practitioners using mutual funds and the percent of client assets allocated to funds, according to a report by the Financial Planning Association and Financial Research Corp.

by Bob Rywick

by Melissa Klein

Former Block Exec Named Investors Management Group Prexy: Investors Management Group, an institutional asset management firm focused on serving foundations, endowments, financial institutions, insurance firms and public funds, has named James I. Mackay as its president.