Aug. 17, 2006, was probably the happiest day in the history of the Section 529 college savings plan business.
The big Wall Street firms have been talking a good game about offering advice, but how much worthwhile information will they actually provide in the next decade?
Despite all the noise coming from lawmakers calling for increased regulatory oversight of hedge funds, many involved in the nearly $2 trillion industry don't think that regulators are ready, willing or able to try to get their arms around this increasingly diverse investment category.
The grandest prediction being made about financial adviser technology is that in the next few years, much of the industry's software will speak the same language.
In 2018, the mutual fund business will look much like today's, industry experts predict.
The platform will include eight product solutions, four mutual fund portfolios and the FundQuest ActivePassive Portfolio.
The insurer’s valuation of credit default swaps are in question, according to The Wall Street Journal.
In another blow to a reeling economy, the unemployment rate surged to 5.5% in May, from 5% in April.
Fidelity Investments laid off 550 workers this week, largely from its personal and workplace investing unit and human resource services unit.
