Competing in a crowded, cost-focused market, 20-year-old Hennessy Funds is putting an emphasis on distribution.
The idea for a Section 529 college savings plan gift registry came to Jeff Frese last year at a birthday party for his 4-year-old niece.
Last week's order that Next Financial Group Inc. stop violating privacy regulations when recruiting brokers upended a key tenet of independent-contractor broker-dealers: that independent representatives — and not broker-dealers — are at the center of the relationship with the clients.
"We would urge caution for investors attempting to call the bottom in the current environment," a Merrill strategist wrote.
Salesforce.com Inc is going after the independent adviser market with Salesforce for Wealth Management, a customized, adviser-focused version of its popular customer relationship management application.
After more than seven years of tapping into the Internet for the best stock pickers who are willing to run a virtual portfolio, Marketocracy Inc. has produced a top-tier mutual fund that is loosely subadvised by an eclectic group of individuals, most of whom have no connection to Wall Street.
Market turmoil and rising interest rates might kick off a new season for the fixed annuity as the product emerges from the shadow of its variable cousin, an industry expert said.
Bond insurers are in talks with banks, looking to wipe away some $125 billion of insurance on debt securities.
Some international-equity managers are wondering whether the drop in the greenback will continue, while others are beginning to implement currency hedges to protect their portfolios against a rise in the U.S. dollar.
