One of American International Group Inc.’s units is considering splitting from the insurer, The Wall Street Journal reported.
AIG reported a net loss of $7.81 billion, or $3.09 per diluted share, for the first quarter of the year.
Advisers may see increasing numbers of mutual fund products that include alternative-investment strategies.
Oklahoma and Connecticut have passed bills to discourage stranger-originated life insurance practices.
The financial crisis is "75% to 85% done,” according to Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co.
More consumers had a positive outlook about the economy, even as concerns about job security grew.
Gamco Investors reported a 45% drop in first-quarter net income to $10.5 million, compared $19.2 million a year ago.
The U.S. trade deficit shrunk to $58.2 billion in March, down from $61.7 billion in February.
A portfolio modeling and rebalancing tool is being built into an upcoming Fidelity WealthCentral Platform.
Larry Herring, Joe Hagen and Kenn Hugos were all legacy A.G. Edwards & Sons representatives in Phoenix.
