Wealth management executives at Citigroup and UBS, two of the financial institutions hardest hit by the subprime loan crisis, are working overtime on damage control to protect their lucrative franchises.
Most everyone in the financial industry wants to move from paper to electronic documents, but firms that have rolled out systems to do so — and the broker-dealers providing technical assistance — agree that it will take one to three years to recoup the investment of capital in hardware, in software, and in the time needed to train staff and integrate the new systems into firms' work flow.
The Hartford Financial Services Group announced changes to its flagship variable annuity and its sales force.
Stephen J. Barrett is now senior vice president and chief marketing officer of Eaton Vance Distributors Inc.
Introduced five years ago, the Rydex S&P Equal Weight Exchange Traded Fund opened the gates to investments pegged to indexes that use some measure other than market capitalization to determine company weightings.
The volatile stock market has created a period of frenzy for financial advisers in the 401(k) area, who have seen a substantial increase in the number of new prospects.
The estimated $2.75 trillion IRA roll-over market is poised for significant growth in assets and is expected to take on more prominence in advisers' practices.
Independent-contractor broker-dealers are gnashing their teeth over the possible consequences of an updated professional code of ethics for certified financial planners, coming this summer.
Backing up computer files is a vital but tedious way to protect a financial practice.
The time is drawing near for comments requested by the Department of the Treasury regarding changing the taxation of exchange traded notes and other prepaid forward contracts.
