The non-manufacturing sector saw its biggest one-month drop since they started keeping record in June 1998.
Sun Life Financial's U.S. division announced the creation of a new group and a change in leadership.
One money manager and two exchange operators posted profits in the fourth quarter, while an insurer's earnings headed south.
Iowa will be the first state to join an initiative to provide customers with plain-English disclosures on fixed and indexed annuities.
The number of advisers and brokers considering switching firms was on the rise last year.
While more money flowed into Janus Capital Group's mutual funds in 2007 than out - an occurrence not seen since 2000 - advisers are skeptical about whether the once-troubled fund company has regained its footing completely.
Meet the "schmeek." Financial advisers' increasing appetite for intricate details about the mutual funds and other investment products that they recommend to clients is forcing wholesalers back to school to learn how to talk to advisers.
The manager of the Aston/Veredus Select Growth Fund (AVSGX), B. Anthony Weber, knows that market conditions have been taking a toll on his investment strategy, but he insists that the validity of his approach remains solid.
Variable annuities with guaranteed-minimum-withdrawal benefits allow investors to reduce risk and increase retirement income, according to a recent study.
