Raymond James' asset-management unit and its bank could be worth close to $4 billion, according to Barrons.
Two mutual funds that offer set payouts and principal guarantees have been launched, with more expected, but financial advisers think the guarantee is flimsy.
Despite a tough stock market and a $3 million bond write-off, Ameriprise Financial Inc. managed to increase its earnings substantially last quarter — thanks in part to sales of proprietary products.
If Charles Massimo had it to do all over again, he still would choose to leave Smith Barney and become an independent broker.
Democrat leaders hope to add changes the House’s $146 billion version, but acknowledged they do not have 60 votes necessary to do so.
Operational complexity was identified as the second-leading factor holding back the growth of 529 plans.
The factory sector grew in January, marking the 75th straight month of expansion according to the latest ISM report.
U.S. employers cut 17,000 jobs in January, according to a report released by the Department of Labor.
The company has bought HedgeWorks, a Southern California hedge fund with more than $10 billion in assets.
Net income for the New York Mercantile Exchange increased 50% to a record $63.5 million in the last quarter.
