That’s a 15% decrease from the estimated $4.0 trillion issued last year, according to a SIFMA forecast.
The U.S. economy is in a recession, Merrill Lynch and Morgan Stanley economists wrote in research notes today.
Scores of executives talk about globalization, but lately Ronald O'Hanley seems to be living it.
Putnam Investments is paying the price for calling the bottom in financial stocks too early.
If advisers haven't heard of extensible business reporting language, or XBRL, they soon will.
The SEC is looking at capping the 12(b)-1 marketing and sales charge fees that fund investors pay and is preparing to issue a proposal early this year concerning the approximately $12 billion a year paid in such fees.
Now that annuities are becoming accepted as part of an overall retirement income program, fee-only planners are wondering whether they should sell the products themselves or refer sales to outside agents.
One way or another, the fallout from the subprime mortgage meltdown and the broader credit crunch is expected to alter the complexion of the alternative investments industry in the year ahead.
The fund is designed to give investors exposure to investment-grade municipal bonds with a nominal maturity of 17 years or more.
Online delivery of software tools and data to advisers will be the major focus of 2008 technology innovations, industry experts say.
