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.
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.
The fund is designed to give investors exposure to investment-grade municipal bonds with a nominal maturity of 17 years or more.
Schwab Institutional will seek to acquire or partner with more technology vendors, a strategy that follows a doubling in the company's tech budget in 2007.
Western money managers are pouring into the Middle East in hopes of luring its fast-growing pools of petrodollars.
A woman's place is in the House and Senate, said the late feminist and congresswoman Bella Abzug. Today, include the marketplace as well.
The mutual fund industry will let its hair down this year, introducing ever more exotic, hedge-fund-like products that make even greater use of complicated vehicles such as derivatives, according to some industry experts.
Peter Smyth is now senior vice president and director of strategy, development and operations for international wealth management.
Fixed and variable annuity sales at banks rose to $4.2 billion in October, a 14% gain.
The inflows slowed substantially as investors poured more money into exchange traded funds.
