An insurance policy that provides an income guarantee to holders of a unified managed account at Lockwood is in registration at the Securities and Exchange Commission.
While spending on technology in the financial-services sector won't reach double-digit growth next year, it's likely to outpace growth in spending by many other big sector groups.
As the market-timing scandals recede into financial history, the cautionary practices instituted in their wake could face the same fate.
The Investment Company Institute, the powerful mouthpiece of the mutual fund industry, is trying to torpedo the tax advantages of exchange traded notes, and industry insiders think that it has a pretty good chance of being successful.
The Investment Management Consultants Association has named Garry Bridgeman president for 2008 and 2009.
These days, Legg Mason Inc. is a bit weak in the knees.
Morgan Stanley is adjusting some of its pay policies to comply with a wage-and-hour lawsuit it settled last year.
Many of the retirement income solutions currently being developed by financial services companies involve software — most of which is designed to model financial outcomes once someone has retired.
More advisers are turning toward fixed-income annuities as a new asset when they create retirement plans for their baby boomer clients.
