Raymond James Financial Inc. of St. Petersburg, Fla., last month rolled out a series of research reports on variable annuity riders designed to help its reps sort through the confusing array of products.
The securities industry work force is not noticeably more diverse today than it was two years ago, even as the nation's largest investment firms strive to hire more women and minorities, according to a new survey.
The unveiling of the revised Internal Revenue Service Form 5500 comes with both relief and trepidation.
Bear market mutual funds have come out of hibernation. For the 30 days through last Monday — the day major stock market indexes ended 10% down from their October peaks, signaling a market correction — the bear fund category had risen 11.27%, according to Morningstar Inc. of Chicago.
Crude-oil prices may be skyrocketing, the dollar plummeting and housing sinking, but money matters will be of great importance to only 17% of Americans when they make their New Year's resolutions for 2008, according to a survey conducted by Country Insurance and Financial Services of Bloomington, Ill.
The price index for personal consumption expenditures increased 0.3% for the second consecutive month in October.
The firm will change its pay policies to comply with a wage-and-hour lawsuit the firm settled last year.
Morgan Stanley co-president Zoe Cruz is the latest casualty of the mortgage crisis, leaving after 25 years at the firm.
Josh Brooks, chief investment officer for large-cap equities at Putnam Investments, is leaving the firm.
