Josh Brooks, chief investment officer for large-cap equities at Putnam Investments, is leaving the firm.
The price index for personal consumption expenditures increased 0.3% for the second consecutive month in October.
Mr. Strangfeld, currently vice chairman of Prudential, now runs all of the company’s U.S. businesses.
The third-quarter economy expanded at its fastest pace in four years, growing 4.9%, according to a Department of Commerce report.
Individual life insurance premium sales jumped 20% during the third quarter, according to LIMRA International.
The dollar rose against the euro this morning, trading at $1.4743, up from $1.4841 yesterday.
Banks will not displace wirehouse channels, but will receive a larger share of growth and assets.
Legislation allowing donations from IRAs to individual charities will not include donations to donor-advised funds.
The portal gives advisers access to fund attribution analysis, portfolio commentaries, portfolio holdings analysis, and sector/security attribution.
Sales of existing homes fell in October pushing supply of homes to the highest level since 1985.
