While many of the 45.8 million people born between 1965 and 1975 would like help with investing, the 32- to 42-year-old members of so-called Generation X probably won't be receiving much attention from financial firms anytime soon.
Extending the practice of fair-value pricing to indexes is being proposed to create better benchmarks, but some index providers aren't buying that idea.
While many retirees are happier than their counterparts who are working, few who have retired have actually formulated a financial plan for their retirement years.
As early as next year, retirees may see a new hybrid investment product that blends mutual funds with insurance guarantees, possibly signifying an alliance between the two industries.
Some brokers at Merrill Lynch & Co. Inc. and Morgan Stanley have been hesitating to use new advisory options that their firms have deployed as replacements for fee-based brokerage accounts.
Last year, returns at the fund topped 30% after it took over some assets from Amaranth Advisors.
Optimism plummeted to its lowest level in two years this month, according to the UBS/Gallup Index.
The National Conference of Insurance Legislators has announced a new slate of officers.
Top funds operated by Fidelity Investments stopped voting against shareholder resolutions that urge disclosure of corporate political spending for the 2007 proxy season, according to a study by a group that advocates for transparency in political spending.
Kevin Grant has been chosen as senior vice president of business planning services for Jackson National Life Distributors.
