Hedge funds lost 1.31% in August, marking the first negative returns since July 2006, according to HFR.
Seniors may want to sell their homes and move in with relatives as a way to reduce overhead expenses.
The iShares S&P National Municipal Bond Fund from Barclays Global Investors won’t be the last.
The SEC has approved a FINRA rule intended to improve B-D sales practices for purchases and exchanges of deferred VAs.
Life insurance brokerage agencies could save up to $377 million annually in agent licensing costs if Congress were to adopt legislation.
As floor traders clad in jackets and ties vanish from the New York Stock Exchange, they are being replaced by people like Sam Johnson, a technology whiz kid who goes about his business wearing jeans and cowboy boots.
Jerry Castellini is quick to acknowledge that his investment firm’s specialty, large-cap-growth stocks, has been “the single worst-performing asset class” since he co-founded CastleArk Management LLC in 1999.
Diane Mix Birnberg, president of Chicago-based Horizon Cash Management LLC, didn’t plan it this way.
One day last month, while the Dow Jones Industrial Average was sinking over subprime-mortgage concerns, financial adviser Frank McGovern was relaxed, and the phones of his McLean, Va., office were quiet.
An industry-friendly 401(k) fee bill could be drafted soon in the House Ways and Means Committee to avoid some of the more-onerous provisions of an earlier bill.
