Two insurers, hoping to attract baby boomers heading into retirement, have introduced variable annuity products that guarantee a hefty 7% return on the holder’s investment in each of the first 10 years of the contract.
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.
Many young advisers have taken it upon themselves to pave their own path into the financial advice industry.
Schwab Institutional will provide free portfolio re-balancing software to financial advisers who use its custody services.
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.
The college savings plan industry once again has unveiled a wide array of marketing campaigns for the back-to-school season, with many plans emphasizing the benefits of 529 plans in light of upcoming changes in the “kiddie tax.”
For young financial advisers looking to earn their stripes, a lack of gray hair and wrinkles could have some clients concerned about taking advice from someone as young as their child — or even grandchild.
The subprime-mortgage crisis, pushed along by the high-profile collapse of two Bear Stearns Cos. Inc. hedge funds this summer, is turning out to be a boon for money managers looking to pick up bargains.
Market strategists and advisers are closely watching the equity markets for what may be a fundamental shift in favor of large-cap and growth stocks.
Last March, Scott Hanson picked up his telephone, listened to an offer and promptly declined it.
