Fidelity debuted a Web-based tool designed to help advisers create and manage retirement income plans for their clients.
A group of investors in Bear Stearns’ two deflated hedge funds want to replace the funds’ general partner and director.
Nationwide Financial Services Inc. has kicked off enhancements to its Lifetime Income Rider.
ETF Insider's ETF 50 Index increased by 0.6% in August, following two consecutive months of declines.
New York City houses the bulk of the investment banking industry, but it holds second place when it comes to weekly pay.
NEW YORK — NEXT Financial Group Inc., which is in the middle of a scrap with the Securities and Exchange Commission over its use of confidential client information when recruiting representatives, is getting strong support in some corners of the independent-contractor brokerage industry.
CHICAGO — The seemingly endless quest for cost-effective alternative investments has increased the interest in collective trusts among employee benefit plan sponsors and financial advisers, though concern about transparency remains a hurdle.
NEW YORK — Recent market volatility is unlikely to curb investors’ appetite for collateralized debt obligations and other complex securitized-debt products despite the risks, wealth management executives said.
PHILADELPHIA — Despite concerns from financial advisers, more mainstream mutual fund companies are spicing up their fund lineups with products that employ strategies long used by hedge funds.
SAN FRANCISCO — After years of being heralded as the next big thing in banking, reverse mortgages have come into their own, morphing from a mom-and-pop industry to big business in just the last six months.
