CHICAGO — Pension consultants and third-party administrators want bundled providers, including industry giants such as Vanguard and Fidelity, to disclose their revenue-sharing arrangements with affiliated service providers, but the bundled providers are balking.
IRVINE, Calif. — Credit market turmoil has soured the outlook for the securities industry through next year. The fallout from the subprime-mortgage mess continues to roil much of Wall Street’s product origination and trading side.
Leasing often represents the alternative to making an investment in a non-financial asset. In many cases when the asset is essential, such as with a car or home, we can perform a buy-versus-lease analysis to determine which approach to take. Here I examine leasing’s strengths and weaknesses, and evaluate its uses for the car or home.
NEW YORK — Investors surveyed by Spectrem Group admitted to reading at least one Internet blog to obtain financial information.
NEW YORK — Workers know they need financial planning, and they are looking at their employers to guide them to sound decisions, according to a study from Ameriprise Financial Inc. in Minneapolis.
CHICAGO — Financial advisers play a big role in directing individual retirement account rollovers. Fully 67% of individuals who completed a rollover during the two-year period through April did so with the help of a professional adviser, according to a study released Aug. 23 by Spectrem Group in Chicago.
PHILADELPHIA — Even though he was aware that it would violate their contracts, Gary Black, chief executive of Janus Capital Group Inc., told the company’s portfolio managers last October that they would receive pay cuts, according to a lawsuit filed last month.
IRVINE, Calif. — Critics of the industry arbitration system want the Financial Industry Regulatory Authority to require that “public” arbitrators have no ties to the industry. In a rule awaiting approval at the Securities and Exchange Commission, New York- and Washington-based FINRA has proposed limiting to $50,000 a year the amount of revenue a public arbitrator could receive from brokerage firms for handling customer disputes.
PONTE VEDRA BEACH, Fla. — Thanks to the largesse of the FedEx Cup, the best retirement plan in sports just got better.
A judge denied bankruptcy protection for its two failed hedge funds and refused to protect the firm from U.S. lawsuits.
