Bloomberg

Bloomberg
Displaying 13208 results
LIFE INSURANCE AND ANNUITIES FEB 26, 2007
Class action litigation looms as new hurdle for EIA insurers

Add class action litigation to the regulatory controversies, bad press and other woes plaguing insurers that sell equity index annuities.

MUTUAL FUNDS FEB 26, 2007
Waddell coy on prospects for a sale

Waddell & Reed Financial Inc., an asset management firm started by two World War I pilots, is winning its turnaround battle so far, but some observers say that the upshot ultimately will be to fix it or sell it.

LIFE INSURANCE AND ANNUITIES FEB 26, 2007
Lifetime-guarantee annuities could end up biting insurers

Industry leaders are concerned that insurance companies are taking on too much risk from annuities that offer guaranteed-withdrawal benefits for the life of the client. Financial services leaders worry that if baby boomers live longer than projected or a downturn hits the market, the financial strength of insurance companies could be threatened.

RIA NEWS FEB 26, 2007
Thomson expands push into wealth management

SAN FRANCISCO — Thomson Financial’s recent acquisition of a Belgian software company is a clear indication of its desire to appeal to higher-end financial advisers, analysts say.

REGULATION AND LEGISLATION FEB 26, 2007
A hidden perk: Antitrust filing fee reimbursement

NEW YORK — In light of new regulations requiring greater disclosure on executive pay, directors are scrambling to justify every nickel spent on perks for the top ranks.

RIA NEWS FEB 26, 2007
Advisers could be fall guys in a $317M ‘Ponzi scheme’

Financial intermediaries could be left holding the bag in the unraveling of what is being characterized as possibly the longest-running Ponzi scheme in U.S. history.

RIA NEWS FEB 26, 2007
SEC cuts fees for trades and registration filings

WASHINGTON — As a result of rising securities trading volumes, the Securities and Exchange Commission is cutting the fees it charges for trades and registration filings by more than 50% for the remainder of the fiscal year that ends Sept. 30.

FINTECH FEB 26, 2007
Vanguard adds online offerings aimed at advisers

PHILADELPHIA — As part of its ongoing efforts to appeal to financial advisers, The Vanguard Group Inc. has added several features to its adviser website.

INDEPENDENT BROKER DEALERS FEB 26, 2007
Royal alums aim to build national firms

Two of the biggest names — and personalities — until recently associated with Royal Alliance Associates Inc. now are attempting to build national firms.

RIA NEWS FEB 26, 2007
Start maximizing clients’ IRA contributions

Two tax laws scheduled to take effect in the near future will combine to create new opportunities for your clients to convert their traditional individual retirement accounts and company plan balances to Roth IRAs.