Financial advisers are fuming over a letter The Hartford sent to clients which entices them to swap their variable annuities for a replacement. Why so angry? Advisers say the new VA actually strips away generous guarantees.
The Securities and Exchange Commission's proposal to revamp 12(b)-1 fees may not be as draconian as feared, but it would eliminate a cost-efficient choice for investors, said Chet Helck, chief operating officer of Raymond James Financial Inc.
The party's almost over for the raucous debt markets, predicts Mark Gilbert. And the endgame is going to leave bond investors with a doozie of a headache.
Days of Nasdaq offerings trouncing S&P 500 at an end; 'looking for the next Google' -- and not finding it
Settlement of N.J. suit seen as opening salvo in crackdown on lax disclosure; 'harbinger'
A former broker at Merrill Lynch & Co. and Citigroup Inc. lost a bid to throw out his conviction for selling access to his brokerages' internal “squawk boxes” after arguing prosecutors hid evidence of his innocence.
Computer and software shares have slumped to the lowest valuations in two decades, a sign to Barclays Wealth and UBS AG they will rebound as Standard & Poor's 500 Index companies start spending their record cash.
The technology sector has gotten cheap, according to Allison Thacker, who manages $1.4 billion in growth portfolios at RS Investments.
BlackRock Inc., the world's biggest asset manager, named Rich Kushel as head of portfolio management and Charles Hallac as chief operating officer, reshaping its leadership team after the purchase of Barclays Global Investors.
With the launch of WealthOne, National Planning Holdings Inc.'s network of four broker-dealers has a major new set of tools at its disposal.
