Bloomberg

Bloomberg
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FINTECH FEB 25, 2009
Navy Federal partners with FundQuest

Navy Federal Asset Management LLC today announced the launch of a new managed account platform in partnership with FundQuest Inc. of Boston.

MUTUAL FUNDS FEB 25, 2009
Eaton Vance 1Q profit down 57%

Eaton Vance Corp. said Wednesday its fiscal first-quarter profit shrank by more than half.

RIA NEWS FEB 25, 2009
Merrill 2008 losses revised up by $533 million

Merrill Lynch & Co. disclosed late Tuesday its 2008 losses were about $533 million more than previously reported, according to a regulatory filing.

MUTUAL FUNDS FEB 25, 2009
Musical chairs at Columbia Funds

Columbia Management Group LLC recently changed portfolio managers at 20 teams that manage more than 55 mutual funds.

REGULATION, LEGAL & COMPLIANCE FEB 25, 2009
Obama begins 'stress tests' of banks

Obama administration begins "stress tests" to gauge the health of America's biggest banks.

LIFE INSURANCE AND ANNUITIES FEB 25, 2009
More boomers buying long term care insurance

The age of long term care insurance purchasers continues to skew downward as more baby boomers buy policies.

LIFE INSURANCE AND ANNUITIES FEB 25, 2009
Chubb settles Mass. kickback case

RIA NEWS FEB 24, 2009
AIG seeks changes in its $150B fed loan

ALTERNATIVES FEB 24, 2009
Paying off a mortgage

A client wants to pay off his mortgage with a retirement account distribution and is wondering about the short- and long-term financial ramifications.

LIFE INSURANCE AND ANNUITIES FEB 24, 2009
Regulators anticipate new rules for insurers