Providers will push forward with the development of the income guarantee paired with a unified managed account, and with other vehicles, despite hurdles.
Amegy Bank NA of Houston, and its broker-dealer affiliate, Amegy Investments Inc., have filed an arbitration claim against Merrill Lynch & Co. Inc. of New York.
Insurers are eager to continue developing products in the variable annuity arena — with the search for ways to reduce risk as a top priority.
New York Attorney General Andrew Cuomo may subpoena more executives from Bank of America Corp. and Merrill Lynch & Co. Inc.
Putnam Investments tomorrow will lay off about 260 employees, roughly 10% of its work force, mostly from distribution and operations.
The new hedge fund reality places even greater emphasis on due diligence, but it doesn’t mean that investors should start ignoring or abandoning the alternative asset class.
Advisers are admitting now more than ever before that insurers’ solvency and financial strength are at the forefront in their minds when they recommend products.
After posting another massive loss today, the Swiss bank UBS AG said it will reorganize its wealth management businesses.
