Given the market downturn, it may appear to investors that there are screaming buys, but investment managers are largely staying defensive, with many favoring the consumer staples category.
Actively managed exchange traded funds may finally start to take off as mutual fund companies look to differentiate themselves in a tough market, according to some industry experts.
A new law that gives retirees greater latitude in taking required minimum distributions could have negative tax implications, according to advisers.
With AIG shedding a number of its businesses to pay back government loans, its money management unit — which runs more than $111 billion in global assets for external retail and institutional clients — appears to be the next business to be put on the block by the distressed insurance giant.
Charles Schwab & Co. late last month began waiving fees or reimbursing expenses on its $30.5 billion U.S. Treasury Money Fund, which is used as a sweep account by many clients for their free credit balances — but you had to be something of a detective to discover the move.
Investing according to strict environmental, social and governance principles is fast gaining acceptance among U.S. investors.
If financial advisers are trying to figure out where to find decent returns in the equity markets this year, they might want to seek out Tom Forester — the only portfolio manager whose mutual fund produced a positive return last year.
The departure of Ellyn McColgan after just 10 months as president and chief operating officer of Morgan Stanley's Global Wealth Management Group robs the company of some much-needed client service talent, a consultant said.
A National Association of Insurance Commissioners executive group last Thursday vetoed a proposal from the insurance industry to loosen required capital and surplus levels.
