The Department of the Treasury has hired The Bank of New York Mellon Corp. to be the custodian that will implement its $700 billion economic-stimulus package.
A crisis communication team is a group you can call on for valuable input on what to say to clients
Advisers need to brace themselves for more changes in and scrutiny of 401(k) plans, particularly as investors have witnessed their nest eggs dwindle dramatically in recent weeks, according to one retirement expert.
The latest data, released today by ForeclosureRadar.com, show the number of default notices filed against California homeowners plummeted 61.8% in September from August, and slipped 36.4% from a year ago.
The Securities and Exchange Commission has reopened the comment period for its proposed rule on federal regulation of index annuities.
Insurance revenue at banks jumped by 9.5% to $23.7 billion in the first six months of the year, according to the American Bankers Insurance Association.
Some representatives and advisers wonder whether their broker-dealer will be able to cut it, and broker-dealer executives are dealing with the trials — and prospects — presented by the financial-markets crisis.
In the wake of a negative report on the Securities and Exchange Commission's oversight of brokerage firms, the brokerage industry is bracing for tougher regulation.
About 300 financial advisers packed the meeting room for the Financial Planning Software Show-down during the Financial Planning Association's national conference in Boston last week.
Inflation is no longer the nation's chief economic problem; it is deflation, according to Jeffrey L. Knight, deputy head of investments and chief investment officer at Putnam Investments of Boston.
