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LIFE INSURANCE AND ANNUITIES OCT 22, 2008
Ambac installs new chief executive

Ambac Financial Group Inc. of New York has selected David W. Wallis as its new president and chief executive.

FINTECH OCT 21, 2008
Go forth and blog, advisers urged

Independent financial planners are poised to “own” the personal finance market, but that is partly contingent on advisers getting up to speed and becoming more comfortable with the Internet and blogging technology.

LIFE INSURANCE AND ANNUITIES OCT 21, 2008
Jackson announces rise in sales

Jackson National Life Insurance Co. of Lansing, Mich., today announced that it generated $11.2 billion in total sales and deposits during the first nine months of the year.

RIA NEWS OCT 21, 2008
Leading indicators went up in September

The Conference Board’s index of leading indicators rose 0.3% in September after declining over the previous five months.

RIA NEWS OCT 21, 2008
Barclays rebrands Lehman index family

Barclays Capital is combining its family of indexes with those of Lehman Brothers under the Barclays Capital Indexes name, said Waqas Samad, head of Barclays Capital’s index products group.

RIA NEWS OCT 21, 2008
U.S. Bancorp, BlackRock, Ohio banks

U.S. Bancorp reported that its third-quarter earnings fell 47% to $576 million, or 32 cents a share, from $1.1 billion, or 62 cents a share, in the year-ago period.

LIFE INSURANCE AND ANNUITIES OCT 20, 2008
ING spins off Taiwan insurance biz

ING Groep N.V. said today that it would sell its Taiwanese life insurance business to Fubon Financial Holding Co., a Taipei-based financial services firm.

PRACTICE MANAGEMENT OCT 20, 2008
October Week 3: Holding biweekly updates for top clients

In this third installment of October’s “Communicating in a time of crisis,” consider a conference call using resources provided by product companies.

RIA NEWS OCT 20, 2008
LPL snags major AIG broker network

The AIG Advisor Group has seen a massive defection from one of its broker-dealers, involving a network of reps that produced more than $41 million in gross revenue last year.

MUTUAL FUNDS OCT 19, 2008
Managers' cash weighting drops along with market

For some portfolio managers, the upside of all the recent market turmoil is that almost everything suddenly looks cheap.