In its zeal to improve protection of retirement plan participants from bad advice and conflicts of interest, the Department of Labor is proposing a rule change that, though well-intended, is too broad and may leave some participants more vulnerable than they already are
Even though the conventional wisdom in Washington is that Congress won't get around to major tax reform until after the presidential election, financial and insurance companies, and adviser groups are working feverishly to build the foundation for that policy battle
The cumulative wealth of the world's richest households will more than double, to $202 trillion over the next ten years, according to a study conducted by the Deloitte Center for Financial Services and Oxford Economics.
Turnkey technology and wealth management provider Envestnet Inc has entered into an agreement to acquire the U.S.-based portion of FundQuest Inc. from BNP Paribas Investment Partners for $24.4 million in cash for all outstanding shares of the firm.
AIG shares vastly undervalued, analyst says; specter of government ownership still a turn-off
Savers with cash in longer-term certificates of deposit are losing out to inflation, according to Market Rates Insight
Case against insurer dismissed, but wording in ruling likely to trigger more litigation, regulatory probes
Insurers among the few that buck industry trend of sending survivors checkbooks -- rather than lump-sum checks
Bill requires insurers to disclose how much money they stand to make off the float; 'corporate greed'
Subpoenaeas MetLife Inc. and Prudential Financial Inc. for information on practice of generating investment income off survivors' death benefits
Survivors given checkbook accounts, while insurers retain the assets; 'turning death claims into a profit center'
Bank of New York Mellon and Wells Fargo have both sued Securities America -- along with other B-Ds -- over the sales of MedCap private placements. In an internal e-mail obtained by <i>InvestmentNews</i>, here's what SA boss Jim Nagengast said about the litigation.
Corporate mandate to slow accelerating sales seen as prudent, but advisers express concerns
What do Ben S. Bernanke and his fellow Federal Reserve monetary policymakers not see?
Following a long run-up, commodities last week suffered their largest declines in almost two years, paring this year's gains to about 10%
Legendary stock-picker Jeremy Grantham didn't get famous for being wrong very often. So when he says two unrelated events could break the commodities market 'en masse,' it's worth taking note.
Financial services firms — many with operations in Japan — are opening their corporate pockets in response to the country's disasters.
Broker-dealers, get ready. Your back-office operations are now officially on Finra's front burner
Despite a devestating earthquake, blackouts, powerful aftershocks and growing concerns about radiation poisoning, U.S. financial firms in Japan say it's 'business as usual.'
An 8.9 magnitude earthquake struck off the east coast of Japan about a half an hour before the local stock markets closed. The massive quake sent oil prices falling and European shares tumbling.
