Moody's Investors Service late yesterday downgraded John Hancock Life Insurance Co. (USA)'s insurance financial strength ratings, citing problems in the carrier's long-term-care insurance business.
Financial adviser Chris Hobart admits that congressional inaction on tax laws had him in “handcuffs,” but he's determined to cast off the shackles and take control
While Bank of America Corp. reported a $7.3 billion loss for the third quarter, the behemoth banking institution's financial advisers saw some improvement in their business in that time.
The former Lehman boss would make a swell replacement for Larry Summers; Cayne, Greenberg, O'Neal possibles, too
<i>The following is an excerpt from the quarterly outlook of Jeremy Grantham, co-founder of $94 billion money manager Grantham, Mayo & Van Otterloo LLC. To read the full quarterly commentary, <a href=http://www.gmo.com/websitecontent/JGLetter_SummerEssays_2Q10.pdf>click here. </a></i>
Co-founder of GMO also slams money management and financial advice firms. 'We have made no fight as we slid down the rathole.'
Despite criticism from some members, the CFP Board has OK'd a fee hike to pay for a $36 million marketing campaign | <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Avis=CI&Dato=20101112&Kategori=FREE&Lopenr=111209999&Ref=PH>Advisers sound off</a>
The wealthiest investors in the U.S. put less of their holdings into structured products than the less affluent, according to a study commissioned by the Securities Industry and Financial Markets Association.
Company's launch in Japan shows that consumers' mindsets have changed radically; rush to the bottom
Solid results from the fixed income markets in 3Q mask the fact that it was yet another roller coaster quarter within another volatile year
A one-two punch of tougher annuity regulations and low interest rates will continue to force insurers to rethink their fixed-annuity operations — and push some out of the market altogether — experts predict
After seeing their retirement savings devastated by the financial crisis, Americans may be more open to annuities as a way to ensure an income stream and protect against market downturns, according to an insurance industry leader.
Charles Schwab Corp., the largest independent brokerage by client assets, reported a third-quarter profit that beat the average analyst estimate. Net new assets coming into the brokerage's Advisor Services unit tailed off in the third quarter, however.
Wealth management company Sanders Morris Harris Group Inc. said Monday that it closed on the sale of its primary capital markets division to Madison Williams Capital LLC.
Tougher regulation in the 401(k) marketplace is driving “401(k) dabblers” out of the plan advisory business, according to an industry executive.
Although it may be one of the less glamorous parts of the JPMorgan Chase & Co. empire, the bank's J.P. Morgan Clearing Corp. subsidiary has done something exciting in the area of technology.
On Wednesday, the independent broker-dealer announced the pricing for its long-awaited IPO. At $30 a share, CEO Mark Casady stands to make a bundle from the sale.
The Federal Reserve will buy an additional $600 billion of Treasuries through June, expanding record stimulus and risking its credibility in a bid to reduce unemployment and avert deflation.
Economic commentary by the Chairman, Portfolio Manager & CIO of the Hennessy Funds
Fund company boss decries 'privatization of massive gains and socialization of enormous losses'
