With the life insurance industry recovering from a year of falling revenue, as sales of variable annuities, universal- and variable-universal life insurance all off, carriers are gearing up to make some changes.
The Minnesota Commerce Department claims that the insurer sold 541 contracts worth $28 million that weren't OK'd by state
The senior executive vice president in charge of Wells Fargo & Co.'s Wealth Management, Brokerage and Retirement Services Division made the bulk of his pay from an option award and a retention bonus.
Senate Banking Committee Chairman Christopher Dodd, D-Conn., is expected to introduce new financial reform legislation this week that excludes applying a fiduciary standard to brokers offering investment advice.
The Securities and Exchange Commission's expected move to regulate placement agents as broker-dealers instead of prohibiting investment advisers from using them won't curb influence-peddling, some critics say.
Everybody dies. Not everybody plans for it, though. That's where financial advisers come in. Few professionals are as well positioned to offer guidance on this sensitive topic — or to steer clients to specialists such as estate planners or attorneys. Indeed, financial advisers, who meet with clients on a regular basis, sometimes for years, can play a pivotal role in getting them to get their affairs in order long before they face their own mortality.
Former Merrill Lynch CEO John Thain, who brokered the investment bank's controversial sale to Bank of America, is taking over as chairman and CEO of CIT Group as the commercial lender continues to restructure its business following a brief stay in bankruptcy protection last year.
The aging of America is going to hit equity markets like a tsunami moving at a glacial pace.
Steep rate hikes are coming for long-term-care policies written a decade ago.
Even as long-term care costs skyrocket, many Americans have unrealistic plans for how they expect to pay for those services, according to a new survey from the Life Foundation.
Philipp Hensler, the top U.S. executive for New York-based DWS Investments, has left the firm.
Banking giant Wachovia Corp. will pay $160 million to settle a federal investigation into laundering of illegal drug profits through Mexican exchange houses in the largest case of its kind ever brought against a U.S. bank, prosecutors said Wednesday.
Much of the industry's underperformance in 2009 can be attributed to uncertainty about potential health care reform legislation. Now? Things are looking up
New data finds that more than 2 million individual life insurance policies were sold via the Internet, direct mail and telephone.
Twenty years ago, investment adviser Greg Merlino woudn't take on clients unless they had at least $250,000 of investible assets.
It would be a mistake to assume that the economic woes facing Greece are reasons to avoid investing in some of the less developed parts of Europe, according to Vladimir Milev, manager of the Metzler/Payden European Emerging Markets Fund Ticker:(MPYMX).
The nascent secondary market for annuities and their guaranteed benefits could be stunted as the result of a vote last week by state insurance regulators to allow carriers to terminate the annuity benefits if a client sells the contract.
Boston financier Jeff Vinik has agreed to buy the Tampa Bay Lightning.
When Rodger Lawson officially steps down as president of Fidelity Investments at the end of March, the company may not act to fill the position immediately, industry experts predict.
