JPMorgan Chase & Co. said Friday it earned $3.28 billion in the last three months of 2009, extending a winning streak for big U.S. banks.
The Securities and Exchange Commission has obtained an emergency court order freezing the assets of a Minneapolis money manager and a nationally syndicated radio personality for allegedly operating a foreign-currency-trading scheme.
Nationwide Financial Network, the sales and marketing arm of Nationwide Mutual Insurance Co., has pushed back by three months the previous deadline for 200 independent financial advisers to find new broker-dealers.
SunAmerica Retirement Markets Inc., the AIG subsidiary, has released two new variable annuity riders — and the company vows to compete with rival carriers to grab advisers' attention.
Two major life insurers are providing disaster relief to Haiti by making donations to the earthquake-ravaged republic.
BrightScope Inc., a provider of 401(k) plan ratings, last week introduced an online tool that provides investors and financial advisers with personalized data about how much they are paying in fees in retirement plans.
Focus Financial Partners, armed with $50 million in new capital from private-equity backers, said last week that it has bought an interest in Bridgewater Wealth and Financial Management LLC.
The hearings of the Financial Crisis Inquiry Commission are off to a poor start, generating a whole lot of heat but not much light. If its chairman, Philip Angelides, and the other members of the commission don't
To say merely that the world economy is much better than it was just 12 months ago would be to greatly understate how far we've come in stabilizing the global financial system.
Pete Secret and Peter Ardolino join the growing list of complex managers who have exited the firm since its merger with Smith Barney
St. Louis-based brokerage firm says it is reaping the benefits from the national trend of financial advisers exiting bigger brokerages and bringing their clients with them
Target-date funds in Ibbotson Associates' research universe returned an average of 27.1% in 2009, compared to a 30.8% loss in the previous year.
Unemployment rates rose in 43 states last month, the government said Friday, painting a bleak picture of the job market that illustrated nationwide data released two weeks ago.
Stocks fluctuated in a narrow range Tuesday after reports on home prices and consumer confidence came in largely as expected, showing a gradual improvement in the economy.
UBS Wealth Management Americas is beefing up its recruiting package in the chase for elite financial advisers, but the deal falls short of those recently offered by two top rivals.
Major insurance companies, some of which were all but left for dead at this time last year, have staged a dramatic rebound, shoring up capital and increasing profits as they look forward to 2010.
Robert McCann is rewarding the veteran brokers who have stayed with UBS Financial Services Inc. through the past two years.
Investors in Treasury inflation-protected securities should be aware the “government is playing games with the CPI numbers” in an attempt to keep inflation low, said Robert Arnott, chairman of Research Affiliates LLC.
Financial planners around the country say there is a sense that people are returning to basic principles: Maximize savings; limit use of credit cards; keep a substantial emergency fund; understand risk; diversify; and don't short-cut your way to wealth.
