In another acknowledgment of the rapid rise of independent investment advisers, Putnam Investments is creating a distribution channel dedicated solely to selling its products to them.
“The opportunities today, from the bottom up, are certainly the best I've seen in my lifetime,” Martin J. Whitman, the founder of New York-based Third Avenue Management LLC, told advisers today.
Regulations proposed last week by the Internal Revenue Service would leave brokerage firms little time to begin reporting cost basis information to customers.
European and U.S. stock markets fell sharply Tuesday after worse than expected German industrial production data and a warning from a leading credit ratings agency that the U.S. government needs to get its public finances in shape soon.
Stock futures are drifting lower as investors pile on more safe-haven assets like the dollar and Treasurys.
The National Association of Insurance Commissioners named its 2010 leaders today, with Jane Cline, West Virginia's insurance commissioner, assuming the presidency.
Having expertise with retirement income products and issues is paying off for many advisers, according to a study published today by the Financial Planning Association.
The game of musical chairs at Citgroup and Bank of America goes on. Citi announced today that its private banking operation has hired Steve Bodurtha as head of investments for North America. Mr. Bodurtha will oversee the investments platform for Citi Private Bank across the U.S. and Canada.
Bank of America's outgoing CEO Ken Lewis says the economy may be improving but the recovery in the financial industry remains slow.
With Congress advancing its controversial 1,900-page health care reform legislation, Wall Street has pushed health care sector stocks into value territory, according to Tyler Dann, co-manager of the $4.8 billion Aim Charter Fund <a href=http://www.investmentnews.com/apps/pbcs.dll/section?q=chtrx&INDA=1&crit=&SearchCategory=CHART%3BREG%3BFREE%3BSUB&SearchProfile=1119&x=47&y=9&symbol=&targetURL=http%3A%2F%2Fwww.investmentnews.com%2Fapps%2Fpbcs.dll%2Fsection%3Fcategory%3Dstocklookup&category=ETFLOOKUP&searchType=etf>CHTRX</a>.
Providers of 401(k) plans have lambasted a critical article published Oct. 9 in Time magazine denouncing the 401(k) system.
Denver Nuggets basketball star Carmelo Anthony filed a lawsuit in federal court in Sacramento, Calif., this week alleging that his former financial and business adviser transferred more than $2 million from his accounts without his knowledge or consent.
Stock futures are slightly lower as the dollar strengthens and investors weigh whether the Federal Reserve may raise interest rates sooner than expected.
Stocks and the dollar gained Monday as investors tried to predict when interest rates might start rising.
The House Financial Services Committee last Wednesday unanimously approved a bill that would create a federal insurance office within the Treasury Department.
Although costs are tight for many advisers, these types of client appreciation events remain extremely important — especially following last year's market collapse, which left many clients worried about their financial future.
A MetLife Inc. subsidiary and three other affiliates have been fined a total $1.2 million for alleged failures to ensure supervisors could review brokers' e-mails with the public.
