A modest rebound in single-family home construction in April raised hopes Tuesday that the three-year slide in housing could be bottoming. But with the supply of unsold homes bulging, foreclosures rising and prices falling, no broad recovery is expected until next spring at the earliest.
The steady exodus of registered reps from wirehouses is expected to accelerate dramatically over the next 18 months, according to a report from TowerGroup.
Parents are still contributing to their children’s college funds, despite the ravages of the recession, according to research released today.
The Nebraska Supreme Court Friday ruled against a group of investors that tried to muscle a state guaranty association into paying about $1 million for the group’s failed viatical investments.
High-income women are the main drivers of philanthropy in their households, according to research released today by the Fidelity Charitable Gift Fund, a charitable-donor-advised-fund program established by Fidelity Investments.
First-quarter earnings report by Lowe's boosted hopes among investors that the worst of the U.S. recession is over.
Chief executive Ramani Ayer today told employees in an internal memorandum that the insurance juggernaut, which has limped its way through dismal financial results and devastating investment losses, has decided to hold on to both units.
National Planning Holdings Inc., the Santa Monica, Calif. independent broker-dealer network, saw its revenue slip 15% during the first quarter, to $136 million from $159.9 million a year earlier.
Treasury Secretary Timothy Geithner says the economy is stabilizing but that unemployment will continue to rise.
It took only a matter of months for the markets to lose nearly half their value, but advisers will feel the ripple effects of this economic crisis for years, predicts a prominent consultant.
First-quarter sales of index annuities hit $7 billion — down 2.1% from the fourth quarter but up 22.8% from a year earlier, according to research from AnnuitySpecs.com.
The cost of three-month dollar loans between banks fell to a new record low Monday in a further sign that credit markets are recovering after being paralyzed during the financial crisis.
Following the departure of a major annuities expert and the elimination of some variable annuity riders, Massachusetts Mutual Life Insurance Co. is mulling the future of its role in the VA marketplace.
For decades, the U.S. retirement system was described as a three-legged stool.
The Charles Schwab Corp. edged out Fidelity Investments during the first quarter in the battle to service the small but growing number of stockbrokers who are leaving their Series 7 licenses behind to become independent investment advisers.
President Obama wants as much as $1 billion to establish a federal organization to oversee his proposed automatic-IRA plan.
Worries about saving for college haven't stopped parents from continuing to set money aside for higher-education costs.
Many financial advisers are suffering a crisis of confidence that is hurting their relationships with existing clients and hampering their abilities to recruit new clients.
The global economic crisis could turn out to be a blessing in disguise for the ever-expanding managed-accounts industry.
