Albridge survey shows most brokerages fork out 10% of revenue on oversight
Strategies from investment firms BlackRock Financial Management Inc., DoubleLine Capital LP, F-Squared Investments Inc., and Forward Management LLC were added to the mix, as well as four other strategies from firms already on the Genworth platform.
A small but growing number of wealthy Americans have figured out a fool-proof way to avoid paying more of their income to the IRS in coming years. Their trick? Leaving the country.
A CBO report has found that the before-tax income of top earners fell by 36.3% between 2007 to 2009 while their tax rate rose
Genworth Financial Inc. cut Chairman and Chief Executive Officer Michael Fraizer's annual bonus to a third of his target as the life insurer and mortgage guarantor failed to meet its goals.
The Swiss bank announces plans to cut up to 10,000 additional employees over the next two years.
The SEC says it is targeting senior management in its reviews of brokerages and advisory firms.
Advisers are still fuming about the last-minute notice they received from Prudential informing them of a lock down of several popular annuities.
Acquisition creates firm with 400 independent-contractor reps, dual headquarters.
New research shows that a whole lot of wirehouse reps are contemplating exits. Where will they land? These 10 brokerages rate highest with potential breakaways.
Costs at private colleges up 3.9% this year; average sticker price now at $38,589
Commonwealth Financial's CIO Brad McMillan discusses the latest job report and the questions over its legitimacy.
Changes keep coming in the variable annuity space, as MetLife Inc. will stop taking additional contributions to VAs with legacy living and death benefits next Monday.
Though variable annuity sales continue to be dominated by a few big companies, lower-profile carriers may seek opportunities in product innovation and new distribution channels.
Both presidential candidates are getting serious bucks from political action committees. Barack Obama's top donors? Universities. Mitt Romney's? Wall Street banks.
Thirst for immediate gratification can take six-figure toll in retirement
