The latest quarter was an enormous relief for many major money managers, which reported gains in assets under management for the three-month period ended in September, though several still saw declines from a year earlier.
New York Life Insurance Co. has revamped its sales team to make it easier for its wholesalers to sell an array of products to financial advisers — including annuities, mutual funds and guaranteed-income products.
Company says legal tab in 2009 equaled 12% of revenue; crashed bond funds to blame
While women take the lead role in households in preparing children for college academically, many still leave the financial planning process in the hands of their spouses, according to a survey released this week by OppenheimerFunds Inc.
Woodmen of the World wants U.S. Bank to pay nearly $30 million for investing some of the insurer's assets in risky mortgage-backed securities that plummeted in value instead of the conservative investments the bank promised.
Investors pushed back into the stock market a day after a slide as earnings reports boosted confidence about the pace of a recovery in the economy.
New York Life Insurance Co.'s life insurance sales broke records over the first nine months of 2009, the insurer reported today.
Encouraging earnings news from major retailers and The Walt Disney Co. drew investors back into the stock market one day after a big drop.
Fidelity Investments, in a move to attract and retain registered investment advisers and independent-broker-dealer clients, has introduced a program it says offers advisers access to market analysis and industry insights.
New claims for unemployment insurance fell more than expected last week, evidence the job market is slowly healing as the economy recovers.
Rising oil prices could imperil a modest increase in crude demand and the recovery of the global economy, the International Energy Agency said Thursday as it raised its outlook for oil demand this year.
Stocks turned higher after an early stumble Thursday as news of an improving job market stirred hopes of an improvement in the economy.
A drop in energy stocks dragged the market lower Thursday following a government report that consumers and businesses cut back on their use of oil and gas.
The John Hancock Financial Network has released a succession-planning platform for its financial representatives.
The federal deficit hit a record for October as the new budget year began where the old one ended: with the government awash in red ink.
Life insurers are still strong in the wake of the financial crisis, insurance experts said yesterday at a life settlement industry conference.
Stocks are rising in early trading as investors anticipate interest rates will remain low for some time.
National Planning Corp., <a href=http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&djoPage=basicchart&djoProjId=10815> one of the ten largest independent broker-dealers </a>, has reached a $3.9 million settlement with Massachusetts to reimburse a set of elderly investors in the state who lost money from investments that an NPC adviser allegedly described as safe.
Three South Carolina men accused of bilking investors out of millions made anyone with ties to law enforcement or attorneys leave their seminars, and threatened investors with $1 million in fines if they told anyone about the massive returns they were making, a former bookkeeper testified Tuesday.
