In the "new normal" of slower economic growth and lower investment returns, Pacific Investment Management Co. LLC's Bill Gross is himself buying steady, dividend-paying stocks.
U.S. consumer spending, propelled by a temporary government incentives program for auto sales, shot up in August by the largest amount in nearly eight years even though personal incomes continued to lag.
First-time claims for jobless benefits increased more than expected last week, a sign employers are reluctant to hire and the job market remains weak.
Consumer spending, the bulwark of economic growth, is showing signs of life as the economy transitions from recession to recovery.
Investors who lost a chunk of their retirement savings in the market downturn last year are obviously concerned about their futures — but so are investors who escaped the downturn unscathed, according to a report released yesterday by Financial Research Corp.
Fidelity Investments has hired David Canter, a lawyer who spent more than eight years at competitor Charles Schwab & Co. Inc., for a newly created position as chief operating officer of its investor wealth services unit.
In what looks like the end of a long-simmering dispute, Finra orders two members of a team terminated by Merrill Lynch to pay the brokerage $3.5 million
A prominent wirehouse rep and his Hawaii-based team — <a href= http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20090929/FREE/909299980&ht=choy>who rather suddenly left</a> Merrill Lynch & Co. Inc. in September — have formed a new advisory firm.
Four senior citizens in Florida who were scammed into purchasing “inappropriate” equity indexed deferred annuities have had a combined $1.2 million returned to them by the state's chief financial officer, Alex Sink, according a statement from Florida's Department of Financial Services.
Back in May, we introduced you to <a href="//www.investmentnews.com/apps/pbcs.dll/article?AID=/20090501/REG/905019982&ht=SimpliFi"" target="”_blank”" rel="noopener noreferrer">Sophie</a>, SimpliFi's free virtual financial planner. Well, Sophie's grown up since then. As of today, she's gotten a lot more sophisticated, at least for the customers of financial institutions such as credit unions and banks that provide SimpliFi LLC's Planning Service Plus to their customers.
The majority of investors who work with advisers are not aware that income limits associated with the conversion of a traditional IRA to a Roth IRA will be lifted in January, according to a survey conducted by Fidelity Investments.
Broker-dealers and registered reps should not bear the burden of increased fees from Finra after the regulator's “failure to properly prepare for the inevitable market downturn,” according to a notice sent to broker-dealers last week from the Financial Services Institute.
Energy continues to be the theme for Jerry Jordan, manager of the $110 million Jordan Opportunity Fund <a href=http://www.investmentnews.com/apps/pbcs.dll/section?q=jordx&INDA=1&crit=&SearchCategory=CHART%3BREG%3BFREE%3BSUB&SearchProfile=1119&symbol=&targetURL=http%3A%2F%2Fwww.investmentnews.com%2Fapps%2Fpbcs.dll%2Fsection%3Fcategory%3Dstocklookup&category=ETFLOOKUP&searchType=etf>(JORDX)</a>.
Investors are just not sure where the economy is headed. And so the stock market may be in limbo for a while.
The insurance industry predicts a new boom in variable annuities as tax deferral takes the spotlight in the near future, but financial advisers and broker-dealers aren't convinced that this will help products fly off the shelves again.
Another key executive with the ING Advisors Network Inc. has stepped down, as the network's parent, ING Groep NV, continues an evaluation of the broker-dealers that could lead to their sale.
Registered investment advisers last year reduced their asset management fees to the lowest level in 10 years, according to Rydex/SGI's annual Advisor Benchmarking Study.
The Insured Retirement Institute last week chose James A. Shepherdson, executive vice president of Axa Equitable, as the group's chairman.
Fidelity Investments said this morning it is expanding its clearing business into Canada, with the intention of serving U.S. broker-dealers looking for a toehold in the market, while also targeting Canadian broker-dealers.
