While many retirees are happier than their counterparts who are working, few who have retired have actually formulated a financial plan for their retirement years.
Some brokers at Merrill Lynch & Co. Inc. and Morgan Stanley have been hesitating to use new advisory options that their firms have deployed as replacements for fee-based brokerage accounts.
As early as next year, retirees may see a new hybrid investment product that blends mutual funds with insurance guarantees, possibly signifying an alliance between the two industries.
Optimism plummeted to its lowest level in two years this month, according to the UBS/Gallup Index.
The National Conference of Insurance Legislators has announced a new slate of officers.
Kevin Grant has been chosen as senior vice president of business planning services for Jackson National Life Distributors.
Daniel Young will be responsible for the day-to-day management of the broker-dealer.
Claims now stand at 330,000, lower than earlier this month but still up from 322,000 at this time last year.
The Goldman Sachs Group today established Goldman Sachs Gives, a donor-advised charitable fund.
Consumer sentiment fell to the lowest level in two years, as rising fuel and food costs strained household budgets.
Seven of the 10 indicators were in negative territory, led by building permits and initial claims for unemployment insurance.
Construction of new homes rebounded in October, increasing for the first time since June.
The Boston-based money manager reported earnings of $61.4 million, or 47 cents per share.
Mr. Wood's retirement ends a 13-year career at the Life and Health Insurance Foundation for Education.
He joins chief executive Sy Sternberg and Ted Mathas, chief operating officer on the board.
The dollar slid to a new low against the euro today, sending the price for a barrel of crude oil to a new record high.
One of the most useful ways for the registered representative to envision the [arbitration] process is to realize that it is a marathon and not a sprint.
Registered investment adviser and independent-contractor-broker-dealer firms looking to attract high-producing wirehouse brokers are increasingly seeking to differentiate themselves in a crowded and competitive marketplace.
Children don't always grow up to be the responsible types we hope for. My client Anne is divorced, with a traditional individual retirement account valued at $1 million.
The October loss stems from a pair of credit default swaps written by the firm’s Credit Solutions unit.
