The largest B-D network will fold American General Securities of Houston into AIG Financial Advisors of Phoenix.
Fidelity Investments has appointed Rodger Lawson as the president of FMR Corp., the group's holding company.
An ex-COO is suing the company, saying he was unfairly compensated in the wake of a bid-rigging scandal.
Registered investment advisers are the fastest-growing distribution channel for mutual-fund-based small-business 401(k)s. Starting from a small base, they are adding assets at the rate of about 14% a year, according to Boston-based Financial Research Corp.
An upsurge in mergers-and-acquisitions activity in the investment management industry is leading some market insiders to speculate that deals involving some well-known companies may be in the works.
Jon A. Boscia’s retirement announcement this month has nothing to do with the company’s merger prospects or its financial performance, according to the chief executive and chairman of Lincoln Financial Group.
Talks about the proposed merger between two Toronto-based securities industry self-regulating organizations are hiccupping along.
In a case that married dry-as-dust estate-planning issues with “Dallas”-like squabbling among wealthy family members, a Texas court has decided that King Ranch heir B.K. Johnson had all his faculties when he drew up his last will and that his widow and third wife didn’t manipulate him into excluding his children.
Two legal decisions this month related to equity index annuities make clear that plaintiffs must attack specific annuity provisions or standardized marketing materials in order to show the “commonality” needed for class action certification.
CHICAGO — Financial advisers are crafting new strategies to convince clients to complete their wills and estate plans.
NEW YORK — The rich are different, and so are their insurance needs, but many wealthy people may be leaving themselves unprotected, according to personal-lines-property-casualty-insurance specialists.
Barclays has added Aaron Tan as managing director and head of Hong Kong coverage, Finance Asia reported.
Conseco Inc. will consolidate operations and sell properties as part of a plan to pare down expenses.
New York Life Insurance Co. has promoted Gary Scofield to senior vice president and chief actuary.
In an unexpected move, Lincoln Financial Group announced that its chairman and CEO will retire on Sept. 1.
Morgan Stanley has bought Daewoo Engineering & Construction Co.'s Seoul headquarters for $1.04 billion, published reports said.
The cost of fighting money laundering has risen 58% since 2004, according to a survey by KPMG.
Ben Edwards III, a former chief executive of A.G. Edwards Inc., is not happy about his family firm’s merger with Wachovia Corp.
NEW YORK — Advisers may want to think twice before loading a new retiree’s portfolio with equity investments, according to a retirement software developer.
NEW YORK — Dual broker-adviser registration may become more common as brokerage firms shift from fee-based brokerage accounts, but the adviser’s new role could lead to more litigation, according to lawyers.
