MetLife Inc., the biggest U.S. life insurer, was removed from Citigroup Inc.'s list of top stock picks as new Chief Executive Officer Steven Kandarian reshuffles management and plans his strategy.
Raymond James COO Helck says the for-sale firm would be a 'great strategic fit,' but concedes there's some overlap between the two outfits. Still, Morgan Keegan's army of 1,200 advisers must look mighty tempting to RJ's management.
As first reported by <i>InvestmentNews</i>, Raymond James today agreed to pay $300M to buy back auction-rate securities from clients, thus settling suits brought by several states and the SEC. Total damage? The brokerage is setting aside $50M to cover potential losses.
An independent broker-dealer has taken a flyer on an Occupy Wall Street protester.
Survey indicates public profile of certified financial planners on the rise
Survey also finds planners mostly serve 'mass affluent'; fewer women are certificants, however
Mohrman-Gillis wants SEC to oversee investment advisers; Finra 'not experienced' in upholding fiduciary standards
MetLife Inc. kept the top spot in variable-annuity sales in the third quarter with $8.56 billion in sales.
The swath of destruction cut by allegedly fraudulent private placements created by Provident Royalties LLC and Medical Capital Holdings Inc. is practically unprecedented in the securities industry
Raymond James' retail businesses are a steadying force as its capital markets units remain in the doldrums.
The Hartford Financial Services Group Inc. has sold its private-placement life insurance operations
Global stocks rose for the first time in 11 days and commodities and the euro advanced as European leaders drafted a framework for the region's bail-out fund and America's Thanksgiving retail sales jumped to a record. Treasuries declined.
Fee-only financial advisers have long held themselves out as being more ethical than commissioned stockbrokers. Fee-only advisers claim to adhere to a fiduciary standard that requires them to act in the best interests of their clients, meaning that they must set aside their personal interests and fully disclose all their fees and any conflicts of interest
It's been an up and down year for fund firms and their stock pickers. Nevertheless, a number of portfolio managers emerged as investor favorites during 2011. Here are the hottest of the hot.
The push for increased oversight of the financial investment and advice industry may have gotten an unexpected boost
With 2011 sales of life insurance products up just 4% over last year, carriers and producers would be well served by mining social networks to step up growth.
Strategist says country's debt now approaching country's output; 'Rogoffian' effect would put the brakes on growth
Looking at a developed world that may dip into recession, the global investment committee at Morgan Stanley Smith Barney LLC has decided to dial back risk
In what the firm calls its “most significant change” to its tactical asset allocation in two years, Morgan Stanley Smith Barney LLC's global investment committee is adopting an overweight position in safe havens and underweight position in risk assets
