Although it is common, and perfectly legal, for insurers to prune funds from their VA menus periodically, financial advisers say the practice is increasingly thwarting their ability to put clients in the best possible funds.
The top 50 largest registered investment advisory firms managed $127.2 billion as of the end of the second quarter — up a sizable 16% from the end of the second quarter in 2009.
Prudential Plc, the U.K.'s biggest insurer, promoted Mike Wells to chief executive officer of its U.S. division and appointed two new non-executive directors as it reorganizes the board after a failed takeover bid in Asia.
Attorneys also predict insurer's marketing of new VA will trigger lawsuits; 'half-baked solicitation'
In his widely-anticipated speech in Jackson Hole, Wyoming last Friday, Fed Chairman Ben Bernanke stated that the Fed was “…prepared to provide additional monetary accommodation through unconventional measures if it proves necessary, especially if the outlook were to deteriorate significantly.”
Study reveals which locales will end up with highest total marginal tax rates; Hawaiian punch
The Tax Foundation, a Washington research group that advocates for lower taxes, said state, local and federal levies would result in a tax rates of nearly 50% in some states' top earners.
Check out the estimates from strategists at brokerages for where the Standard & Poor's 500 Index will finish 2010 and how much profit companies in the benchmark measure of U.S. stocks will generate
Predicts holders of stock will 'lose a lot of money in next 18 months'
Sure, investors have fled the stock market. Ask them why and many say the market's gotten too unpredictable, too scary. But new research shows those fears are overblown.
The NBER says the recession ended in June 2009. But an exclusive <i>InvestmentNews</i> survey reveals most advisers think the economy is still hurting, with 'effects that will linger for months and years to come.'
As the Securities and Exchange Commission wrestles with the task of defining a standard of care for anyone who gives investment advice to retail clients, executives at TD Ameritrade Inc. aren't having a difficult time with the issue.
The U.S. economy stands a 31% chance of double-dipping into recession in the next year.
With tax rates on dividends expected to go higher next year, financial advisers should start assessing the risk-reward ratio of owning dividend-paying U.S. companies, according to report today by Howard Silverblatt, senior index analyst at S&P Indices.
Investors are moving more money than ever before out of stocks and into bonds, widening a valuation gap and convincing some major fund companies and investors that now is the time to buy equities.
Citigroup Inc.'s private bank will triple the number of hedge funds such as Paulson & Co. that its wealthy clients can invest in, under a push to increase money-management revenue.
Bullish fund managers like Michael Shaoul and Laszlo Birinyi score big while bearish rivals keeping waiting for the economy to turn grisly
While life insurers continue to cling to their cash, a boom in mergers and acquisitions may be just around the corner, according to an analyst with Moody's Investors Service Inc.
Move frees company to focus on asset management; insurance less profitable
