By at least one measure, today's teenagers are more responsible than their parents were.
Many American households would be in financial distress if confronted with the loss of a breadwinner, according to a recent survey from New York Life Insurance Co.
JPMorgan Chase & Co. and Bank of America Corp. may be giants of the financial services world, but they're retrenching when it comes to serving independent advisers.
Growth in The Hartford Financial Services Group Inc.'s wealth management and retirement businesses will be a renewed area of focus as the insurance giant welcomes its new chief executive, Liam E. McGee, who officially joined the firm last week from Bank of America Corp.
Financial advisers and consumer advocates are skeptical of a proposal from the life insurance industry that could reduce the amount of capital that carriers need to hold against residential-mortgage-backed securities.
Aspiring U.S. homebuyers rushed to take advantage of a tax credit for first-time owners that expires in November, driving up the number of signed sales contracts for the seventh straight month in August.
Mike Dwyer, formerly of Robert W. Baird & Co. Inc., has joined RBC Wealth Management as a senior vice president and financial consultant in the firm's Phoenix office, RBC said today.
Unemployment is expected to remain at elevated rates for the next two years, Boston Federal Reserve Bank president and chief executive Eric Rosengren said at a meeting of the Greater Boston Chamber of Commerce today.
The elimination of the income limit on Roth IRA conversions starting next year could lead to a “Roth revolution,” according to David Polstra, a partner at the advisory firm Brightworth Private Wealth Counsel.
Pennsylvania's insurance department today filed petitions to liquidate embattled long-term care insurer Penn Treaty Network America Insurance Co. and American Network Insurance Co.
There are more positives than negatives in the current economy, but the negatives should not be overlooked, Liz Ann Sonders said today speaking at an Investment Management Consultants Association conference in Atlanta.
A trustee trying to recover Bernard Madoff's assets for jilted investors now says a Florida philanthropist should return $7 billion that he received from Madoff.
“Cash for everything” government stimulus programs will help the economy look better through the end of the year, but the positive numbers won't hold up through the first quarter of 2010, according to economist Marci Rossell.
Financial advisers who have made outstanding charitable contributions to their communities were honored by more than 450 executives from 60 financial organizations at the third annual Community Leadership Awards last night at the Hilton New York.
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.
