Retail sales jumped in August, spurred by widespread gains beyond the increases of auto and gasoline sales that economists expected.
The New York Insurance Department will hold a public hearing tomorrow on the marketing of life insurance and annuities, specifically focusing on suitability of sales to seniors.
The Charles Schwab Corp. said its campaign to help wirehouse brokers become independent investment advisers is picking up speed at summer's end.
In what could be an indicator that the economy is <a href=http://www.investmentnews.com/ article/20090915/REG/909159984>approaching recovery</a>, optimism is rising among affluent adults in the United States, according to data from Ipsos Mendelsohn's third online Affluent Barometer survey of this year.
John Hancock Retirement Plan Services today kicked off a relationship with Edward D. Jones & Co. LP, providing the firm's financial advisers with access to its retirement plan products.
Managing client expectations about investment performance remains independent advisers' biggest challenge, but they are regaining confidence in the economy and directing more investments to equities and away from cash and bonds, according to The Charles Schwab Corp.'s semiannual Independent Advisor Outlook Study.
The stock market downturn has led to a significant reshuffling of the Russell 2000 Index, loading the benchmark with the smallest companies it has seen since 1993.
One year after the fall of Lehman Brothers Holdings Inc. and the start of the financial meltdown, investors still appear to be anxious that a market collapse could happen again — and they're changing how they invest as a result.
Although the economy appears to be brightening, the insurance sector in North America will remain on a negative outlook, according to a report from Standard and Poor's Ratings Services.
The worst of the recession may be over, but the financial system still faces risks, Mohamed El-Erian, chief executive of Pacific Investment Management Co., and Laurence Fink, chief executive at BlackRock, warned financial advisers at an industry event.
James Kroeker, the chief economist at the Securities and Exchange Commission, said the financial crisis "has highlighted for us the importance of global solutions, even on an accounting front, to complex issues."
President warned financial titans on Monday — the first anniversary of the Lehman Brothers collapse — they could not count on any more bailouts.
Seven out of 10 Americans lack confidence that the federal government has taken safeguards to prevent another financial industry meltdown, according to a new Associated Press-GfK poll.
If there is one lesson that financial advisers and their clients have learned since the financial world cratered in mid-September 2008, it is that black swans can be as numerous and messy as Canada geese.
With gold hovering around the psychologically significant $1,000-an-ounce mark and silver making its own impressive ascent this year, the theories naturally abound about whether now is the time to get in or out of precious metals.
A year after the onset of the financial crisis, advisers remain wary of insurers' financial health when recommending products, according to the <i>InvestmentNews</i> 2009 Insurance Product Survey.
The Securities and Exchange Commission's inspector general, David Kotz, rightfully excoriated the agency for its failure to expose the Madoff scheme during its investigations of the firm.
Schwab Charitable Fund today launched a service that helps organizations determine if they want to convert from a private foundation to a donor-advised fund.
With tax reform high on the administration's agenda for next year, the life insurance industry is pushing for preferential treatment for annuities.
