The irony is powerful: Just as client demand for quality advice is reaching an all-time high, the business models that support the selling of advice have never looked worse.
Advisers may complain about variable annuities, but most still endorse the product.
As this year's returning chairman of the NAIC's Life Insurance and Annuities (A) Committee, Eric R. Dinallo's priorities are making sure that consumers are protected while helping carriers steer a course through choppy economic waters.
Wealth managers in the Phoenix area say that the financial crisis and its calamitous impact on the stock market is forcing them to rethink their investment strategies.
With the equity markets testing new bear-market lows as part of a five-month run that has seen the Standard & Poor's 500 stock index fall by 38%, it can be disorienting to discover a stock moving aggressively in the opposite direction.
The Charles Schwab Corp., concerned about liability related to hedge funds, is telling registered investment advisers that it will no longer accept custody of alternative assets.
Seeking to assess the strength of the insurance carriers they do business with, many smaller independent broker-dealers — flummoxed by the insurers' opaque balance sheets and arcane accounting practices — are relying on a time-tested tool: their own observations.
Concerned about liability related to hedge funds, Schwab is telling registered investment advisers that it will no longer accept custody of alternative assets.
The Labor Department said Friday that consumer prices rose by 0.3 percent last month, the biggest monthly increase since a 0.7 percent rise in July.
The Iowa insurance commissioner has eased accounting rules for 11 insurers based in the state, allowing them to polish up their balance sheets.
Morningstar Inc. yesterday reported a 3.5% decline in fourth-quarter earnings and the launch of a series of cost-cutting measures.
Commentators in Switzerland voiced their anger at the bank's business practices and what they saw as heavy-handed treatment by U.S. authorities.
The number of people collecting unemployment benefits rose to an all-time high of 4.99 million this month, according to the Department of Labor.
While acknowledging that the economic indicators have been “dismal,” the Fed has taken steps beyond reducing short-term interest rates to improve credit markets, Chairman Ben Bernanke said yesterday at the National Press Club in Washington.
Paul Wichman, the former national sales manager of Pershing Advisor Solutions LLC of Jersey City, N.J., left the firm this month.
Producer prices rose faster than expected in January, according to a Department of Labor report released today.
Former Federal Reserve Board Chairman Alan Greenspan said yesterday that temporary nationalization of U.S. banks may be necessary.
John W. Goff, owner of the Goff Group, may face at least 20 years in prison after his conviction yon charges of mail fraud, embezzlement and filing false documents.
New residential-housing construction permits continued to decline last month, falling 4.8% from December.
