Jason Kavanaugh, who purchased the shares, is an executive with Questar Capital Corp.
The wealth-management firm will launch an open-architecture platform with O.N. Investment Management Co.
The Hartford announced today that it is purchasing Boston-based Sun Life Retirement Services Inc.
A 37-year veteran of the life insurance industry, Daniel J. Toran, 59, spent 12 years with the Horsham, Pa.-based company.
Investors Capital Advisory Services, the registered investment adviser of Investors Capital Holdings, has formed a strategic partnership with Biondo Investment Advisors, an institutional money manager.
The producer price index increased 3.2% in November, as energy prices hit a record high according to a Department of Labor report.
H&R Block will record $74.8 million in restructuring charges related to shutting down its Option One Mortgage division.
The United States is operating on an unsustainable federal budget that is bound to seriously damage the economy, the Congressional Budget Office said.
The Fidelity Charitable Gift Fund will launch a program with Campus Compact to educate and inspire young people to get involved in philanthropy.
The Hartford announced plans today to acquire TopNoggin, a technology firm based in Powell, Ohio.
Under the program, RIAs working with Fidelity will have access to affordable medical, dental and vision insurance.
Assets in individual retirement accounts grew 16.5% in 2006 to a record $4.23 trillion, according to EBRI.
MetLife will now distribute its retail-deferred income annuity through the carrier’s independent distribution arm.
The Life and Health Insurance Foundation for Education yesterday chose Marvin H. Feldman as the group’s president and CEO.
The tax preparer's second quarter saw the shuttering of its troubled Option One Mortgage business.
The insurance firm forecast core per-diluted-share earnings in the $9.80 to $10.20 range.
The U.S. economy will grow a sluggish 2.1% in 2008 according to the SIFMA's Economic Advisory Roundtable.
The performance of managed futures is languishing, but that hasn't diminished their appeal among financial advisers.
A stunning $4.6 million award against UBS Financial Services Inc. and two of its brokers late last month revealed how irate the arbitrators were with UBS.
Maybe the housing market isn't tanking after all. Hedge fund manager Louis Bacon, head of New York-based Moore Capital Management LLC, last month bought the Forbes family's Colorado ranch for what is believed to be the largest sum ever paid for a home purchase in the United States: $175 million.
