Dennis Slusarski, Mr. Blumenthal’s predecessor, will assist through the leadership transition.
Growth in the manufacturing sector slowed for the fifth consecutive month, according to the monthly Institute for Supply Management report.
The Investment Management Consultants Association has named Garry Bridgeman president for 2008 and 2009.
More advisers are turning toward fixed-income annuities as a new asset when they create retirement plans for their baby boomer clients.
Morgan Stanley is adjusting some of its pay policies to comply with a wage-and-hour lawsuit it settled last year.
Raymond James Financial Inc. of St. Petersburg, Fla., last month rolled out a series of research reports on variable annuity riders designed to help its reps sort through the confusing array of products.
Many of the retirement income solutions currently being developed by financial services companies involve software — most of which is designed to model financial outcomes once someone has retired.
The securities industry work force is not noticeably more diverse today than it was two years ago, even as the nation's largest investment firms strive to hire more women and minorities, according to a new survey.
Crude-oil prices may be skyrocketing, the dollar plummeting and housing sinking, but money matters will be of great importance to only 17% of Americans when they make their New Year's resolutions for 2008, according to a survey conducted by Country Insurance and Financial Services of Bloomington, Ill.
Morgan Stanley co-president Zoe Cruz is the latest casualty of the mortgage crisis, leaving after 25 years at the firm.
John Thain may bring aboard Nelson Chai of NYSE Euronext as he takes the helm at Merrill, The Wall Street Journal reported.
The price index for personal consumption expenditures increased 0.3% for the second consecutive month in October.
The firm will change its pay policies to comply with a wage-and-hour lawsuit the firm settled last year.
The White House toned down its forecast for economic growth for 2008, but still predicted "solid growth" throughout the year.
Josh Brooks, chief investment officer for large-cap equities at Putnam Investments, is leaving the firm.
Individual life insurance premium sales jumped 20% during the third quarter, according to LIMRA International.
Banks will not displace wirehouse channels, but will receive a larger share of growth and assets.
The dollar rose against the euro this morning, trading at $1.4743, up from $1.4841 yesterday.
The third-quarter economy expanded at its fastest pace in four years, growing 4.9%, according to a Department of Commerce report.
Legislation allowing donations from IRAs to individual charities will not include donations to donor-advised funds.
