Mutual funds would be subject to tougher disclosure rules than other financial products if legislation currently being debated in Congress is passed.
New York Life Insurance Co. is preparing to launch a no-load version of its immediate annuity to target the fee-based-adviser market, according to Matthew Grove, its vice president.
After leading Chicago's unsuccessful effort to land the Olympics, Patrick Ryan is jumping into something he knows a lot better than the Byzantine politics of the International Olympics Committee — the insurance business.
Real estate money managers are seeing the equity in their property investments begin to dissolve.
Although the financial services industry has seen a bit of a recovery, the market for financial advisers may still experience a contraction, according to an AlixPartners LLP survey.
Fidelity Investments, jumping on growing demand from investors for higher returns and diversification through international stock trading, is making it easier for independent advisers, brokers and direct retail investors to access overseas markets in U.S. dollars or local currencies.
John Hancock Funds LLC is aiming to make an acquisition in the mutual fund industry, but for now, it is continuing its strategy of adopting funds, according to Keith Hartstein, its top executive.
Morgan Stanley has agreed to pay a $90,000 fine to the Financial Industry Regulatory Authority Inc. to settle charges that it traded municipal bonds at unfair prices.
While market watchers are delighted that the S&P 500 has climbed 62% from its March 9 low — and is up more than 20% for the year — many find the gains difficult to understand or explain.
Despite the 60% stock market rally since the March low, many consumers remain fixated on the immediate reality of unemployment, and that is preventing a lot of investors from participating in the rally, according to Kevin Mahn, chief investment officer with Hennion & Walsh Asset Management Inc.
The illogical nature of investor psychology could fuel the next stage of the stock market rally, potentially pushing prices beyond fair-value range, according to Patrick Galley, manager of the RiverNorth Core Opportunity Fund (RNCOX).
Invesco Ltd. is likely to keep intact most of the Morgan Stanley/ Van Kampen operations, which it said last week that it would acquire for $1.5 billion — although some changes are expected in the $119 billion retail money management business it's buying.
Insiders say that the Senate Special Committee on Aging hearings Wednesday will focus on the potential for conflict of interest within proprietary target date funds.
J.P. Morgan Funds is rolling out an online version of its target date evaluation program for financial advisers.
Fixed-income securities — traditional tools to dampen portfolio volatility — are now behind investment strategies intended to guarantee retirement in-come and cash flow.
The Hartford Financial Services Group Inc. has introduced a variable annuity that allows clients to allocate dollars into a built-in income component.
Members of the insurance industry are applauding an amendment to the Consumer Financial Protection Agency Act of 2009 that eliminates a section that would have given the agency oversight of some insurance products.
Busting billionaire hedge fund manager <a href=http://www.investmentnews.com/article/20091016/FREE/910169991&ht=galleon> Raj Rajaratnam last week </a> is a sign that the Securities and Exchange Commission is paying much closer attention to insider-trading rings , according to a former SEC enforcer-turned whistleblower.
A judge has thrown out a lawsuit against Vice President Joe Biden's youngest son and brother over their 2006 purchase of a hedge fund firm, saying an investor failed to be specific enough in claiming that they underhandedly shoehorned him out of the deal.
Morgan Stanley has agreed to pay a $90,000 fine to the Financial Industry Regulatory Authority Inc. to settle charges that it traded municipal bonds at unfair prices.
