When Rodger Lawson officially steps down as president of Fidelity Investments at the end of March, some industry experts predict the company may not act to fill the position immediately.
</i>Below is a copy of the letter Fidelity president Rodger Lawson sent to employees yesterday announcing that he will retire at the end of the first quarter</i>
The life settlements and life insurance industries are criticizing President Barack Obama's 2011 budget proposal, which includes provisions that would require additional reporting to the IRS for life settlements and would impose taxes on corporate-owned life insurance.
Catching a ride on the next leg of this historic 10-month stock market rally will mean following the smart money, mostly represented by institutional-class investors, toward a new concentration on quality and calculated risk.
Strong domestic earnings over the next few quarters will add fuel to the charging U.S. equity market, said Michael Aronstein, manager of the Marketfield Fund (MFLDX).
Whether it is to help lock in last year's gains or to put to better use some of the more than $3 trillion parked in money market funds, the creative use of options may be just the tool that finanical advisers need.
Fidelity Investments last week announced that it is cutting the management fees on its Section 529 plans.
Proposed entity would be capitalized by the prime-money-market-fund industry.
According to a new study, many advisers reported that an increasing dependence on internal wholesalers is accompanied by dissatisfaction with the accessibility and responsiveness of those reps.
The time is right for higher quality companies to start leading the stock market rally, according to Steven Pollack, manager of the Robeco Boston Partners Mid Cap Value Fund (BPMIX).
A Wells Fargo Securities analyst has speculated that Prudential Financial Inc. may target ING's U.S. retirement business as an acquisition.
Hoping to address the income needs of retiring baby boomers, providers of exchange-traded funds are gearing up to introduce new income-oriented products.
A federal judge on Wednesday ordered The Reserve Primary Fund, which last year roiled the $3 trillion money-market industry by "breaking the buck," to pay out its remaining assets to shareholders waiting to get their money back.
Sources claim Northwestern Mutual -- 'the quiet company' -- is quietly discussing selling the asset manager. The insurer, however, says Russell is not for sale.
No word on why longtime municipal bond manager Robert MacIntosh is leaving the company
Many real estate funds sold to institutional investors are charging too much, according to consultant Towers Watson & Co.
Insurance brokerage fee income at banks hit $3.05 billion for the third quarter of 2009, up 11.7% from the year-ago period, according to the Michael White-Prudential Bank Insurance Fee Income Report.
