The Hartford (Conn.) Financial Services Group Inc. said that it has slashed 270 jobs in its investment products division, eliminating positions in its Planco LLC unit.
Old Mutual Capital Inc. of Denver today announced a plan to eliminate about 45 administrative and sales positions over the next eight months as the firm looks to shrink its mutual fund lineup by about half.
Bank holding companies reaped a record $734.5 million in annuity fee income during the first quarter, according to data from Michael White Associates.
Despite the superior performance of fixed-income assets recently, an all-bond asset allocation is unlikely to deliver investors the returns they need in the future, according to analysis released by Ibbotson Associates, the research division of Morningstar Inc. of Chicago.
A top index provider is considering offering its own lineup of exchange traded funds, but just what those funds would look like is a mystery.
Slumping home prices and financial incentives may make homeownership all the more tantalizing for young newlyweds, but advisers warn that renting may be the smarter choice.
Hedge funds came back with a vengeance during the three-month period ending June 30, posting the industry's best performance since the fourth quarter of 1999, according to Hedge Fund Research Inc. in Chicago.
Small-business owners are aware that their employees worry about long term care insurance, but the perceived cost of providing workers with that coverage turns employers off, according to data from John Hancock Financial Services Inc.
FundQuest Inc. of Boston has expanded the offerings on its managed-accounts platform to include select alternative strategies.
Hedge fund managers and corporate boards received low marks with regard to ethical behavior in a recent survey of financial-industry professionals.
Rather than chiefly representing the variable annuities industry, the Washington-based institute will reach out to advisers and their clients through the group's distributor members, acting as a source of information via webcasts, consumer brochures and research.
Ameriprise Financial Services Inc. has agreed to pay $17.3 million to settle charges that it received nearly $31 million in undisclosed compensation for selling its brokerage customers real estate investment trusts between 2000 and 2004, according to the Securities and Exchange Commission.
The market's decline is taking its toll on mutual funds.
The reputation of exchange traded products that give investors access to commodities took a hit this month when one of the largest exchange traded commodities pools — the $3.61 billion U.S. Natural Gas Fund LP (UNG) — was forced to stop issuing new shares.
The Texas Department of Insurance is mulling a regulation that would mandate disclosure for annuity buyers, but advisers are questioning how effective it would prove to be.
Although state and local governments across the country face staggering budget deficits, their struggles are having little effect on municipal-bond prices.
Financial advisers are troubled by an administration proposal that would allow the Securities and Exchange Commission to ban commissions and take other sweeping actions regarding their fees.
Advisers along the Gulf and Atlantic coasts are sending a storm warning to their clients: Beware of impending sharp increases in the cost of property insurance or equally steep reductions in coverage.
On paper, the case for investing in natural gas is straightforward: It is a clean, largely domestic fuel now selling at 74% below its peak price of a year ago.
Two House committees today approved the Affordable Health Choices Act, a health care reform bill that would expand health insurance to 97% of Americans.
