In a move to increase awareness of its large-cap mutual funds, Lord Abbett & Co. LLC announced today it has changed the names of four of its large-cap offerings and lowered the expense ratio on one of them.
American International Group Inc. today sold most of its ownership in its Russian consumer bank subsidiary.
Despite the downturn in the economy, the number of health savings accounts and assets held in the plans continue to grow, a new study released today showed.
Through the passage of the American Recovery and Reinvestment Act, the government has created Build America Bonds.
Target date life cycle funds, one of the most successful investment innovations of the past generation, have come under intense scrutiny — from Congress, regulators and the media.
Target date funds are ripe for regulation — a conclusion made abundantly clear at a joint Department of Labor and Securities and Exchange Commission hearing this month dissecting these popular retirement funds.
Real estate managers are making a mad scramble to raise cash.
Although financial advisers have been leery of life insurance with long term care benefits, the products appear to be generating interest among consumers trying to insure against multiple risks and search for a place to store assets, according to a new study.
The Municipal Securities Rulemaking Board's revamped municipal-bond disclosure system, set to go live next month, won't be quite the panacea for disclosure that regulators hope, according to some observers.
Some well-known equity boutiques have begun offering bond strategies this year, diversifying their portfolios after the market collapse focused attention on the ability of money management companies to cope with severe downturns.
Broker defections, a loss of market share and spinoffs could be on the horizon for insurance-affiliated broker-dealers if the Obama administration's proposed regulatory reforms force them to act as fiduciaries.
The Charles Schwab Corp., which promised to spell out details of its plan to help advisers move alternative assets from its platform this month, has nearly met its deadline.
Authorities ordered Citibank's Japan unit to suspend all sales operations at its retail banking arm for one month after it failed to improve anti-money laundering measures that target crime syndicates and other shadowy groups.
The United Kingdom’s Financial Services Authority, in an effort to restore “trust and confidence in the retail-investment market,” has outlined a proposal to ban commission payments by investment management firms.
As life and annuity insurers emerge battered from 2008 and the first quarter this year, there appear to be some hints of recovery amid the wreckage, according to a report from A.M. Best Co.
Federated Investors Inc. entered into a partnership with a London-based specialty asset management firm to bring global-trade-finance investments to its clients in the United States.
The Hartford (Conn.) Financial Services Group Inc. yesterday said that it has closed its deal to purchase Federal Trust Corp. for $10 million.
President Obama’s proposed financial regulations could tighten restrictions on insurance companies and pressure the companies’ ratings, according to a new report from Moody’s Investors Service.
The Texas Department of Insurance yesterday said that it will try to implement provisions of legislation vetoed last week by Gov. Rick Perry that was designed to protect annuity customers.
Life insurance companies are struggling to emerge from the shadows of 2008’s losses, but in the long run they will prosper, according to a study from Conning.
