Financial advisers, already overwhelmed with frazzled clients, want more understanding from their wholesalers.
Navy Federal Asset Management LLC today announced the launch of a new managed account platform in partnership with FundQuest Inc. of Boston.
E*Trade Financial Corp. has closed its line of four index funds with liquidations to take place no later than March 27.
Managed-futures funds, which finished 2008 as one of the best-performing alternative strategies, hit a bump in January.
The age of long term care insurance purchasers continues to skew downward as more baby boomers buy policies.
Columbia Management Group LLC recently changed portfolio managers at 20 teams that manage more than 55 mutual funds.
Eaton Vance Corp. said Wednesday its fiscal first-quarter profit shrank by more than half.
A client wants to pay off his mortgage with a retirement account distribution and is wondering about the short- and long-term financial ramifications.
When combing through new investment ideas, advisers would be wise not to ignore mutual funds and separate-account strategies at the bottom of the heap.
Hard times are on the horizon for insurers as commercial mortgage exposure haunts carriers and capital levels shrink, according to Fitch.
Commercial real estate prices plunged 14.9% on average in December from the same month a year ago.
OppenheimerFunds Inc. has elected to shutter its OFI Tremont Core Strategies Hedge Fund and start returning the fund's roughly $100 million in assets to clients.
Fidelity Investments, the world’s biggest mutual fund company, reported today that its operating income dropped 18% last year.
Insurers have begun bidding for American Life Insurance Co., the life insurance unit of American International Group Inc.
Prices of existing single-family homes tumbled 18.2% on average in the fourth quarter of 2008, marking the biggest year-over-year price decline in 21 years
Blue-chip equities are less attractive than bonds thanks to plunging dividends, according to analysis published today by Bloomberg.
Janus Capital Group Inc. of Denver saw its ratings drop a notch to junk status today courtesy of Standard & Poor’s of New York.
Cohen & Steers Inc. has snagged David Edlin from AllianceBernstein Investments Inc. to be its new national sales manager, the company announced this morning.
