Banks that sold insurance were more profitable than those that didn’t in 2007, according to Bank Insurance Market Research.
The mutual fund will hold between 100 and 200 securities and track the MSCI EAFE index.
Target date mutual funds, long criticized for being too conservative to meet their goals, are now being taken to task for taking on too much risk.
In a move clearly aimed at luring breakaway brokers, Fidelity Investments is about to take the wraps off a program intended for brokers who are dually registered as investment advisers.
The mutual fund industry is facing waves of baby boomers who will retire and a volatile market that has scared many investors, but nothing has the potential to affect the industry more than a Securities and Exchange Commission review under way of Rule 12(b)-1.
Plus Money and its principal allegedly raised $30 million from approximately 300 investors.
Sun Life Financial Inc. of Toronto today released a new rider, the Retirement Income Escalator.
One culprit driving volatility is the “significant increase in the number and impact of 130/30 funds,” according to the Security Traders Association.
Staff members at the SEC will recommend that 12(b)-1 fees be broken into at least two parts.
As hurricane season approaches, financial advisers continue to look warily upon catastrophe bonds
With some 90 million investors and more than 44% of American households owning mutual funds, the fund industry has continued to grow significantly in spite of weathering more than a few storms in the last decade.
The Fair Fund distribution concludes the saga that began when the insurer was accused of falsifying financial statements.
The Hartford Financial Services Group announced changes to its flagship variable annuity and its sales force.
The time is drawing near for comments requested by the Department of the Treasury regarding changing the taxation of exchange traded notes and other prepaid forward contracts.
Introduced five years ago, the Rydex S&P Equal Weight Exchange Traded Fund opened the gates to investments pegged to indexes that use some measure other than market capitalization to determine company weightings.
The estimated $2.75 trillion IRA roll-over market is poised for significant growth in assets and is expected to take on more prominence in advisers' practices.
“We’re going to see new products for [income] guarantees that aren’t insurance,” said Laura Varas of FRC.
Allianz's first-quarter net income slid to $1.7 billion, down 66%, from $4.9 billion in the same period last year.
Home foreclosure filings increased 112% during the first quarter of 2008, according to RealtyTrac Inc.
