Just when it seemed that the variable annuity industry couldn't handle more change, major sellers MetLife Inc. and Prudential Financial Inc. expect to roll out product updates this month, while The Hartford Financial Services Group Inc. is looking to reduce further its VA book of business.
Variable annuities up-and-comer hires wholesaler team
Co-managers of ultra-concentrated fund put entire net worth on the line
But list from Commission does not show which companies actually took action; fuel to the fire?
TCW has doubled his mutual fund assets from 2009, when Jeffrey Gundlach's departure led to a number of client defections
Angry that ex-employer is trumpeting Lipper award for fund he used to run
Governors say central bank could cut money-fund firms off at the source; 'capital drain'
SEC chairman stands her ground in testimony before Congress; industry dubs reform 'deadly medicine'
'We are waiting direction from the chair,' says deputy director of Investment Management Division
Scottrade, Russell out of the pool; FocusShares failed to gain investors' focus
Want to get in on the ground floor of space? Consider Planetary Resources, a hot startup which aims to excavate minerals from asteroids. Don't laugh -- the company's current list of backers is mighty impressive.
Understimate healthcare costs for clients and watch things unravel
Nimbler exchange-traded fund outperforming flagship mutual fund by yards; 'difficult to beat the market when you are the market'
Knight Capital Group Inc. opened its books to potential buyers, including private-equity firms and at least one securities-industry rival, as it seeks an investment or takeover to survive after a $440 million trading loss.
A veteran regulator who has been instrumental on issues involving the investment advisory sector is leaving the Securities and Exchange Commission.
Wall Street bond dealers may be cutting their commitment to trading municipal securities as regulations have increased transparency, according to preliminary findings of an industry-backed study.
Knight Capital Group Inc. (KCG) has “all hands on deck” and is in close contact with clients and counterparties as it tries to weather trading errors that cost it $440 million, Chief Executive Officer Thomas Joyce said.
