Financial advisers with clients in California are increasingly recommending a cutback in exposure to the Golden State's tax-exempt bonds.
Several Supreme Court justices seemed unsympathetic Monday to calls for the courts to get involved in reining in what investors are calling "excessive" fees on mutual funds, a popular investment vehicle for millions of Americans.
Financial advisers said they agreed with several Supreme Court justices <a href= http://ciedit.cr.atl.publicus.com/apps/pbcs.dll/article?AID=/20091102/FREE/911029952/1022/ONLINENEWS> who appeared to suggest during oral arguments yesterday that the Securities and Exchange Commission</a> — and not the courts — should ultimately decide when mutual fund fees are excessive.
The hearing will concentrate on the practice of baiting seniors and terminally ill people to act as insured lives on an annuity purchase, with the death benefit going toward a third-party investor or an intermediary.
Insurance companies are scoping out new distribution channels for variable annuities. Managed-money programs and 401(k) plans top the list of targets.
AllianceBernstein LP named Sharon Fay, a 20-year company veteran, chief investment officer of equities to replace Lisa Shalett.
While emerging markets have seen a great run in the past year, Janus and Causeway representatives said they believe some of the best investing opportunities going forward are in global funds, those that invest both in the United States and emerging markets.
Genworth's Total Living Coverage Annuity can also be covered through a tax-free 1035 exchange out of an old annuity or life insurance product.
Monthly sales of bank annuities have been declining steadily since climbing to a 2009 high last March.
A number of financial advisers are using the health care reform legislation passed last week as an opportunity to reach out to clients and review their investment portfolios.
The mutual fund industry has long been dominated by a handful of companies, but continuing fallout from the recent market downturn and other structural factors have created opportunities for nimbler, smaller companies to gain more business.
Embattled developer Kent Swig is trying to bundle some of his Manhattan properties into a real estate investment trust.
About 800 mutual funds that were affected by some illegal market-timing activities of brokers at Prudential Equity Group LLC will receive a distribution of $185 million as part a settlement Prudential reached with the Securities and Exchange Commission.
Despite a generally bearish outlook for most global markets, Gerald Buetow, chief investment officer at Innealta Capital, talks about ways to navigate through the carnage, even if that means sometimes turning to cash as a hedge.
Jerry Thunelius takes four of his fixed-income-unit members with him; were they operating in Pimco's shadow?
President Barack Obama signed a major health care overhaul bill Today. Here are some of its features, along with details on a package of changes to the legislation under consideration by the Senate this week.
For a look at the retirement products advisers can expect in 2010, the insights of some literary greats — Charles Dickens, Voltaire, Lord Byron and Jane Austen — may be more illuminating than you would imagine.
Although the selection of a bond fund executive to lead equity-oriented Janus Capital Inc. stunned industry watchers last week, Richard M. Weil — the former Pimco chief operating officer — may be just what the $152 billion fund company needs.
John Hancock Funds LLC and MFS Investment Management have separately made changes to their compensation programs to encourage wholesalers to diversify the funds they sell and the advisers to whom they sell them.
