OppenheimerFunds Inc. has lost its head of distribution just five months after he joined the firm.
After a long hibernation, the lords of leveraged buyouts are up and about.
A recent lawsuit concerning a failed investment in a life settlement has exposed a new area of regulatory uncertainty and potential liability for registered representatives and their firms.
Amid growing scrutiny of life settlements securitization, the Securities and Exchange Commission has created a task force to examine financial products, according to The Wall Street Journal.
Buzz is building among financial firms about arranging life settlement securitizations, but experts question the structured products' viability as an investment amid a lengthy list of risks and a limited track record of successful transactions.
MetLife Inc. on Monday projected fourth-quarter and 2010 operating earnings mostly above analyst estimates.
When Rodger Lawson officially steps down as president of Fidelity Investments at the end of March, some industry experts predict the company may not act to fill the position immediately.
</i>Below is a copy of the letter Fidelity president Rodger Lawson sent to employees yesterday announcing that he will retire at the end of the first quarter</i>
The life settlements and life insurance industries are criticizing President Barack Obama's 2011 budget proposal, which includes provisions that would require additional reporting to the IRS for life settlements and would impose taxes on corporate-owned life insurance.
Catching a ride on the next leg of this historic 10-month stock market rally will mean following the smart money, mostly represented by institutional-class investors, toward a new concentration on quality and calculated risk.
Strong domestic earnings over the next few quarters will add fuel to the charging U.S. equity market, said Michael Aronstein, manager of the Marketfield Fund (MFLDX).
Whether it is to help lock in last year's gains or to put to better use some of the more than $3 trillion parked in money market funds, the creative use of options may be just the tool that finanical advisers need.
Fidelity Investments last week announced that it is cutting the management fees on its Section 529 plans.
Proposed entity would be capitalized by the prime-money-market-fund industry.
According to a new study, many advisers reported that an increasing dependence on internal wholesalers is accompanied by dissatisfaction with the accessibility and responsiveness of those reps.
The time is right for higher quality companies to start leading the stock market rally, according to Steven Pollack, manager of the Robeco Boston Partners Mid Cap Value Fund (BPMIX).
A Wells Fargo Securities analyst has speculated that Prudential Financial Inc. may target ING's U.S. retirement business as an acquisition.
