Lincoln National Corp. ended the first quarter in the red, citing a $600 million charge on the impairment of goodwill in its annuity business.
Sales of mutual funds through brokers and financial advisers continued to shift toward fee-based compensation last year, while the trend toward fee-for-advice distribution accelerated, according to a study released today by Strategic Insight Mutual Fund Research and Consulting LLC.
The Securities and Exchange Commission is considering how regulation of money-market mutual funds could be tightened to better protect investors, the head of the agency said today.
Investors are rushing into stocks Monday as surprise increases in pending home sales and construction spending offered the latest signs that the economy is stabilizing.
The Grail American Beacon Large Cap Value ETF (GVT), an actively managed exchange traded fund, began trading today on the New York Stock Exchange. Grail Advisors LLC of San Francisco is the ETF’s manager.
The Securities and Exchange Commission plans to re-examine the issue of 12(b)-1 fee reform, Chairman Mary Schapiro pledged today at the Mutual Fund Directors Forum Annual Policy Conference in Washington.
As a result of shifting views of high-net-worth and ultrahigh-net-worth investors, financial advisers will have to re-evaluate business practices, including fees, portfolios and investment policies, according to wealth managers and industry observers.
These are difficult times for the mutual fund industry, which makes consideration of publicly traded fund companies as investments particularly nerve-racking.
A day before he and his hedge-fund consulting firm were stung by the Securities and Exchange Commission with $815,000 in fines and penalties, a major figure in the hedge fund world started his own effort to change hedge fund audits.
Mutual fund groups groups must adjust to a new, potentially expensive distribution landscape, according to members of a round-table panel of fund executives, financial advisers and industry experts.
As Congress starts to take up health care reform, a group representing health insurance agents is voicing its dissent over President Obama's call for universal health insurance.
The day of reckoning has come for the financial services industry.
The two largest organizations of financial planners are looking at ways to give members discounts on several kinds of insurance.
American International Group Inc. is considering closing down parts of its mortgage insurance unit following a failure to offload it, Bloomberg reported.
Invesco PowerShares Capital Management LLC said today that it plans to close 19 of its current 135 exchange traded funds.
