Registered investment advisers seem to be winning the race to capture the retiring-baby-boomer market, according to Charles "Chip" Roame, managing principal of Tiburon (Calif.) Strategic Advisors LLC, who spoke at the TD Ameritrade Partnership 2008 Conference in Orlando, Fla. this month.
Iowa will be the first state to join an initiative to provide customers with plain-English disclosure on fixed and indexed annuities.
Brokers, not mutual fund companies, should set their own 12(b)-1 distribution fees.
An organization advocating divestment from companies that support the economies in countries perpetrating genocide won an initial victory in bringing their cause to the fund boards of more than two dozen Fidelity funds.
Despite economic concerns, the central bank keeps interest rates unchanged.
Investors are prohibited from withdrawing funds from CSO Partners.
Raymond James has won a $1.75 million arbitration claim against Cantor Fitzgerald.
Officials have testified that the time is right for a federal insurance regulator.
MSRB seeks comments on whether more information about municipals should be disclosed.
Earl E. McEvoy, an asset manager for three of The Vanguard Group’s mutual funds, will retire on June 30.
Morningstar has expanded its ratings coverage to hedge funds.
DTCC has trimmed fees for mutual fund and insurance transactions.
Insurer settles with California over allegedly inappropriate fixed annuity sales.
Capital gains payouts in 2007 rose for the fourth straight year, said head Morningstar analyst Russel Kinnel.
Warren Buffett has made an offer to three large municipal bond insurers to reinsure $800 billion in municipal bonds.
Claymore Securities listed three new ETFs on the Amex: the U.S. Capital Markets Index; the U.S. Capital Markets Bond index and the U.S. Micro-Term Fixed Income.
Goldman Sachs has created an index for investors seeking opportunity in longevity and mortality risk.
Hedge funds in January had their worst performing month in more than five years, according Greenwich Alternative Investments.
Legg Mason Inc. has partnered with Citibank (China) Co. Ltd. to launch mutual funds designed for retail investors in China.
Exchange traded funds that invest in municipal bonds are looking more attractive these days, thanks mostly to their competitive yields.
