A group of workers at Ameriprise Financial Inc. have filed suit in federal court against their employer, alleging that the company placed their 401(k) contributions in proprietary funds, ringing up $20 million in excess costs.
A LIMRA survey released Tuesday found that 32% of 616 producers picked an aspect of training as the most valued service offered by insurers.
Though Latinos know they ought to have life insurance to protect their families, fewer of them buy it, compared with other demographic groups
If you want to reach out to an untapped audience for life insurance, try people under 45
Bank of America continues to push its efforts to cross-sell brokerage products to banking customers -- and vice versa. This week, BofA announced plans to boost Merrill Edge, adding almost twice as many financial advisers to the service for mass affluent consumers.
Pessimistic mass-affluent, millionaire investors are putting more money in play
Survey finds mass-affluent investors still gloomy as heck about their finances; 'not matching the reality of their situation'
This year's survey of advisers shows why some firms are flying high again - and also reveals where some advisers are holding back. | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20111018&Category=FREE&ArtNo=101809999&Ref=PH>Most common reasons employees leave advisory firms</a>
As Congress begins to assess the possible role of exchange-traded funds in recent market volatility, two ETF providers are clashing over the best way to help investors navigate the increasingly complex products
Bank of America Corp., hit by a credit downgrade last month, has moved derivatives from its Merrill Lynch unit to a subsidiary flush with insured deposits, according to sources with direct knowledge of the situation
Gold prices, down 14% since touching a record last month, are poised for more losses, according to technical analysis by Steel Vine Investments LLC
When advisers and clients discuss what's happening in Washington, it tends to be an outlet for venting about political gridlock
As work begins on the final version of the Volcker rule, wirehouse financial advisers say that their high-net-worth clients would feel the biggest impact from any new regulations that placed investment restrictions on financial institutions
Most parents are aware of Section 529 college savings plans and like them. So why do only about 21% actually use them?
Enforcement actions against advisers up by nearly a third, B-Ds by 60%; 'settlements are not feeble'
Says AG's complaint devoid of any allegation of misrepresentation by brokerage to clients
