Bank holding companies' income from annuity sales plummeted in the first quarter, as the annuities lost their appeal during the stock market recovery.
Worried that new suitability rules for annuities will lead to conflicts between insurers and broker-dealers, an annuity advocacy organization has formed a working group of both parties to work out a solution.
If LPL decides to launch anytime soon — as of yet, no date has been set — it will be doing so smack dab in the middle of an incredibly difficult market for IPOs in general and financial services stocks in particular.
A lawyer in Denver has filed a suit against the Securities and Exchange Commission, demanding the names of the SEC employees who were recently disciplined for viewing pornography on government computers.
Goldman Sachs Group Inc. lowered its year-end forecast for the Standard & Poor's 500 Index to 1,200 from 1,250 and reduced its 2011 earnings projection, citing weakening economic forecasts.
Bacon lovers in the U.S. are paying record prices during the seasonal summer peak for consumption, and costs may keep rising through August because smaller hog herds led to an unprecedented plunge in meat inventories.
Financial advisory firm National Financial Partners Corp. said Wednesday it began a tender offer for $230 million in senior notes.
The pullout of Goldman Sach leaves NFP in control of Institutional Life Services. So what will they do with it?
Hundreds of New York City entrepreneurs are benefiting from a newly resurgent angel investor community, a varied crew of serial entrepreneurs, Wall Streeters and others who are taking stakes in early-stage companies.
Ivy League school's endowment tops Wilshire's ranking for second straight year; roar, Lion, roar
Capitalism, the free market no longer at work; making sense of the 'new normal' nearly impossible
Pacific Investment Management Co.'s Bill Gross said the Federal Reserve is unlikely to raise interest rates for two to three years as it seeks to keep the economy from slipping back into recession.
<b>The call for this week:</b> When I entered this business, some 40 years ago, one of my mentors told me to put 20% of my money into Treasury Bills, 20% into stocks, 20% into bonds, 20% into precious metals, and 20% into real estate.
Brokerage executives are slamming the SEC's proposal to allow broker-dealers to set their own sales charges on mutual funds, claiming that it could create problems for both the industry and individual investors.
The call for this week: According to my friends at Bespoke Investment Group, "The first half of the year came to an ugly end this week. The S&P 500 is down more than 8% over the last ten trading days, with down days 9 out of 10 times."
In the markets, you must be flexible. As the old sailor's axiom states – you can't change the direction of the wind, but you can adjust the sails.
Barton Biggs, the hedge fund manager who sold half his equity holdings at the start of July, said today that signs the U.S. economy will avoid a recession spurred him to build the stakes back up.
The Dodd-Frank financial-reform bill has been signed into law by President Barack Obama, for better or worse.
When HighTower Advisors LLC was launched in 2008, its pedigree and promise caught the industry's attention and the interest of a number of highly successful advisers.
