The following is an investment strategy column by Jeffrey D. Saut, managing director at Raymond James & Associates Inc.
The FDIC labels more than 700 U.S. banks as 'problems'. Nearly 10% could fail. Meanwhile, one analysts claims regulators are hoping the economic turnaround will bail out the bad banks. It better.
Insurance companies are scoping out new distribution channels for variable annuities. Managed-money programs and 401(k) plans top the list of targets.
The battle for talent in the wealth management industry appears far from over as evidenced by several hiring announcements today.
Citigroup says it lost $7.58 billion during the final three months of 2009 as consumers still struggled to repay loans and the bank repaid its government bailout money.
A team of four financial advisers has left Morgan Stanley Smith Barney, where they advised on $267M in client assets, to join the private-wealth-management group at Robert W. Baird & Co., according to a company spokesperson.
Proceeds from the planned private placement of senior second-lien secured notes will be used in part to help support the businesses of some 100 broker-dealer clients Penson hopes to absorb in its Ridge purchase
Genworth's Total Living Coverage Annuity can also be covered through a tax-free 1035 exchange out of an old annuity or life insurance product.
Monthly sales of bank annuities have been declining steadily since climbing to a 2009 high last March.
A number of financial advisers are using the health care reform legislation passed last week as an opportunity to reach out to clients and review their investment portfolios.
Investment advisers should be closely examining the sweeping bill to overhaul American health care to determine how it will affect their clients' investment strategies.
After months of criticism that it hasn't done enough to prevent foreclosures, the Obama administration is announcing a plan to reduce the amount some troubled borrowers owe on their home loans.
FundQuest is partnering with Envestnet Asset Management Inc. to offer advisory firms additional IT resources.
In this week's much anticipated State of the Union address, President Obama again demonstrated his poor understanding of the fundamental problems that confront our nation. By following the advice of the same people who helped guide our economy to the precipice of total collapse, Obama now threatens to push it over the edge.
Robert McCann, CEO of UBS AG's Wealth Management Americas, announced several appointments to his “Renewal” team Tuesday — including Bob Mulholland, a 25-year Merrill veteran, who will replace Jamie Price as head of UBS' adviser group.
T. Rowe Price Group Inc. took the award for the best large mutual fund group, and RidgeWorth Capital Management Inc. won best small fund group last night at the Lipper Fund Awards, which took place at The Plaza Hotel in New York.
The signing on Tuesday of the landmark legislation removes much of the uncertainty that's been hanging over the medical industry.
Republican members failed to set off any fireworks. Bankers, on the other hand, were quick to torch the bill.
It just could be the biggest oil field discovered in the contiguous US in more than 40 years…
