Putnam Investments has joined the slew of fund companies launching online tools to help financial advisers talk to their clients about whether or not they should convert to a Roth Individual Retirement Account.
The head of the IMF said China and other developing Asian economies are leading a global recovery that is faster and stronger than expected, but warned that money rushing into emerging markets could lead to asset bubbles.
With the Senate set to reconvene this week, the insurance industry is stepping up its efforts to encourage members of the Banking Committee to support a comprehensive study into whether brokers should be forced to adhere to a fiduciary standard.
A California couple has filed suit against The Variable Annuity Life Insurance Co., an American International Group Inc. subsidiary, claiming that the company's sales agents misled investors about the tax advantages of using variable annuities in qualified retirement plans.
American International Group says it has slashed the amount of money it owes the government by $25 billion after moving two subsidiaries into special holding units ahead of their planned spinoffs or sale.
The U.S. unemployment rate rose to 9.8 percent in September, the highest since June 1983, as employers cut far more jobs than expected.
Benjamin F. Edwards & Co. has hired former hockey star Blake Dunlop to run its newly opened St. Louis branch.
Recent studies have shown clients are considering moving assets or changing advisors. This month, we've been focused on rejuvenating your office and practice without breaking the bank
Stock futures rose modestly Thursday, a day after President Barack Obama said the government should take new actions to bolster the economy and create jobs.
European stock markets continued to trade lower Monday following steep losses in the U.S. at the end of last week. Wall Street, however, regained some ground at the open even as concerns lingered about President Barack Obama's plan to curb banks' risk-taking.
European stock markets fell Monday as expectations for a rebound on Wall Street diminished amid ongoing concerns about President Barack Obama's plan to curb bank risk-taking.
Bank of New York Mellon says its fourth-quarter profit surged as asset and wealth management revenue offset lower interest income.
JPMorgan Chase & Co. said Friday it earned $3.28 billion in the last three months of 2009, extending a winning streak for big U.S. banks.
As the clock wound down on the Federal estate tax late last year, some financial advisers and attorneys saw an opportunity for their high-net-worth clients in this extremely muddled situation.
The Securities and Exchange Commission has obtained an emergency court order freezing the assets of a Minneapolis money manager and a nationally syndicated radio personality for allegedly operating a foreign-currency-trading scheme.
Suddenly the Federal Reserve is everybody's punching bag.
Nationwide Financial Network, the sales and marketing arm of Nationwide Mutual Insurance Co., has pushed back by three months the previous deadline for 200 independent financial advisers to find new broker-dealers.
SunAmerica Retirement Markets Inc., the AIG subsidiary, has released two new variable annuity riders — and the company vows to compete with rival carriers to grab advisers' attention.
