Fidelity Investments experienced outflows in its long-term mutual funds in October — the first time the fund behemoth has seen net outflows in months.
The price of gold surged to a fresh high Wednesday as the dollar fell to a 15-month low.
Raymond James Financial Inc. has no immediate plans to buy back its common stock, given the continuing hard times in the markets, the retail-dominated brokerage's president said today.
With the recession apparently over, the Federal Reserve held a key interest rate at a record low and again pledged to keep it there for an "extended period" to foster the fragile economic recovery.
The investment advisory division of Raymond James Financial Services Inc. has raised the minimum level of assets under management for new clients to $50 million, from $30 million.
Raymond James Financial Services revealed a new strategy for targeting “elite” registered investment advisers.
For months, large financial services companies have been laying off people by the hundreds — but it is a different story for smaller advisory firms that must say goodbye to employees who have become like family members.
Swiss Reinsurance Co. Ltd. today issued a $150 million natural-catastrophe bond using the capital markets to protect itself from natural disasters.
Thanks to foot-dragging by Congress and the Department of Labor, millions of participants in defined-contribution retirement plans have struggled through the financial crisis and market crash without
Annuities coupled with long-term-care benefits could make a splash next year if the IRS and insurers can hammer out a tax kink that threatens to dull the appeal of the new hybrid.
They used to ride desks and flog stocks, but now some Wall Street refugees are choosing to walk a beat and chase bad guys.
Call it the ultimate teaser rate.
There are few places in the tax law where one can “undo” an earlier taxable act.
At the same time that LPL Holdings Inc. and the three broker-dealers it bought from Pacific Life Insurance Co. were filing suit against the insurer, LPL was reaching out to its advisers to reassure them that the dispute wouldn't affect their businesses.
French bank BNP Paribas on Tuesday raised its savings target from the acquisition of Belgian lender Fortis, saying it expects annual synergies of euro900 million ($1.35 billion) by 2012.
As shoppers around the nation crowded stores and malls in the wee hours Friday to grab discounts and hard-to-find items, early reports pointed to some renewed spending vigor.
Advisers using the Thomson Reuters' Quantitative and Event Driven Trading solution set will soon have one more morsel of data coming their way to help them gain an edge in their trading strategies.
Stocks rose in light volume Wednesday following a drop in weekly unemployment claims to the lowest level of the year and a rise in new home sales.
