Insurance broker and consulting firm Marsh & McLennan Cos. said Monday that it will extend President and CEO Brian Duperreault's contract an additional three years to Jan. 29, 2014.
The performance of the Dow Jones Industrial Average —up 12% for all of 2009—and other broad market indicators, are evidence that the recession is over and normalcy is returning to both the stock market and the economy, according to some industry experts.
The rise in the price of gold is only getting started, according to Thomas Winmill, president of Midas Management Corp. and manager of the $115 million Midas Fund.
Client-centric marketing tactics and a more emotional approach are key to financial advisers' efforts to distinguish themselves from their competition, a tele-savvy adviser said today at the Insured Retirement Institute's annual conference in Boston.
Another key executive with the ING Advisors Network Inc. has stepped down, as the network's parent, ING Groep NV, continues an evaluation of the broker-dealers that could lead to their sale.
The Insured Retirement Institute today chose James A. Shepherdson, executive vice president of Axa Equitable, as the group's chairman.
Al Frank Asset Management Inc. today announced it has acquired Innealta Portfolio Advisors LLC, a quantitative asset management firm specializing in the creation and tactical management of exchange-traded fund portfolios.
Not many mutual fund managers have a 19-year tenure on a fund, and only a handful of them were able to outperform their peers in all three major bear markets of the past two decades.
The worst of the recession may be over, but the financial system still faces risks, Mohamed El-Erian, chief executive of Pacific Investment Management Co., and Laurence Fink, chief executive at BlackRock, warned financial advisers at the Schwab Impact conference last week in San Diego.
Morgan Keegan & Co. Inc. has lost another arbitration case stemming from losses suffered by a former professional athlete when its bond funds blew up: This time it is liable to a former NBA all-star for $1.45 million in damages.
Judging by the recent 2009 Moss Adams/ InvestmentNews Adviser Compensation and Staffing Study, financial planning, investment advisory and independent-brokerage firms could teach companies in many other fields how to manage in tough times.
Wagging his finger from the bully pulpit of Federal Hall, President Obama reminded financial leaders last week of the urgent need for new, tighter financial regulation.
Assets managed by the 50 largest registered-investment-advisory firms grew by a barely perceptible 0.4% during the second quarter, according to research conducted by RIA Database for <i>InvestmentNews</i>.
James McDonald, president and chief executive of Rockefeller & Co. Inc., one of the country's largest multifamily of-fices, died on Sept. 13.
Deflation is working its way back into polite conversation.
The Department of the Treasury wants all states that have an income tax and also sponsor a Section 529 college savings plan to offer residents a tax break, no matter what plan they choose, even if it is one from another state.
The immediate future continues to look bright to Tom Forester, manager of the $90 million Forester Value Fund (FVALX). The fund stood out at the end of last year for its 0.4% gain.
The Bad Advisors and outright crooks always grab the headlines; time to strike back.
The chairman of the Federal Deposit Insurance Corp. says she is "considering all options, including borrowing from Treasury," to replenish the dwindling fund that insures bank deposits.
The Vanguard charitable fund has seen a double-digit increase in contributions this year, while comparable funds at Fidelity and Schwab didn't fare as well.
