Fidelity Investments laid off 550 workers this week, largely from its personal and workplace investing unit and human resource services unit.
The net wealth of U.S. households declined by $1.7 trillion, in the first quarter of the year, the largest decrease since 2002.
Michael Burson has been promoted to senior vice president for recruiting in Asia.
T. Rowe Price Group’s board of directors has approved a 15 million share increase in the company's stock buyback plan.
The Current Conditions Index shed nearly 17 points to fall to a reading of 40.5, down from a reading of 57.4 last month.
The bond insurers are also facing downgrades from Moody's Investors Service.
This year through April, just seven deals for RIAs were struck, in contrast to last year, when 58 deals were struck.
This year through April, just seven deals for RIAs were struck, in contrast to last year, when there were 58 deals.
The bond insurers are also facing downgrades from Moody's Investors Service.
The Current Conditions Index shed nearly 17 points to fall to a reading of 40.5, down from a reading of 57.4 last month.
Alternative asset allocations increased to 28%, compared with 23% in the previous year.
The SEC has not decided if synthetic guaranteed minimum withdrawal benefits should be be treated as securities.
Washington Mutual board chairman Kerry Killinger and Marsh & McLennan CFO and VP Matthew B. Bartley will leave their jobs.
Orders for factory-made goods unexpectedly rose 1.1% in April, due to a strong increase across several industries.
Plaintiff’s attorneys are going to have a tougher time seeking class action status in alleging the improper sale of an annuity.
MassMutual announced that it had completed its purchase of First Mercantile Trust Co. from SunTrust Banks Inc. of Atlanta.
The first income guarantee wrap-per around a managed-account portfolio hasn't even been sold yet, but its mere existence has sparked growing interest in retirement income products within the managed-accounts industry.
A mantra of tax-efficient investing is to harvest capital losses and defer all gains.
Fidelity Investments' recent launch of an emerging-markets fund may signal the next frontier, but emerging markets' reputation for risk will likely lead investors to keep exposure to a minimum.
Open architecture has been slow to come to the structured products market.
