More advisers are turning toward fixed-income annuities as a new asset when they create retirement plans for their baby boomer clients.
Investment advisers can thank the 2006 Pension Protection Act for giving them a new opportunity.
It's time for all investors, institutional and individual, to tell boards of directors: "We're mad as hell, and we're not going to take it anymore!"
Crude-oil prices may be skyrocketing, the dollar plummeting and housing sinking, but money matters will be of great importance to only 17% of Americans when they make their New Year's resolutions for 2008, according to a survey conducted by Country Insurance and Financial Services of Bloomington, Ill.
John Thain may bring aboard Nelson Chai of NYSE Euronext as he takes the helm at Merrill, The Wall Street Journal reported.
The firm will change its pay policies to comply with a wage-and-hour lawsuit the firm settled last year.
Morgan Stanley co-president Zoe Cruz is the latest casualty of the mortgage crisis, leaving after 25 years at the firm.
Josh Brooks, chief investment officer for large-cap equities at Putnam Investments, is leaving the firm.
The price index for personal consumption expenditures increased 0.3% for the second consecutive month in October.
The White House toned down its forecast for economic growth for 2008, but still predicted "solid growth" throughout the year.
Banks will not displace wirehouse channels, but will receive a larger share of growth and assets.
Individual life insurance premium sales jumped 20% during the third quarter, according to LIMRA International.
The third-quarter economy expanded at its fastest pace in four years, growing 4.9%, according to a Department of Commerce report.
Mr. Strangfeld, currently vice chairman of Prudential, now runs all of the company’s U.S. businesses.
The dollar rose against the euro this morning, trading at $1.4743, up from $1.4841 yesterday.
Legislation allowing donations from IRAs to individual charities will not include donations to donor-advised funds.
The portal gives advisers access to fund attribution analysis, portfolio commentaries, portfolio holdings analysis, and sector/security attribution.
Sales of existing homes fell in October pushing supply of homes to the highest level since 1985.
Michael John Brooks is charged with four counts of second degree criminal sexual misconduct.
