Sources say the firm has been asking hedge funds to take on mortgage-related securities.
Americans were making more and spending less in the month of September, according to two reports from the Department of Commerce.
The layoffs are part of a global restructuring plan that will cut down on expenses, Aon said in a filing with the SEC.
Millions have the potential to realize additional tax savings by donating securities with long-term appreciation.
Sun Life Financial’s U.S. division received the Life Office Management Association Educational Achievement Award.
Pershing has added Calamos Asset Management to its FundVest no-transaction-fee mutual fund platform.
Real gross domestic product out-performed economists’ expectations, rising 3.9% in the third quarter.
Citigroup Inc. will buy Carlton Hill Global Capital, a New York-based fixed-income money manager.
To serve RIAs, FundQuest has added Russell products to its managed accounts platform.
August home prices slumped for the eighth consecutive month and consumer confidence took a downward turn in September.
RIA firms racked up $1.4 trillion in assets this year, compared to $950 billion in assets in 2005.
The new not-for-profit organization will called LL Global Inc., providing a unified management structure.
Americans are in denial about their finances. Federal data show that they spend like there's no tomorrow. Our middle class is among the most affluent in history, but many live paycheck to paycheck, their futures mortgaged to fund their increasingly expensive amusements.
The average age of a buyer is now 58, down from 61 in 2005, and 67 in 2000, according to a survey.
He will replace Raj Singh, who will take a new position at the Swiss Reinsurance Co.
The North American Securities Administrators Association Inc. and the Public Investors Arbitration Bar Association want to remove industry arbitrators from securities arbitration panels, arguing that the presence of industry representatives makes the panels inherently unfair.
Age-based mutual funds appear to have firmly cemented a commanding position as the investment option of choice in Section 529 college savings plans, according to industry executives at the annual 529 Technical Conference in Las Vegas last week.
It would seem that after the latest sell-off, financial services stocks would be a screaming "buy" for most investors.
After 11 years as an emergency room physician, Carolyn McClanahan saw her career change course.
As November approaches, and 2007 comes to a close, investors are taking stock of their realized and unrealized gains and losses for the year.
