Banks will not displace wirehouse channels, but will receive a larger share of growth and assets.
Mr. Strangfeld, currently vice chairman of Prudential, now runs all of the company’s U.S. businesses.
The third-quarter economy expanded at its fastest pace in four years, growing 4.9%, according to a Department of Commerce report.
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.
The son of New York philanthropist Brooke Astor and his attorney are expected to be indicted due to their handling of her $198 million estate.
Wiley and Fisher Investments create joint venture to publish books written by asset manager's employees.
Citigroup Inc. is selling a 4.9% stake to the Abu Dhabi Investment Authority, in a transaction valued at $7.5 billion.
Barclays PLC said earnings will be in line with consensus, despite a £1.3 billion ($2.7 billion) write-down.
Oregon's new certificate of deposit linked to the S&P 500 Index offers a guarantee and possible growth.
Prices of existing U.S. homes fell 4.5% in the third quarter, according to the S&P/Case-Shiller Home Price Indices.
Conference Board says worries about the stock market and rising gasoline prices led to 7.9-point drop in November.
The number of asset managers participating in model portfolio programs has doubled over the past four years.
Financial advisers lack interest in new retirement income products, with many reporting that the products are too complicated and costly, according to observers.
While many retirees are happier than their counterparts who are working, few who have retired have actually formulated a financial plan for their retirement years.
I would like to respond to recent comments of Sallie Krawcheck, chief executive of Citigroup Inc.'s global-wealth-management division, as quoted in "Krawcheck: Accept the F[iduciary] word" (InvestmentNews Daily, Nov. 8.).
As discussed in earlier columns, there are two types of structured-note products — those without a principal guarantee and those that guarantee the return of principal as a worst-case scenario.
