The University of Texas Investment Management Co. has taken the advice of Dallas hedge-fund manager J. Kyle Bass and now holds 6,643 gold bars, worth $987 million on April 15, in a bank warehouse in New York
Smaller life insurers — battered by the recession but ready to get back into the annuity business — have begun to outsource the manufacturing of fixed indexed annuities to marketing groups
Finding good sources of referrals and winning over prospects is more of an art than science.
The Securities Investor Protection Corp. is taking issue with a warning from the SEC's inspector general that the cost of liquidating Bernard Madoff's firm and Lehman Brothers could deplete the SIPC's reserve fund
Investors are shorting commodities, a sign that the sector's rally may soon be over.
Bank of America's Global Wealth and Investment Management division — and specifically the Merrill Lynch brokerage operation — continue to benefit from improving markets.
The indie B-D is bucking the trend with the launch of its expanded fee-based VA platform. A single fiduciary standard will likely improve the odds of success
Advisers notified clients about planned reduction in features, hike in fees
Finra is seeking to shut down a broker-dealer it alleges is selling fraudulent oil and gas private placements.
Axa Equitable Life Insurance Co. has paired up with Wilshire Associates Inc. to give small and midsize retirement plans access to fiduciary services.
The U.S. Securities and Exchange Commission has named Julius Leiman-Carbia as an associate director to lead the agency's national broker-dealer examination program.
Finra claims Pinnacle Partners is continuing to mislead potential investors about oil and gas private placements – even though the firm has already been hit with a cease-and-desist order. The firm's boss, however, denies all charges lodged by the industry regulator.
Independent financial advisers slam his economic policies; Reagan still the man
Greater certainty around taxes spurs increased donations to donor-advised funds
In a move likely to be closely watched by the financial planning community, a leading adviser-credentialing organization is reforming its ethics requirements to focus on its own conduct and practice standards
