News

Displaying 43093 results
RIAS FEB 27, 2009
Advisory (and adult escort) exec accused of embezzlement

An executive at an investment advisory firm who allegedly ran an adult escort business has been accused of pilfering $400,000 from his company's 401(k) plan.

By Bloomberg
RIAS FEB 27, 2009
Obama tax plan winner? Tax-managed funds

President Obama’s proposal to raise taxes on affluent households, detailed in his budget plan today, could be a boon for tax-managed mutual funds.

By Bloomberg
RIAS FEB 27, 2009
Adhesion Wealth Advisor Solutions, Stonefield Software

Adhesion Wealth Advisor Solutions has upgraded its WealthADV Unified Managed Account platform, while Fla. vendor unveils report creation software

By Bloomberg
INDUSTRY NEWS FEB 27, 2009
Economists question Obama budget

The Obama administration insists it isn't so, but some private economists are wondering if it has brought "Rosy Scenario" back to town.

By Bloomberg
RETIREMENT PLANNING FEB 27, 2009
Utilities are slashing dividends, analyst says

The utilities sector is no longer the slam dunk it once was when it comes to generating income for investors.

By Bloomberg
LIFE INSURANCE AND ANNUITIES FEB 26, 2009
Hartford COO to step down

Thomas M. Marra, chief operating officer of The Hartford (Conn.) Financial Services Group Inc., will retire from his post July 3.

By Bloomberg
LIFE INSURANCE AND ANNUITIES FEB 26, 2009
Ohio to relax accounting rules for 20 insurers

The Ohio Department of Insurance has confirmed it will provide temporary reserve relief for 20 insurance companies headquartered in the state.

By Bloomberg
REGULATION AND LEGISLATION FEB 26, 2009
Analysts united: Citi deal bad for bank stocks

Many analysts and money managers wondered what impact nationalization would have on other bank stocks.

By Bloomberg
RETIREMENT PLANNING FEB 26, 2009
Fearing low turnout, FPA cuts conference fee

The Financial Planning Association has lowered the registration fee for one of its upcoming conferences in light of the downturn in the economy.

By Bloomberg
INDUSTRY NEWS FEB 26, 2009

The government says orders for big-ticket goods plunged by a bigger-than-expected 5.2 percent in January.

By Bloomberg
INDUSTRY NEWS FEB 26, 2009
GM posts $9.6B loss in fourth quarter

General Motors Corp. posted a $9.6 billion fourth-quarter loss and said it burned through $6.2 billion of cash in the last three months of 2008.

By Bloomberg
INDUSTRY NEWS FEB 26, 2009
First-time unemployment claims jump

The number of newly laid-off Americans seeking unemployment benefits rose far more than expected last week.

By Bloomberg
RIAS FEB 26, 2009
Phillies send relief for lefty pitcher

The World Series champion Phillies are relieving one of their pitchers, whose cash is frozen in the wake of the alleged $8 billion fraud committed by R. Allen Stanford.

By D Hampton
INDUSTRY NEWS FEB 26, 2009
Citigroup close to ownership deal with government

By Bloomberg
LIFE INSURANCE AND ANNUITIES FEB 25, 2009
Bernanke backs optional fed charter for insurance

Federal Reserve Chairman Ben Bernanke today backed the idea of creating an optional federal charter for insurance.

By Bloomberg
LIFE INSURANCE AND ANNUITIES FEB 25, 2009
More boomers buying long term care insurance

The age of long term care insurance purchasers continues to skew downward as more baby boomers buy policies.

By Bloomberg
LIFE INSURANCE AND ANNUITIES FEB 25, 2009
Advisers want more-understanding wholesalers

Financial advisers, already overwhelmed with frazzled clients, want more understanding from their wholesalers.

By Bloomberg
REGULATION AND LEGISLATION FEB 25, 2009
Obama begins 'stress tests' of banks

Obama administration begins "stress tests" to gauge the health of America's biggest banks.

By Bloomberg
MUTUAL FUNDS FEB 25, 2009
Eaton Vance 1Q profit down 57%

Eaton Vance Corp. said Wednesday its fiscal first-quarter profit shrank by more than half.

By Bloomberg
RETIREMENT PLANNING FEB 25, 2009
Advisers, adopt Obama’s tone

By Bloomberg