The Phoenix Cos. Inc. has formed an alliance with Jefferson National Life Insurance Co. in which Phoenix will use the Jefferson technology platform to offer no-load variable annuities to fee-based advisers at wirehouses and regional broker-dealers.
As we spoke, I could tell by the glint in his eye and his body language that Michael L. Weiss, chief executive of Frontier Financial Advisors LLC, is a helluva salesman. The fact that he was several miles away was just a technicality.
With the third-quarter-earnings season in full swing, financial advisers and analysts are finding similarities between this technology boom and the previous one — and they can't help but wonder if another bust is on the horizon.
Merrill Lynch has launched an independent broker-neutral platform for its prime brokerage clients in the hedge fund industry.
Merrill Lynch is stoutly denying that its finance chief, Jeffrey Edwards, will get the boot.
Cory Little will head the private banking and investment unit in Boston's global wealth management group.
A subsidiary of NYSE Euronext announced that connectivity to the BATS market center is available via the Secure Financial Transaction Infrastructure.
One of the nation's top-producing independent brokers is under investigation by Michigan securities regulators.
Financial advisers who are frustrated over perceived shortcomings in mutual-fund- rating systems soon will have a new prism through which to view funds.
Independent advisers who are interested in separately managed account platforms but have always thought they were too expensive may want to take a fresh look at what is out there today.
The financial advisers with the fastest-growing businesses aren't succeeding by accident.
A.G. Edwards & Sons Inc. has sued more brokers who left the firm in the wake of its recent merger with Wachovia Securities LLC.
In an effort to get more wirehouse brokers to break away and become independent registered investment advisers, Schwab Institutional plans to roll out today an all-in-one benefits and payroll package designed for the newly independent RIA.
The Master-Liquidity Enhancement Conduit seeks to prevent an asset fire sale and to stimulate credit markets.
For the most part, the current crop of software programs aimed at helping financial advisers manage their clients' assets through retirement fall short of their goals, according to a leading technology analyst.
There is something rotten in the state of Michigan. Gov. Jennifer Granholm and state lawmakers emerged from a recent late-night budget session with a new 6% sales-and-use tax that affects investment advice services, among about 20 other previously untaxed services.
Social Security was once the third rail of politics. For years, the conventional wisdom held that if politicians mentioned the system's financial problems and so much as alluded to changing anything, they faced electrocution in the court of public opinion and a grisly end to their career
Participants in 401(k) plans deserve to know exactly how much of their money is paying for their funds and services.
House Education and Labor Committee Chairman George Miller, D-Calif., is expected to remove a controversial requirement from his 401(k) bill that a low-cost index fund be included in all such plans, said an industry official.
