Michael Diekmann, whose Allianz SE owns Bill Gross's Pacific Investment Management Co., said a plan by the bond-fund manager to expand into equities is proving harder than expected.
Even with a deadline looming for the U.S. to avoid a debt default, it's been a comparatively calm October for financial markets.
U.S. stocks are trading virtually in lockstep with 1954, the best year for American equity and the time when shares finally recovered all their losses from the Great Depression.
With corporate profits shrinking, companies are looking at other means of boosting their stock prices. And that has ratings agencies worried.
When is a $1M meal a bargain? When it's with Warren Buffett. This year's winning bid for the annual charity get-together is way down from last year's. See how the market for lunch with the Oracle has changed over the years.
Shell-shocked by market crises, Gen Y holds onto cash, doesn't use advisers, survey says
Morningstar Inc. has upgraded its ratings on The Charles Schwab Corp.'s target date funds to “neutral,” from “negative,” because of improved performance, new leadership and stability.
Last week, the House of Representatives approved a bill that would stall a final rule on establishing a fiduciary standard for retirement plan advisers. With any luck, that's as far as this legislation gets.
Mary Beth Franklin dishes on how the Social Security Administration sends millions in benefits to deceased people...and how, in some cases, people who are very much alive are declared dead.
Why this administration has something to brag about, and other must-reads from wealth manager and CNBC commentator Josh Brown
Gen Xers and Millennials approach financial advice differently than their parents. Advisers need to learn what makes them tick to hold onto the family's assets.
With a shortage of advisers facing the industry, the cost to keep them will continue to go up, Fidelity's Waldemar Kohl said. The median compensation cost per lead adviser has grown to $174,000 this year from $165,000 in 2009, according to numbers presented at the conference. And personnel costs make up about 70% of adviser expenses.
State securities regulators cracked down on more investment adviser applications last year after thousands of midsize advisers switched to state oversight from the SEC.
What to do when you get the wrong answer from the Social Security Administration
What to do when you get the wrong answer from SSA
“It's not a game of gotcha,” SEC chairman tells compliance officers.
Even big name bond advocates like A. Gary Shilling or Robert Arnott would have difficulty arguing that bond market performance over the last 30 or 40 years was likely to repeat itself.
Protective CEO and management team will remain in place; deal creates 13th-largest global insurer.
