Guggenheim Partners LLC is ramping up its presence in the fixed-indexed-annuity realm with the purchase of an insurer
When a 74-year-old client visited Ellen R. Siegel six years ago with news of an upcoming 12% rate increase on the premium of her long-term-care insurance, the adviser knew she had to navigate the potential benefit cuts with the precision of a surgeon.
Will make lump-sum payment the default option; policyholders must opt in for retained-asset accounts
Advisory unit loses latest appeal of raiding case stemming from brokers' move to Stifel in 2008; ordered to pay lawyers' fees
NAIBD calls commission's insistence that agency cover Stanford losses 'a misfit solution'
In a survey of 173 advisers who went independent in the past five years, 76% said they are better off financially because of the move.
No payments made since business collapsed in 2009; 'living hell'
TD Ameritrade's Tom Bradley sits down with InvestmentNews deputy editor Frederick P. Gabriel Jr.
The SEC has filed a cease-and-desist order against an Illinois who called himself a registered investment adviser and a representative of a broker-dealer online and used social media in an attempt to scam gullible investors.
Officials at the Securities Investor Protection Corp. are adamant that the agency should not have to cover victims of the R. Allen Stanford's alleged $7 billion Ponzi scheme. The SEC thinks otherwise. This should be one dilly of a court battle.
Charles Schwab has sued Bank of America Corp., Citigroup Inc. and other banks. The reason? The brokerage claims they conspired to depress Libor rates by understating their borrowing costs. That, in turn, lowered the interest rates on short-term paper that Schwab mutual funds bought from the banks, the suit alleges.
Kravitz took funds out of clients' accounts, put the cash in his own account; sentenced to 41 months in jail
Regulators plan to ask investment advisers to provide data about the costs and benefits of the financial advice business, as the SEC continues on its path towards devising a uniform standard of care for advisers.
iShares S&P National AMT-Free Bond Fund records largest loss since 2008; 'extremely overvalued'
