California is closing its adviser-sold Section 529 college savings plan and folding its $283 million in assets into the state's much larger direct-sold plan, after failing to find a company to manage the adviser-sold plan.
A nation's GDP to debt ratio usually becomes worrisome near 90%. Japan's is now over 200%. Forget Europe, writes Barry Glassman, Japan is the global economy's real elephant in the room. | Related graphic: <a href=http://www.investmentnews.com/apps/pbcs.dll/misc?url=/misc/zoom.pbs&Site=CI&Date=20111213&Category=FREE&ArtNo=111219978&Ref=V2&credit=Glassman%20Wealth%20Management>Japan vs. the Euro land.</a>
Stiefel Labs accused of repurchasing shares without disclosing true value of the firm — or its imminent sale to pharma giant; charges denied
A hefty charge that ING Groep NV will take on its American variable annuity business appears to be a mixed blessing for investors hoping to snap up shares of the company's insurance unit once it makes its public debut.
Gold climbed the most in three weeks in London as a weaker dollar may accelerate demand for the metal as an alternative asset.
Industry groups want the SEC to review and possibly eliminate many of its regulations — including self-regulatory-organization rules.
Working with the Invest in Others Charitable Foundation over the past five years has given me a chance to witness the selflessness of people in the financial services industry
A new Allianz Life distribution program -- one that rewards top indexed-annuity sellers with exclusive products -- is ruffling feathers among agents and marketing groups
As The Charles Schwab Corp. officially begins promoting its new Independent Branch Services franchise program, observers wonder how the firm will pull off the ambitious plan to expand its footprint with independent contractors.
That's about the only upside of purchasing a share of the NFL's Green Bay Packers, whose currently for-sale stock can't be resold or traded, and according to the prospectus, does not constitute an investment. Punt.
Total assets under management of the largest 500 money managers in the world edged 4.4% higher in 2010, to $64.7 trillion, according to the annual Pensions & Investments/Towers Watson World 500 ranking
The proposed elimination of the mortgage-interest tax deduction for second homes will smack a number of states. Here's a look at how each state will fare -- and the additional amount homeowners could pay Uncle Sam. | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Avis=CI&Dato=20111025&Kategori=FREE&Lopenr=102509999&Ref=PH>The best-performing housing markets</a>
Recent market volatility is prompting Congress to examine the role ETFs may play in the gyrations. At the same time, ETF vendors are squabbling over the best way to dampen the risks arising from the popular funds.
Allege legitimate claims disallowed while trustees rake in excessive charges; 'customer is always shorted'
Patrick Cruickshank is one of at least four former Stanford Group Co. financial advisers and executives who may be sued by U.S. securities regulators for fraud, according to the Financial Industry Regulatory Authority Inc. and a lawyer for the brokerage's underwriter.
Connecticut has highest per capita income, but plenty of poor folks; solidly middle class now 'solidly hurting'
Market gyrations, low interest rates forces company to scale back; life insurance also nixed here
Uncertainty about what Congress does in 2012 confounding clients, tax planners; 'lot of unhappy people'
