Smaller life insurers — battered by the recession but ready to get back into the annuity business — have begun to outsource the manufacturing of fixed indexed annuities to marketing groups
In yet another shake-up at Morgan Stanley, Greg Fleming, president of the bank's asset management and wealth management operations, has hired a former Smith Barney exec as chief operating officer of the joint venture Morgan Stanley Smith Barney LLC
Finding good sources of referrals and winning over prospects is more of an art than science.
The Securities Investor Protection Corp. is taking issue with a warning from the SEC's inspector general that the cost of liquidating Bernard Madoff's firm and Lehman Brothers could deplete the SIPC's reserve fund
Investors are shorting commodities, a sign that the sector's rally may soon be over.
Bank of America's Global Wealth and Investment Management division — and specifically the Merrill Lynch brokerage operation — continue to benefit from improving markets.
The indie B-D is bucking the trend with the launch of its expanded fee-based VA platform. A single fiduciary standard will likely improve the odds of success
Advisers notified clients about planned reduction in features, hike in fees
Finra is seeking to shut down a broker-dealer it alleges is selling fraudulent oil and gas private placements.
Axa Equitable Life Insurance Co. has paired up with Wilshire Associates Inc. to give small and midsize retirement plans access to fiduciary services.
Finra claims Pinnacle Partners is continuing to mislead potential investors about oil and gas private placements – even though the firm has already been hit with a cease-and-desist order. The firm's boss, however, denies all charges lodged by the industry regulator.
The U.S. Securities and Exchange Commission has named Julius Leiman-Carbia as an associate director to lead the agency's national broker-dealer examination program.
Independent financial advisers slam his economic policies; Reagan still the man
Greater certainty around taxes spurs increased donations to donor-advised funds
