The U.S. trade deficit rose in March for the first time since last July as the global recession cut sharply into sales of American exports.
The Internal Revenue Service has delivered two revenue rulings to help determine the tax hit on life settlements.
Corporate giving is expected to decline this year, according to a survey released today by The Foundation Center, a New York-based nonprofit service research organization that focuses on philanthropy.
World stock markets fell Monday as investors took advantage of a light financial news day to book profits made over the last couple of weeks — and recently buoyant bank stocks bore the brunt.
Interest rates on short-term Treasury bills fell in Monday's auction with rates on six-month bills dropping to the lowest level since mid-January.
A newly formed organization, Metro-New York Philanthropic Advisors Network, has been developed for advisers, other financial leaders and high-net-worth clients to network and share stories about philanthropic giving.
Jacqueline “Jackie” Williams, a leading figure in the Section 529 college savings plan industry, is leaving her job as executive director of the Columbus-based Ohio Tuition Trust Authority to become director of New America Foundation’s College Savings Initiative, effective June 1.
Equity managers overall got a boost at the end of the first quarter, thanks to the March rally, but the firms at the top of the performance charts for the 12-month period ended March 31 were those that followed non-traditional strategies, according to Morningstar Inc.'s database of separate accounts and collective investment trusts.
Safety reigns supreme this year, with managers of long-duration and government bond strategies taking six of the top 10 spots in Morningstar Inc.'s database of separate accounts and collective investment trusts for the year ended March 31.
President Obama was off-base to castigate the Chrysler secured debt holders who held out against the proposed deal to rescue Chrysler LLC.
Executives of Neuberger Berman Group LLC, now running the $155 billion money manager as an independent firm, plan to share some of their institutional-only investment strategies with investment advisers and individuals for the first time.
Some time ago, a reporter asked me a simple yet profound question: “If everyone providing investment advice were held to a fiduciary standard of care, how would things be different than they are today?”
Unlike most bank executives, John Taft — director of Royal Bank of Canada's U.S. wealth management business — can make a compelling case for the economic crisis being good for business.
The Securities and Exchange Commission will issue a rule proposal as early as this week that would lead to surprise audits of investment advisory firms that held custody of their clients' assets.
Declining endowment values are leading many small family foundations to question their future.
Disgraced financier and jailbird Bernard L. Madoff is about to get the big-screen treatment.
Most corporate financial officers think that financial reports are too confusing for the average investor, but in-depth disclosure about a firm's strategies and opportunities would be helpful, a new survey found.
Insurers are rolling out adjustments to their variable annuity products — this time with an air of caution.
The results of the Federal Reserve's examination of the nation's 19 largest banks don't adequately characterize the state of the financial industry, according to 75% of financial advisers responding to a question in an <i>InvestmentNews</i> poll.
Account openings at Fidelity Investments from registered investment advisers and their clients jumped 30% in the first quarter.
