Iowa will be the first state to join an initiative to provide customers with plain-English disclosure on fixed and indexed annuities.
The Investment Management Consultants Association has been attracting more independent planners and advisers.
A new survey on consumer attitudes toward college savings has stoked the ongoing controversy about the need for a national marketing plan to promote Section 529 college savings plans.
LPL Financial will increase its spending on monitoring tools and in other areas to make sure it does not experience a repeat of last year's technology glitches, according to its new chief information officer.
College Savings Foundation sets Washington summit meeting with student aid and loan groups.
Housing, credit woes have caused economic turmoil, said former Fed chief.
Balance of trade deficit dips to $58.2 billion in December, according to report from the Commerce Department.
Several sectors of the economy experience minimal growth.
Despite economic concerns, the central bank keeps interest rates unchanged.
Raymond James has won a $1.75 million arbitration claim against Cantor Fitzgerald.
Consumer sentiment level falls to 16-year low.
Officials have testified that the time is right for a federal insurance regulator.
RBC Dain Rauscher will acquire Ferris Baker Watts Inc., a broker-dealer in Washington.
Insurer settles with California over allegedly inappropriate fixed annuity sales.
The rate of growth in European economies slipped in the fourth quarter, according to the European Union Statistics Office of Luxembourg.
UBS reports a record $11.3 billion fourth quarter loss.
DTCC has trimmed fees for mutual fund and insurance transactions.
Credit Suisse, Marsh & McLennan and Evercore reported negative returns in the fourth quarter, while Stifel saw a 92% increase.
Cynthia King will be head of products for the the company’s Employer Markets Defined Contribution and Executive Benefits Business segment.
Goldman Sachs has created an index for investors seeking opportunity in longevity and mortality risk.
