Fidelity's gift fund reached a record level of $1.17 billion in grants to charity in 2007 — an increase of 24% over 2006.
Confidence among investors with more than $500,000 in investible assets tumbled to an all-time low in January.
One money manager and two exchange operators posted profits in the fourth quarter, while an insurer's earnings headed south.
Iowa will be the first state to join an initiative to provide customers with plain-English disclosures on fixed and indexed annuities.
Sun Life Financial's U.S. division announced the creation of a new group and a change in leadership.
The non-manufacturing sector saw its biggest one-month drop since they started keeping record in June 1998.
The number of advisers and brokers considering switching firms was on the rise last year.
While more money flowed into Janus Capital Group's mutual funds in 2007 than out - an occurrence not seen since 2000 - advisers are skeptical about whether the once-troubled fund company has regained its footing completely.
The rich are different from you and me, according to F. Scott Fitzgerald.
Saving a sufficient amount of money for retirement was the top concern of clients in a recent survey of accountants who provided financial planning services.
Variable annuities with guaranteed-minimum-withdrawal benefits allow investors to reduce risk and increase retirement income, according to a recent study.
The forces that drove the retirement marketplace in 2007 — the automatic enrollment and default option provisions of the Pension Protection Act of 2006, the aging baby boomers and a focus on the rollover market — will continue to shape product launches this year.
Wall Street pundits should lay off Fed Chairman Ben Bernanke and his Federal Reserve Board colleagues for being cautious with interest rate moves.
Raymond James' asset-management unit and its bank could be worth close to $4 billion, according to Barrons.
Research shows that women are more vulnerable to poverty in old age than men for several reasons, including their longer life spans, shorter and interrupted working careers, and lower earnings.
In January, 74,986 American workers were laid off, an increase of 69% from December’s total of 44,416.
Strong earnings and sound investment portfolios will keep the life insurance industry stable this year, according to Moody’s Investors Service.
If Charles Massimo had it to do all over again, he still would choose to leave Smith Barney and become an independent broker.
Despite a tough stock market and a $3 million bond write-off, Ameriprise Financial Inc. managed to increase its earnings substantially last quarter — thanks in part to sales of proprietary products.
