The New York Insurance Department will hold a public hearing tomorrow on the marketing of life insurance and annuities, specifically focusing on suitability of sales to seniors.
A former Morgan Stanley broker was barred today by the Financial Industry Regulatory Authority Inc. for allegedly misappropriating $11,156.47 from the charitable foundation of a 97-year-old nursing home resident who was his client for more than 20 years.
The Charles Schwab Corp. said its campaign to help wirehouse brokers become independent investment advisers is picking up speed at summer's end.
John Hancock Retirement Plan Services today kicked off a relationship with Edward D. Jones & Co. LP, providing the firm's financial advisers with access to its retirement plan products.
Managing client expectations about investment performance remains independent advisers' biggest challenge, but they are regaining confidence in the economy and directing more investments to equities and away from cash and bonds, according to The Charles Schwab Corp.'s semiannual Independent Advisor Outlook Study.
Advisers are wary of President Obama's financial-regulation plans despite his warning today against a return “to the days of reckless behavior and unchecked excess.”
The Commodity Futures Trading Commission has charged CapitalStreet Financial LLC, a foreign exchange trading firm in Denver, N.C., with operating a Ponzi scheme in which at least 69 customers were allegedly bilked out of an estimated $1.3 million.
Companies are starting to restore matching contributions to their 401(k) plans after extensive cost- cutting and signs of improvement in the economy.
In the lexicon of regulatory reform, “harmonization” is a key word.
With tax reform high on the administration's agenda for next year, the life insurance industry is pushing for preferential treatment for annuities.
The chief lobbying official for the Financial Planning Association is stepping down this month.
Sen. Charles Schumer's plan to allow the Securities and Exchange Commission to keep the fines it levies is drawing fire for creating a possible conflict of interest for the agency.
Before deciding where to wine and dine your significant other, chances are you will take a gander at a restaurant review or two online.
The New York State Insurance Department is proposing a rule requiring more transparency about how the sellers of insurance products are compensated.
Tapping 401(k) retirement funds to meet expenses is a last resort for many investors, but the relentless economic downturn took its toll this year, as hardship withdrawals saw double-digit increases, according to record keepers.
To date, Tamarac Inc. has been known for its re-balancing and trade order generation platform, but that is about to change. The company is simultaneously making two announcements.
The Hartford Financial Services Group Inc. yesterday formed Hartford Life Distributors, an entity that consolidates its distribution forces for 401(k) plans and individual products.
Version 8 of Junxure <a href="//www.investmentnews.com/apps/pbcs.dll/article?AID=/20080415/REG/147477097/1102/INTechnologyNews03"" target="”_blank”" rel="noopener noreferrer">customer relationship management</a> software and Junxure Mobile, a separate product that will provide advisers on-the-go access to their CRM database, are slated to be released soon.
In my <a href= http://www.investmentnews.com/article/20090716/REG/907159988>last column</a>, I provided an analysis of the income guarantees from a life-only, immediate annuity versus the likelihood of running out of money if you kept your retirement savings invested in the markets. I received a lot of comments on that column, and I thought I'd respond to several of them.
An estimated $800 billion in total client assets will be transferred across the investment advisory industry because of brokers and advisers' changing firms this year, according to a study from Cerulli Associates Inc.
