In a market roiled with trouble and strife, advisers who keep assets under custody with Schwab Institutional appear to be picking up clients from wirehouses and do-it-yourself investors at a prodigious rate.
The group will oppose the SEC's proposal to regulate certain indexed annuities as securities.
Sales hit an estimated $24.6 billion during the second quarter, up 54.1% from the second quarter of 2007.
Sun Life Financial has introduced a 6% bonus credit for customers of its Masters Extra variable annuity.
Catherine J. Weatherford replaces Mark Mackey, who in January announced that he would step down from the post.
Aon Corp., the world’s largest insurance broker, will acquire Benfield Group for $1.75 billion.
Two proposed rules are designed to enhance access to financial advisers by DC participants and IRA holders.
This is "one of the most challenging economic and policy environments in memory,” the Fed chief said today.
Penn Treaty American’s reinsurer has withdrawn its agreement to back long term care policies written by two subsidiaries.
The New York-based firm has chosen Vanessa A. Wittman as its new finance chief and executive vice president.
The index of leading indicators, which gauges the economic outlook for the next three to six months, fell 0.7%.
Don Saxon leaves amid allegations that his agency let thousands of convicted criminals work in the mortgage business.
Beginning Oct. 15, Merrill Lynch will buy back about $2.1 billion in auction rate securities.
Attorney General Andrew Cuomo this afternoon announced settlements with Merrill Lynch, Goldman Sachs and Deutsche Bank on the sale auction rate securities.
Limra International Inc. today added Lawrence J. Niland to its compliance and regulatory services division.
Goldman Sachs, Morgan Stanley and Lehman Bros. had their earnings estimates slashed by Sanford C. Bernstein & Co.
The firm saw net income slip to $49.6 million from $55.8 million in the year-ago period.
The SEC chairman said investigations will go beyond the banks and include the brokerages that sold the investments.
