The average age of a buyer is now 58, down from 61 in 2005, and 67 in 2000, according to a survey.
Americans are in denial about their finances. Federal data show that they spend like there's no tomorrow. Our middle class is among the most affluent in history, but many live paycheck to paycheck, their futures mortgaged to fund their increasingly expensive amusements.
RIA firms racked up $1.4 trillion in assets this year, compared to $950 billion in assets in 2005.
He will replace Raj Singh, who will take a new position at the Swiss Reinsurance Co.
Age-based mutual funds appear to have firmly cemented a commanding position as the investment option of choice in Section 529 college savings plans, according to industry executives at the annual 529 Technical Conference in Las Vegas last week.
The North American Securities Administrators Association Inc. and the Public Investors Arbitration Bar Association want to remove industry arbitrators from securities arbitration panels, arguing that the presence of industry representatives makes the panels inherently unfair.
As November approaches, and 2007 comes to a close, investors are taking stock of their realized and unrealized gains and losses for the year.
After 11 years as an emergency room physician, Carolyn McClanahan saw her career change course.
Ladenburg Thalmann Financial Services Inc.'s acquisition last week of Investacorp Inc., could position the latter to be more active in recruiting representatives and financial advisers, as well as potentially buying smaller firms.
It would seem that after the latest sell-off, financial services stocks would be a screaming "buy" for most investors.
John Hancock Annuities is making a run for old and young retirees with a new annuity rider.
When the Federal Reserve Board cut the discount and federal funds rates by 0.5 percentage points Sept. 18, some critics charged that Fed Chairman Ben Bernanke and his colleagues had acted too quickly.
Merrill board irked by CEO E. Stanley O'Neal's unauthorized outreach, The New York Times reports.
Falling home prices and higher food and fuel prices drove consumer confidence lower this month.
Senior official says SEC has formed a working group to look into “rampant” insider trading among Street pros.
The Oregon College Savings Plan will combine principal protection with upside potential.
After his business fell apart, Ed May asked a former client to put money into a new set of investments.
The regulator said it would give temporary leeway to firms affected by the California wildfires.
Some 77% of respondents to an InvestmentNews survey plan to reach out to clients in areas affected by wildfires.
The mutual fund trade group asks the state to repeal a new sales tax on investment advice services.
