Major player in advice industry pulls a 180-degree turn in reorg; 'almost non-existent'
According to a lawsuit filed by The Hartford, three former senior execs of Woodbury Financial lifted confidential information just before they jumped ship.
Alternative investments, commercial mortgages, junk bonds all on the menu
While other insurers sell off their indie broker-dealer units, AIG is buying. Indeed, Tuesday's acquisition of Woodbury Financial looks to be the first in what could be a string of deals.
Announcement of a deal for the 1,600 reps and advisers is expected before indie B-D's national sales conference next month
Entrepreneurs need to be rewarded for taking risks, not shackled
Despite continued market volatility, it appears as though the independent investment advisory world has finally turned the corner and moved beyond the worst of the recession that followed the “mortgage meltdown.”
The head of MetLife's broker-dealer operations has parted ways with the insurer. So far, the carrier's management has offered no explanation for the departure.
Claiming spousal benefits often leads to larger check than expected
Over the last few months, several large companies, let by auto giants Ford and GM, announced plans to spin off their traditional pension plans by transferring their liabilities to an insurance company or offering lump-sum payouts to retirees and certain former workers. Verizon was the latest corporation to hop on the de-risking bandwagon, prompting calls from a leading pension advocacy group to halt such actions until Congress can review the impact on workers and retirees
In a twist that will cheer art aficionados -- and Jeffrey Gundlach -- police recovered all the paintings stolen from the bond king's home earlier in the month. The value of the DoubleLIne boss' remarkable collection? About $10 million. | <a href=http://www.investmentnews.com/gallery/20120927/FREE/927009999/PH>View the paintings</a> &raquo;
