Although he quietly launched his own brokerage firm in St. Louis a year ago, Benjamin F. “Tad” Edwards IV — the great-great-grandson of Albert Gallatin Edwards, who founded A.G. Edwards Inc. in the 19th century — is moving right along with his expansion plans, having opened his first two branch offices in the past two months.
Employers expect compliance with the health care reform law to account for nearly one-third of the projected 10% average increase next year in health benefit costs, but most are taking steps to keep that increase at or below 6% — a move that will cause many to lose grandfathered status, according to a survey by Mercer LLC.
Although it is common, and perfectly legal, for insurers to prune funds from their VA menus periodically, financial advisers say the practice is increasingly thwarting their ability to put clients in the best possible funds.
The top 50 largest registered investment advisory firms managed $127.2 billion as of the end of the second quarter — up a sizable 16% from the end of the second quarter in 2009.
Prudential Plc, the U.K.'s biggest insurer, promoted Mike Wells to chief executive officer of its U.S. division and appointed two new non-executive directors as it reorganizes the board after a failed takeover bid in Asia.
Attorneys also predict insurer's marketing of new VA will trigger lawsuits; 'half-baked solicitation'
In his widely-anticipated speech in Jackson Hole, Wyoming last Friday, Fed Chairman Ben Bernanke stated that the Fed was “…prepared to provide additional monetary accommodation through unconventional measures if it proves necessary, especially if the outlook were to deteriorate significantly.”
The Tax Foundation, a Washington research group that advocates for lower taxes, said state, local and federal levies would result in a tax rates of nearly 50% in some states' top earners.
Study reveals which locales will end up with highest total marginal tax rates; Hawaiian punch
Check out the estimates from strategists at brokerages for where the Standard & Poor's 500 Index will finish 2010 and how much profit companies in the benchmark measure of U.S. stocks will generate
Sure, investors have fled the stock market. Ask them why and many say the market's gotten too unpredictable, too scary. But new research shows those fears are overblown.
Predicts holders of stock will 'lose a lot of money in next 18 months'
The NBER says the recession ended in June 2009. But an exclusive <i>InvestmentNews</i> survey reveals most advisers think the economy is still hurting, with 'effects that will linger for months and years to come.'
As the Securities and Exchange Commission wrestles with the task of defining a standard of care for anyone who gives investment advice to retail clients, executives at TD Ameritrade Inc. aren't having a difficult time with the issue.
The U.S. economy stands a 31% chance of double-dipping into recession in the next year.
In two cases involving the hedging of appreciated stock positions, the U.S. Tax Court recently ruled that the investors who took the cases to court should be taxed as if they had sold their stock at the time that they entered into the hedging transactions.
With tax rates on dividends expected to go higher next year, financial advisers should start assessing the risk-reward ratio of owning dividend-paying U.S. companies, according to report today by Howard Silverblatt, senior index analyst at S&P Indices.
