Conseco Inc. said Friday that a subsidiary has reached a reinsurance agreement with Wilton Reassurance Co. covering about 237,000 life insurance policies.
Lazard Ltd. is naming Kenneth M. Jacobs as CEO and chairman, choosing a longtime executive at the investment advisory firm to fill vacancies from last month's sudden death of Chairman and CEO Bruce Wasserstein.
The Dow Jones industrial average has reclaimed 10,000 for the first time in a year.
Financial advisers who have sold certain types of retirement and other benefit plans to small businesses might soon be facing a wave of lawsuits — unless Congress decides to take action soon.
A federal jury in Minnesota has ruled that Allianz Life Insurance Company of North America used deceptive materials to market its two-tiered equity-indexed annuities, but declined to assess damages against the company, saying the plaintiffs suffered no harm.
Two former U.S. presidents will appear together in a panel discussion to headline a TD Ameritrade investment conference next February.
Jones and Smith Wealth Management? How boring. Green and Gold Capital Advisers? So banal. Fink and Funk Financial Fiduciaries? Yawn.
Standard & Poor's will introduce new factors for its U.S. style indexes during the fourth quarter of this year, the company revealed today.
Insurer American International Group Inc. said late Monday it has agreed to sell its nearly 98 percent stake in Taiwan unit Nan Shan to an investor group led by Hong Kong's Primus Financial for about $2.15 billion.
Consumer advocates today railed against a proposal that would change the way insurance regulators assess the amount of capital carriers hold against residential-mortgage-backed securities.
Invest Financial Corp. said today that it has hired Steve H. Dowden as president and chief executive, succeeding Lynn Niedermeier.
The pending rule changes around Roth IRA conversions present a huge business opportunity for financial advisers to have deeper conversations with clients, according to a new survey by Charles Schwab & Co. Inc.
At a recent workshop, advisers told me they are finding that a surprisingly high percentage of their clients are unemployed. Advisers found this out during client reviews, and they said the news surprised them — clients had never called to let them know about their new circumstances.
A top White House official issued a robust defense of the Obama administration's recovery policies on Monday with a pointed critique of economic conditions and fiscal policies during the presidency of George W. Bush.
Citigroup has been fined $600,000 today by the Financial Industry Regulatory Authority, <a href=http://www.forbes.com/feeds/afx/2009/10/11/afx6989203.html>according to multiple media reports.</a>
A lawyer for a Miami insurance agent says he'll plead not guilty to charges of stealing more than $14 million from premium finance companies.
The stock market is keeping its momentum going, giving shares their best week in more than two months.
Oil prices rose above $73 a barrel Monday as investors looked to a slew of U.S. corporate earnings reports this week for signs of economic recovery.
Citigroup Inc.'s announcement that it will convert most of the brokers in its bank-based network into fee-based advisers has many of its brokers wondering how they will get paid and what they will be selling.
SEC Chairman Mary Schapiro could credibly claim that during her tenure as head of Finra, the group was not responsible for failing to detect the Madoff Ponzi scheme.
