RIA News

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RIA NEWS FEB 11, 2008
Showing a little faith

People are no longer content to merely walk with God. They want to invest with him, too.

By Bloomberg
LIFE INSURANCE AND ANNUITIES FEB 11, 2008
AIG stock tumble as it re-evalutes debt

The value of its super-senior-credit-default swap portfolio declined $5.9 billion and not $1.6 billion, AIG reported to the SEC.

By Bloomberg
RIA NEWS FEB 08, 2008
Stimulus package may improve GDP

The gross domestic product will improve slightly because of the $150 billion economic stimulus package.

By Bloomberg
LIFE INSURANCE AND ANNUITIES FEB 08, 2008
Phoenix to spinoff asset management

Company wants to be a high-net-worth 'pure-play', reports a 90% drop in fourth-quarter income.

By Bloomberg
LIFE INSURANCE AND ANNUITIES FEB 08, 2008
Net lower at Nationwide, Protective Life

Fourth quarter profits down 50% at Nationwide, off 29% at Protective Life.

By Bloomberg
RIA NEWS FEB 08, 2008
Consumer confidence plummets

Survey shows consumers are worried about jobs, investments.

By Bloomberg
RIA NEWS FEB 08, 2008
TD Ameritrade’s Bradley wins award

Texas Tech University's financial planning department to honor J. Thomas Bradley Jr. as “Visionary of the Year.”

By Bloomberg
RIA NEWS FEB 07, 2008
Fiserv

Net income for the quarter was down 1% at $96,655 from the $105,946 reported in the year-ago period.

By Bloomberg
LIFE INSURANCE AND ANNUITIES FEB 07, 2008
Hancock forms tax and estate-planning team

John Hancock Financial's team will act as a resource for financial planners and advisers on tax and estate planning issues.

By Bloomberg
LIFE INSURANCE AND ANNUITIES FEB 07, 2008
Prudential, MetLife & Willis

Prudential's fourth-quarter net income fell to $792 million, or $1.75 per share, from $893 million.

By Bloomberg
RIA NEWS FEB 06, 2008
RJ and NEXT on hook for rogue rep

The two firms are paying out almost $850,000 to settle cases involving clients burned by Gregory Horton.

By Bloomberg
RIA NEWS FEB 06, 2008
Fidelity gift fund reports record year

Fidelity's gift fund reached a record level of $1.17 billion in grants to charity in 2007 — an increase of 24% over 2006.

By Bloomberg
RIA NEWS FEB 06, 2008
Wealthy stressed by rocky economy

Confidence among investors with more than $500,000 in investible assets tumbled to an all-time low in January.

By Bloomberg
RIA NEWS FEB 06, 2008
Productivity lags in fourth quarter

Productivity rose 1.8% over the final quarter of 2007, a significant drop from the 6% increase achieved in the third quarter.

By Bloomberg
RIA NEWS FEB 05, 2008
SIFMA endorses Bush’s tax-cut plan

The Securities Industry and Financial Markets Association has endorsed President George W. Bush 2009 budget proposal.

By Bloomberg
LIFE INSURANCE AND ANNUITIES FEB 05, 2008
NAVA spearheads 'plain English' push

Iowa will be the first state to join an initiative to provide customers with plain-English disclosures on fixed and indexed annuities.

By Bloomberg
RIA NEWS FEB 05, 2008
Non-manufacturing sector on decline

The non-manufacturing sector saw its biggest one-month drop since they started keeping record in June 1998.

By Bloomberg
RIA NEWS FEB 05, 2008
Invesco, NYSE Euronext, CME & Principal

One money manager and two exchange operators posted profits in the fourth quarter, while an insurer's earnings headed south.

By Bloomberg
LIFE INSURANCE AND ANNUITIES FEB 05, 2008
Shakeup for Sun Life's execs, groups

Sun Life Financial's U.S. division announced the creation of a new group and a change in leadership.

By Bloomberg
RIA NEWS FEB 04, 2008
Advisers, brokers antsy, survey shows

The number of advisers and brokers considering switching firms was on the rise last year.

By Bloomberg