RIA News

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LIFE INSURANCE AND ANNUITIES JAN 04, 2008
Hartford selects global wealth VP

Peter Smyth is now senior vice president and director of strategy, development and operations for international wealth management.

By Bloomberg
RIA NEWS JAN 04, 2008
Unemployment claims climb to 5%

Growth in U.S. payrolls slowed to a trickle and the unemployment rate increased significantly in December.

By Bloomberg
RIA NEWS JAN 03, 2008
SEC report sheds light on B-D rule

Many investors found disclosures that advisers and B-D firms are required to provide are "problematic.”

By Bloomberg
RIA NEWS JAN 03, 2008
Private sector adds 40,000 jobs

But financial-services firms trimmed 5,000, marking the third decline in the last five months.

By Bloomberg
LIFE INSURANCE AND ANNUITIES JAN 03, 2008
NAIC announces 2008 execs, salaries

Catherine J. Weatherford, executive vice president and chief executive officer, will earn $370,000.

By Bloomberg
LIFE INSURANCE AND ANNUITIES JAN 03, 2008
FINRA wants delay in VA-sale rule

After an outcry from member B-D firms, FINRA proposed pushing back a section of the rule to Aug. 4.

By Bloomberg
LIFE INSURANCE AND ANNUITIES JAN 03, 2008
Jackson adds VIP and S&P funds

Jackson National Life Insurance Co. today added a pair of new portfolios to its retail mutual fund lineup.

By Bloomberg
RIA NEWS JAN 02, 2008
Millionaires, affluent upbeat in new year

Confidence blossomed among investors with more than $500,000 in investible assets in December.

By Bloomberg
RIA NEWS DEC 28, 2007
New home sales fall 9% in November

Sales of new one-family homes fell to an annual rate of 647,000, according to the U.S. Census Bureau.

By Bloomberg
RIA NEWS DEC 28, 2007
Delayed AMT 'patch' to stall refunds

Up to 13.5 million taxpayers won’t be able to file their AMT-related returns until Feb. 11, said the IRS.

By Bloomberg
RIA NEWS DEC 27, 2007
Existing homes value drops 1.4%

Prices of existing single-family homes slumped for the tenth consecutive month in October.

By Bloomberg
RIA NEWS DEC 27, 2007
Bush signs AMT 'patch' into law

The tax package also includes a seven-year renewal of a terrorism-insurance program.

By Bloomberg
LIFE INSURANCE AND ANNUITIES DEC 21, 2007
Marsh & McLennan CEO shown the door

The insurance company's president and chief executive, Michael G. Cherkasky, will step down.

By Bloomberg
RIA NEWS DEC 21, 2007
Americans earning, spending more

Customers opened their wallets in November, as personal income and prices jumped, according to the Commerce Department.

By Bloomberg
LIFE INSURANCE AND ANNUITIES DEC 20, 2007
Group moves to bridge insurance GAP

America’s Health Insurance Plans today unveiled a proposal to provide health insurance coverage to more people.

By Bloomberg
RIA NEWS DEC 20, 2007
Morgan feels subprime pain in Q4

Mortgage-related losses took a $9.4 billion bite out of Morgan Stanley’s fourth-quarter report, the bank said yesterday.

By Bloomberg
RIA NEWS DEC 20, 2007
Treasury explores revamp of business tax

Replacing the business income tax with a tax based on gross receipts would be beneficial, suggested the Treasury.

By Bloomberg
RIA NEWS DEC 20, 2007
Japan holds interest rate at par

The Bank of Japan kept interest rates steady at 0.5%, indicating that the Japanese economy is expected to grow at a slower pace.

By Bloomberg
RIA NEWS DEC 20, 2007
Economy expands in third quarter

The gross domestic product increased 4.9% in the July-to-September quarter, unrevised from its previous estimate.

By Bloomberg
RIA NEWS DEC 20, 2007
Bear takes $859 million 4Q hit

The Bear Stearns Cos. Inc. posted its first quarterly loss in the company's 84-year history.

By Bloomberg