When it comes to Putnam Investments, it is the performance — not the parent — that matters, financial advisers say.
WASHINGTON — As Americans feel more stressed out over the erosion of corporate benefits and the solvency of social benefits programs, such traditional economic indicators as gross domestic product growth and household income are becoming less correlated to their perception of the economy’s well-being, according to a recently released study.
Focus Financial Partners LLC, barely a year old, purchased majority stakes in three more independent fiduciary wealth management firms last week — increasing its roster of firms to nine and tripling assets under management to $15 billion.
A congressman who raised eyebrows last month when he seemed to imply that annuities are the answer to the need for lifetime retirement income claims he was misunderstood.
Merrill Lynch & Co. Inc. continues to lead the wirehouse race for net new client assets.
The Bush administration’s push for an increased use of alternative energy has shed new light on an emerging category of relatively untested and untapped investment opportunities.
Real estate investment trusts that focus on office properties and those investing internationally will continue to show strong performance this year, even though REITs overall have outperformed the broad market for the past seven years, according to industry experts.
NEW YORK — Recent reports of an uptick in home invasions in many parts of the United States may increase the popularity of a policy that covers medical and other costs of the invasions.
IRVINE, Calif. — Wachovia Securities LLC of Richmond, Va., is expected to roll out in coming weeks a significant new incentive program.
NEW YORK — The negative savings rate in the United States has been a cause for concern to some economists — who contend that Americans are spending away their futures.
NEW YORK — Exposure to global markets is playing an increasingly important role in the confidence investors have in a company and its stock, according to evaluations of 2006 fourth-quarter company reports published last month by Goldman Sachs & Co. Inc.
Lower gas prices and a thriving labor market boosted consumer confidence to its highest level in two years, according to the monthly index of consumer sentiment that Reuters and the University of Michigan released today.
KPMG LLP endured another blow in its tax shelter case this week, when a federal judge in Texas ruled that tax shelters based on fake bank loans are not legitimate tax write-offs, according to the New York Times.
Putnam Investments today announced that it is being acquired by Great-West Lifeco Inc., a subsidiary of Power Financial Corp. in Montreal, for $3.9 billion.
Three executives of National Planning Corp., Sean Haley, Bryan Jacobsen and Austin Moon, have received promotions.
The Pending Home Sales Index, which measures signed sales contracts, increased 4.9% in December.
The Senate approved the first increase in minimum wage in 10 years, bumping it to $7.25 per hour.
The evolution of data centers, power, real estate and infrastructure—the makeup of the New Economy
New York Attorney General Eliot L. Spitzer isn't just getting scandal-plagued mutual fund companies to cry uncle. He is going for their wallets, too.
A bipartisan group of senators has offered compromise legislation that would require publicly traded companies to include in expense statements stock options for their top employees.
