Higher yield on bonds and CDs, higher annuity payouts, will provide tailwind to retirees.
Cerulli sees ETF assets more than doubling to $6T by 2020
A unit of Fidelity has been targeted in a class-action suit for fiduciary breach under ERISA as a result of its alleged mismanagement of a stable value fund.
Martin Shkreli, the boyish drug company entrepreneur, who rocketed to infamy by jacking up the price of a life-saving pill from $13.50 to $750, was arrested by federal agents at his Manhattan apartment early Thursday morning and charged with securities fraud.
Fund closure could put the spotlight on fixed-income ETFs, which are vulnerable because they are more liquid than their underlying assets.
Finra alleges a New Jersey-based broker-dealer failed to reasonably supervise VA sales.
Current 80% savings target may be too high — unless you get sick.
Industry vet replaces Michael Weil, longtime associate of Nicholas Schorsch.
<i>Breakfast with Benjamin</i>: This week's rate hike could hit the markets in a half dozen, mostly bad, ways.
In a victory for proponents of the rule, legislators' policy riders that would have prevented or delayed the regulation did not make it into the massive must-pass spending bill.
Some advisers swear by it, while others shun it as useless legalese.
Third Avenue Management is parting ways with Chief Executive Officer David M. Barse after he announced plans last week to freeze redemptions in its troubled high-yield mutual fund, the Wall Street Journal reported.
As health costs become top-of-mind for clients, savvy advisers will reap the benefits.
Firms are the latest targets in another class-action lawsuit alleging breach of fiduciary duty due to excessive 401(k) fees.
Lightyear mentioned as likely acquirer. Call set for 8 a.m. Tuesday for parent company to discuss plan to sell off non-core businesses.
One provision in the spending bill pushes out for two years the 40% levy on high-cost health insurance plans, known as the Cadillac tax, that was supposed to start in 2018.
<i>Breakfast with Benjamin</i> It took the bank just 12 minutes after the Fed's rate hike announcement to bump its prime rate to 3.5% from 3.25%.
The carnage unfolding in the high-yield bond market has paved the way for serious gains in some managed futures funds.
In moves that indicate across the board belt-tightening at LPL Financial, the company has eliminated as many as 70 jobs and is delaying raises to employees next year by at least six months.
