Two-thirds of affluent parents with children under 18 aren't using Section 529 college savings plans, according to a report by The Phoenix Cos. Inc.
Executives of Pershing, the largest provider of clearing services to broker-dealers, spent much of their energy at the firm's annual Insite conference trying to persuade clients to open their brokerage doors to fee-based registered investment advisers.
As new annuity rules continue to develop, chief compliance officers at broker-dealers say that they still face some challenges in implementing compliance procedures with their financial advisers.
Something must be done to encourage employees of small companies to save for retirement. As many as 78 million such workers aren't saving for the future and ultimately will depend solely on Social Security for retirement income.
A “mockumentary” film to be released on DVD this month takes on Ponzi schemes, multilevel marketing scams and “the get-rich-quick mindset that nearly bankrupted America,” according to its official website.
As Congress takes up health care reform, too little attention is being paid to long term care.
Rydex Investments, now Rydex SGI, is repositioning itself to focus on an expanded set of asset management capabilities.
The Financial Industry Regulatory Authority Inc.'s proposal to widen its purview to include non-securities products has left some in the fixed-annuities industry gnashing their teeth.
Pershing LLC, the largest provider of back-office services and financing to small and independent broker-dealers, this month began charging shareholder servicing fees to brokers and financial advisers who buy certain mutual funds from its Fund Center platform.
Make way for the 1,600-pound gorilla in the money management industry.
The Principal Financial Group has declined to participate in the U.S. Treasury’s Capital Purchase Program.
The Securities and Exchange Commission and the Alabama Securities Commission announced today that they have charged Aura Financial Services Inc., a Birmingham-based broker-dealer, with churning customer accounts, supervisory failures and other violations.
The insurer yesterday received preliminary clearance to accept approximately $3.4 billion in federal aid.
Online charitable giving provides only a small slice of revenue for charities, but that is changing, according to a survey of 400 non-profit organizations conducted by Convio Inc.
It was the largest increase since sales surged by 1.7 percent in January following six straight declines.
More than 321,000 households received at least one foreclosure-related notice last month — 18 percent more than a year earlier — but the smallest annual gain since June 2006.
The Labor Department says initial claims for unemployment insurance dropped last week by 24,000 to a seasonally adjusted 601,000. That's below analysts' estimates of 615,000.
City National Corp., a Beverly Hills, Calif.-based bank holding company that owns Convergent Capital Management LLC, has agreed to buy a majority interest in Lee Munder Capital Group, a firm with more than $3 billion of assets under management.
Charitable giving last year experienced its first decline since 1987, the Giving USA Foundation reported today.
Non-binding say-on-pay shareholder votes would be required of all public companies under legislation proposed by the Obama administration today.
