Institutional investor confidence worldwide increased 12.7 points to 72.9, from January’s level of 60.2.
Whether out of necessity or a sense of opportunity, financial advisers are gearing up to attract clients in the midst of one of the worst bear markets on record.
As clients continue to question the merits of traditional investment approaches, Philipp Hensler, chairman and chief executive of DWS Investments Distributors Inc., is prepping his firm to arm financial advisers with a new way of thinking.
The Hartford (Conn.) Financial Services Group Inc. yesterday said that would no longer be able to participate in a federal commercial paper program.
Clients funneled $12.1 billion of new assets to Charles Schwab in January, up 32% from December, but trading activity from its retail and advisory channels fell..
The outlook for a quick rebound in the European economy is weak.
Foreclosures and short sales took a toll on home prices in the fourth quarter as the median price of existing single family homes plunged 12.4% from a year earlier.
The rising rates of high-quality-corporate-bond yields are helping pension funds offset the impact of the stock market downturn.
Genworth Financial Wealth Management selected State Street Global Advisors to manage six portfolios using State Street’s SPDR exchange traded funds.
After a six-month slump, retail sales rose for the first time in January, according to a Department of Commerce report released today.
Marc Mayer, a 20-year veteran of AllianceBernstein, was tapped as the first chief executive of GMO LLC, a spokesman confirmed today.
The Hartford (Conn.) Financial Services Group received approval from the Connecticut insurance commissioner to change accounting practices.
Congress has reached agreement on the nearly $800 billion economic stimulus package sought by President Obama. Senate Majority Leader Harry Reid , D-Nev., told reporters that House and Senate negotiators “bridged differences” between the two chambers’ versions of the bill and came up with a $789 billion package.
Only three of the eight CEOs testifying before the House on their use of government bailout funds bought shares in their companies over the last six months as the stocks were plummeting.
The Retirement Income Industry Association gave a sneak peek into an initiative designed to encourage financial advisers to take a risk management approach.
Robert W. Baird has snagged Paula Johnson, an industry veteran most recently with rival Wachovia Securities LLC of St. Louis, to lead a fledgling branch office.
Insurers are eager to continue developing products in the variable annuity arena — with the search for ways to reduce risk as a top priority.
New York Attorney General Andrew Cuomo may subpoena more executives from Bank of America Corp. and Merrill Lynch & Co. Inc.
