A combination of regulatory developments and court cases since 1998 has molded annuities and insurance products into what they are today — and that development continues.
Expect continued asset growth, more industry consolidation, competition and investment choices as well as broader participation in Section 529 college savings plans in the future, say state administrators of the programs, financial service executives and industry observers.
An optional federal charter and a tax environment that favors annuities are in the cards through the next 10 years for the life insurance industry.
Over the past 10 years, the world of independent-contractor broker-dealers has been turned on its ear.
The insurance broker will acquire all of HRH’s outstanding shares of common stock for $46, 50% cash and 50% stock.
Competition is stiffening among firms that keep assets under custody — and that situation could lead to cheaper, faster and better business for independent registered investment advisers.
Aug. 17, 2006, was probably the happiest day in the history of the Section 529 college savings plan business.
The big Wall Street firms have been talking a good game about offering advice, but how much worthwhile information will they actually provide in the next decade?
What a difference a decade makes.
The insurer’s valuation of credit default swaps are in question, according to The Wall Street Journal.
In another blow to a reeling economy, the unemployment rate surged to 5.5% in May, from 5% in April.
Fidelity Investments laid off 550 workers this week, largely from its personal and workplace investing unit and human resource services unit.
Michael Burson has been promoted to senior vice president for recruiting in Asia.
The net wealth of U.S. households declined by $1.7 trillion, in the first quarter of the year, the largest decrease since 2002.
T. Rowe Price Group’s board of directors has approved a 15 million share increase in the company's stock buyback plan.
The Current Conditions Index shed nearly 17 points to fall to a reading of 40.5, down from a reading of 57.4 last month.
This year through April, just seven deals for RIAs were struck, in contrast to last year, when 58 deals were struck.
The bond insurers are also facing downgrades from Moody's Investors Service.
The bond insurers are also facing downgrades from Moody's Investors Service.
This year through April, just seven deals for RIAs were struck, in contrast to last year, when there were 58 deals.
