The firm reported that its operating earnings jumped 17% to a record level of $1.28 billion for 2007.
The U.S. economy grew at 0.6% annual rate in the first quarter, marking the slowest quarter since 2002.
The London hedge fund manager projects net management fee income to grow 15% from the year-ago period.
The FTSE Group and Conflict Securities Advisory Group have teamed up to roll out the Terror-Free Index Series.
Most advisers are clueless about important tax rules that impact individual retirement accounts, CPA Ed Slott said.
Orders for durable goods were down 1.7% last month, after a 5.1% drop in January, according to the Department of Commerce.
Annuities are from Principal Financial Group, Symetra Life Insurance and firms affiliated with MetLife Investors.
Residential real estate prices fell precipitously in most metro areas, according to the S&P/Case-Shiller Home Price Index.
Aflac's directors have released a proxy statement inviting its shareholders to vote on performance-based compensation.
The U.S. consumer confidence dropped again in March falling to the lowest figure seen since March 2003.
Fortress recorded a loss in the fourth quarter due to compensation-related expenses related to its IPO last February.
Even as the financial services industry scurries to provide advisers with better retirement income vehicles, advisers continue to criticize the new products.
Nouriel Roubini, one of the biggest bears on Wall Street, wasn't surprised by the fire sale at The Bear Stearns Cos Inc. of New York. He said it just reinforces his 12-point gloom-and-doom outlook, which he unleashed on Wall Street in February, and he now thinks that total financial losses in the credit debacle may top the $1 trillion he previously projected.
Sales of existing homes increased by 2.9% in February to a seasonally adjusted rate of 5.03 million units, following six consecutive monthly declines.
With inflation expectations on the rise, now is a good time to consider what strategies you might implement for your retired clients to respond to a possible upturn in inflation.
The hunt for alternatives managers is greater than any other type of manager this year, according to a new survey of consultants' expected searches for 2008.
The dollar rose to 1.5341 per euro, the largest gain since March 12, and advanced to 100.04 yen per dollar in trading in Japan.
With stock market volatility on the rise, the time is right for financial advisers to consider convertibles for a place in client portfolios.
Index managers are holding steady despite the market downturn, according to a biannual survey of managers of indexed assets by InvestmentNews' sister publication Pensions & Investments.
With investor confidence in the global financial markets at a severe low point, driven even lower last week by the crumbling of Wall Street giant The Bear Stearns Cos. Inc., planners are facing the challenge of how to maintain clients' confidence in the midst of the credit turmoil.
