Estimated sales of book value annuities totaled $6.9 billion, while sales of indexed annuities totaled $6.3 billion.
The U.S. trade deficit inched up in January, according to the Department of Commerce.
A growing desire among investors to align their portfolios with their personal and political beliefs is transforming the financial services landscape and creating opportunities and challenges for financial advisers.
Financial advisory firms have evolved from home-based businesses, to one-man shows, to full-fledged, thriving enterprises with multiple professionals and sometimes many staff members.
The following is an edited transcript of the round-table discussion.
Farm product sales jumped 16.1% for January and 73.3% from the year-ago period.
The SEC's proposed changes to Regulation S-P may slow down recruiting of independent reps, but executives with independent broker-dealers nonetheless are relieved that the agency has given some potential guidance on the issue.
The big hit clean-energy stocks have taken this year is just an expected correction, not the end of a fad, green-investing advocates say.
If hedge funds are becoming too commonplace, Michael Goldston offers jaded high-net-worth investors an alternative investment whose distinctiveness will knock their socks off and keep their feet toasty at the same time.
The Section 529 college savings plan industry is trying to make sure that the Internal Revenue Service doesn't rain on its parade.
The move is intended to simplify the mutual company's ownership structure, according to the firm.
U.S. nonfarm payrolls shed 63,000 jobs in February — the second consecutive monthly decline.
The RBC CASH Index fell to a reading of 33.1 in March, marking the index's worst reading since January 2002.
An alleged Ponzi scheme ran for 12 years and defrauded 1,000 investors of $350 million.
The New York attorney general Andrew Cuomo is broadening his investigation into health insurers’ practices related to payments for out-of-network services.
The Houston-based asset management firm’s earnings fell $596,000, after a net income of $2.6 million in the year-ago period.
Ambac will seek to raise capital through a $1 billion common stock offering, plus a $500 million public offering of equity units.
The rate of home loans entering the foreclosure process was 0.83%, up from 0.54% a year ago.
Modifications to SEC's privacy regulations would allow departing brokers to take customer contact information with them.
Pay tax on such financial products, even though no payoff from such investments is assured, would unfairly limit trade of the financial products, according to the group.
