The firm’s parent company, National Financial Partners, will replace Jeff Montgomery from within.
Sales by advisers were rated the most effective method of marketing 529 plans, according to a survey.
The number of U.S. workers filing new claims for unemployment benefits rose in late January to its highest level since October 2005.
A total of 222,184 consumer complaints were reported to the NAIC last year, a 3.6% fall from 2006.
MBIA, the troubled Armonk, N.Y.-based bond insurer, posted a $2.3 billion loss and a write-down of $3.5 billion.
Brian Duperreault replaces Michael Cherkasky, who left the New York-based insurance broker in December.
Self-reporting in areas such as the retention of e-mails “is more of an art than a science,” said the CEO of ING.
A possible collapse of teetering bond insurers could cost financial firms, including Merrill Lynch and Citigroup, up to $75 billion.
This followed a 4.7% increase in the third quarter, bringing average growth in 2007 to 2.2%, compared with 2.9% in 2006.
UBS posted a $14 billion write-down that will result in a $12.5 billion fourth-quarter loss.
Efforts to bail out bond insurers may be too late to prevent a ratings downgrade, a research firm says.
The hike exceeding original forecasts, posting a positive economic sign in the midst of recession fears.
The decision creates incentive for advisers to drop their securities licenses, said the general counsel of FSI.
Banc One Securities Corporation of Chicago was fined $225,000 by FINRA for making the unsuitable sales.
T. Rowe Price earnings grew 28% in the fourth quarter on increased investment advisory fees and net inflows.
By recruiting Perella Weinberg, the state regulator would focus on protecting the policyholders of “monoline” insurers.
Home prices in the United States fell by a record 8.4% in November, for an 11th consecutive monthly decline.
After a sterling 2007, leading independent-contractor broker-dealers are facing a horde of significant problems this year, with the subprime-mortgage crisis, skyrocketing gas and oil prices and the threat of a recession the most daunting.
Sales of single-family homes fell 4.7% in December to a seasonally adjusted rate of 604,000.
Inspired by market volatility, insurance carriers are making over their equity-index annuities in an attempt to beat a bad reputation and target baby boomer investors.
