Three shareholders cited a “staggering breakdown of risk controls” and “an unequivocal loss of investor confidence.”
Industry leaders are divided on whether income options in 401(k) plans will succeed and become a popular product in the next decade.
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.
The mutual fund industry, buffeted by volatile markets, unprecedented scandals and new competition, has had a tough time over the past 10 years.
Merrill has hired John Tyers, formerly one of the heads of Bear's defunct clearing and custody business.
Wirehouse brokers have had to respond to many changes in the industry in the past decade.
Considering that the age of the typical financial adviser is between 52 and 60, it is safe to assume that a tidal wave of advisers will exit the business over the next 10 to 15 years.
If there were a color-coded advisory system for fiduciaries, it now would stand at yellow, flashing “elevated risk.”
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.
The past decade, the first for <i>InvestmentNews</i>, has been a traumatic one for investors.
