Company wants to be a high-net-worth 'pure-play', reports a 90% drop in fourth-quarter income.
Regulators flooded Rep. Paul E. Kanjorski, D-Pa., with their and assessments of the ongoing municipal bond insurer debacle.
The Hennessee Hedge Fund Index declined 2.8% in January after finishing 2007 up 11.64%.
As demand for advisers increases, firms need to project recruitment strategies out to 2012, said Rebecca Pomering of Moss Adams.
John Hancock Financial's team will act as a resource for financial planners and advisers on tax and estate planning issues.
Prudential's fourth-quarter net income fell to $792 million, or $1.75 per share, from $893 million.
Net income for the quarter was down 1% at $96,655 from the $105,946 reported in the year-ago period.
A survey finding that arbitration customers do not believe the process is fair was “inconsistent,” FINRA said.
Most participants did not believe that the process was fair to all parties and were not satisfied with the outcome.
Fidelity's gift fund reached a record level of $1.17 billion in grants to charity in 2007 — an increase of 24% over 2006.
