Buzz is building among financial firms about arranging life settlement securitizations, but experts question the structured products' viability as an investment amid a lengthy list of risks and a limited track record of successful transactions.
After trimming the ranks of its brokerage force, Bank of America Corp. apparently wants to build up its force again — this time from the ground up.
MetLife Inc. on Monday projected fourth-quarter and 2010 operating earnings mostly above analyst estimates.
Three months after he joined the company, Andrew Sieg, head of retirement and philanthropic services at Bank of America/Merrill Lynch, has reorganized its retirement services group
Recruiters at competing firms are likely to reach out to bank brokers at Bank of America Investment Services Inc., according to industry observers.
Earnings outpacing market sentiment, analysis shows. Says one investment strategist: 'The recovery is real, it's V-shaped and it's got legs.'
Naoki Matsuba set to take over the reins in the Japanese company's North American operations
Sizeable haul for the bank's CEO actually worked out to a 6% pay cut from the previous year
The father of modern portfolio theory plans to spend plenty of face time with advisers at 1st Global Capital
The SPARK Institute's option would limit contributions to $10,000, higher than the typical IRA, would “simplify” investment option selection, among other things.
The life settlements and life insurance industries are criticizing President Barack Obama's 2011 budget proposal, which includes provisions that would require additional reporting to the IRS for life settlements and would impose taxes on corporate-owned life insurance.
Asset manager Affiliated Managers Group reported a fourth-quarter profit on Monday, reversing a loss for the same period a year ago.
VVV Research and Development Inc. conducted a national survey on behalf of broker-dealer Cambridge Investment Research Inc. In the survey, 648 representatives were surveyed about their experience with their broker-dealers. As part of the survey, advisers listed areas in which they said broker-dealers needed to improve.
Over the weekend, my daughter asked me what our family was going to do to help Haiti.
The size of the college savings market will more than double in the next five years, but Section 529 college savings plans still have a long way to go to gain marketshare.
The stock market might not perform as well in 2010 as it did last year, but the case for equities is still hard to ignore, according to John Buckingham, chief investment officer at Al Frank Asset Management Inc.
After two disastrous years in a row, brokerage industry observers say something akin to normalcy may return this year.
The state of Illinois has reached a settlement in its lawsuit over losses in the Bright Start college savings program under which parents will get back $77.23 million — slightly more than half of what they lost in investments handled by Oppenheimer Funds Inc.
Fidelity Investments last week announced that it is cutting the management fees on its Section 529 plans.
A wrecking ball has hit ING Groep NV's global supermarket of financial services, whose many parts include a $600 billion global asset management business and a U.S broker-dealer network of 8,700 reps and advisers.
