Industry News

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NEWS INDUSTRY NEWS FEB 26, 2009
Citigroup close to ownership deal with government

NEWS INDUSTRY NEWS FEB 26, 2009

The government says orders for big-ticket goods plunged by a bigger-than-expected 5.2 percent in January.

NEWS INDUSTRY NEWS FEB 26, 2009
First-time unemployment claims jump

The number of newly laid-off Americans seeking unemployment benefits rose far more than expected last week.

NEWS RETIREMENT PLANNING FEB 26, 2009
Fearing low turnout, FPA cuts conference fee

The Financial Planning Association has lowered the registration fee for one of its upcoming conferences in light of the downturn in the economy.

NEWS RIAS FEB 26, 2009
Phillies send relief for lefty pitcher

The World Series champion Phillies are relieving one of their pitchers, whose cash is frozen in the wake of the alleged $8 billion fraud committed by R. Allen Stanford.

NEWS LIFE INSURANCE AND ANNUITIES FEB 25, 2009
Bernanke backs optional fed charter for insurance

Federal Reserve Chairman Ben Bernanke today backed the idea of creating an optional federal charter for insurance.

NEWS LIFE INSURANCE AND ANNUITIES FEB 25, 2009
Advisers want more-understanding wholesalers

Financial advisers, already overwhelmed with frazzled clients, want more understanding from their wholesalers.

NEWS LIFE INSURANCE AND ANNUITIES FEB 25, 2009
More boomers buying long term care insurance

The age of long term care insurance purchasers continues to skew downward as more baby boomers buy policies.

NEWS MUTUAL FUNDS FEB 25, 2009
Eaton Vance 1Q profit down 57%

Eaton Vance Corp. said Wednesday its fiscal first-quarter profit shrank by more than half.

NEWS RETIREMENT PLANNING FEB 25, 2009
Advisers, adopt Obama’s tone

NEWS RETIREMENT PLANNING FEB 25, 2009
Financial planning is art: Techies

While financial planning software has helped streamline operations, experts encourage advisers to keep the client experience in mind.

NEWS FINTECH FEB 25, 2009
Navy Federal partners with FundQuest

Navy Federal Asset Management LLC today announced the launch of a new managed account platform in partnership with FundQuest Inc. of Boston.

NEWS INDUSTRY NEWS FEB 25, 2009
Merrill 2008 losses revised up by $533 million

Merrill Lynch & Co. disclosed late Tuesday its 2008 losses were about $533 million more than previously reported, according to a regulatory filing.

NEWS LIFE INSURANCE AND ANNUITIES FEB 25, 2009
Chubb settles Mass. kickback case

NEWS INDUSTRY NEWS FEB 24, 2009
AIG seeks changes in its $150B fed loan

NEWS INDUSTRY NEWS FEB 24, 2009
Tuesday morning financial headlines

NEWS INDUSTRY NEWS FEB 24, 2009
World markets lower Tuesday

NEWS INDUSTRY NEWS FEB 24, 2009
Fed sees low inflation through 2011

The Fed has forecasted an inflation rate of less than 1% this year and less than 1.7% for 2010 and 2011.

NEWS LIFE INSURANCE AND ANNUITIES FEB 24, 2009
Regulators anticipate new rules for insurers

NEWS RETIREMENT PLANNING FEB 24, 2009
Today’s worst funds will be tomorrow’s best, analyst says

When combing through new investment ideas, advisers would be wise not to ignore mutual funds and separate-account strategies at the bottom of the heap.