Affiliated Managers Group Inc. is buying the parent company of the Aston mutual fund family in an all-stock deal worth nearly $114 million.
Exchange traded notes — close cousins to exchange traded funds — are starting to catch on with some financial advisers because they allow access to hard-to-reach markets.
In a market roiled with trouble and strife, advisers who keep assets under custody with Schwab Institutional appear to be picking up clients from wirehouses and do-it-yourself investors at a prodigious rate.
Sales hit an estimated $24.6 billion during the second quarter, up 54.1% from the second quarter of 2007.
The group will oppose the SEC's proposal to regulate certain indexed annuities as securities.
Sun Life Financial has introduced a 6% bonus credit for customers of its Masters Extra variable annuity.
Catherine J. Weatherford replaces Mark Mackey, who in January announced that he would step down from the post.
This is "one of the most challenging economic and policy environments in memory,” the Fed chief said today.
Aon Corp., the world’s largest insurance broker, will acquire Benfield Group for $1.75 billion.
Penn Treaty American’s reinsurer has withdrawn its agreement to back long term care policies written by two subsidiaries.
Two proposed rules are designed to enhance access to financial advisers by DC participants and IRA holders.
The index of leading indicators, which gauges the economic outlook for the next three to six months, fell 0.7%.
The New York-based firm has chosen Vanessa A. Wittman as its new finance chief and executive vice president.
Attorney General Andrew Cuomo this afternoon announced settlements with Merrill Lynch, Goldman Sachs and Deutsche Bank on the sale auction rate securities.
Limra International Inc. today added Lawrence J. Niland to its compliance and regulatory services division.
Beginning Oct. 15, Merrill Lynch will buy back about $2.1 billion in auction rate securities.
The firm saw net income slip to $49.6 million from $55.8 million in the year-ago period.
Goldman Sachs, Morgan Stanley and Lehman Bros. had their earnings estimates slashed by Sanford C. Bernstein & Co.
The SEC chairman said investigations will go beyond the banks and include the brokerages that sold the investments.
