Mark R. Fetting thinks that he can hit the ground running as the new president and chief executive at Legg Mason Inc.
Total brokerage client assets reached a record $1.99 trillion, a 17% increase from the previous year.
“This will create one platform and one-stop shopping for broker-dealer customers,” said Incapital CEO Tom Ricketts.
The value of its super-senior-credit-default swap portfolio declined $5.9 billion and not $1.6 billion, AIG reported to the SEC.
The gross domestic product will improve slightly because of the $150 billion economic stimulus package.
Company wants to be a high-net-worth 'pure-play', reports a 90% drop in fourth-quarter income.
Fourth quarter profits down 50% at Nationwide, off 29% at Protective Life.
Survey shows consumers are worried about jobs, investments.
Texas Tech University's financial planning department to honor J. Thomas Bradley Jr. as “Visionary of the Year.”
Net income for the quarter was down 1% at $96,655 from the $105,946 reported in the year-ago period.
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.
The two firms are paying out almost $850,000 to settle cases involving clients burned by Gregory Horton.
Fidelity's gift fund reached a record level of $1.17 billion in grants to charity in 2007 — an increase of 24% over 2006.
Confidence among investors with more than $500,000 in investible assets tumbled to an all-time low in January.
Productivity rose 1.8% over the final quarter of 2007, a significant drop from the 6% increase achieved in the third quarter.
Iowa will be the first state to join an initiative to provide customers with plain-English disclosures on fixed and indexed annuities.
The non-manufacturing sector saw its biggest one-month drop since they started keeping record in June 1998.
One money manager and two exchange operators posted profits in the fourth quarter, while an insurer's earnings headed south.
Sun Life Financial's U.S. division announced the creation of a new group and a change in leadership.
