More wirehouses and B-Ds realize they need to allow advisers to take on fiduciary services.
Automatic features are gaining momentum in the 401(k) arena, according to financial advisers.
Hedge fund managers, traders and analysts are keeping a close eye on the weather — and not just to get an idea of what the weekend will be like.
The new brokerage, to be called Wachovia Securities LLC, will be based in St. Louis.
AIG will trim 600 positions as one of its subsidiaries merges with 21st Century Insurance Group.
B-Ds facing litigation from FINRA might be better off fighting rather than settling, according to a study.
The SEC has filed settled enforcement actions against two B-D firms and their CEOs for fraudulent auction practices.
Two of the world’s largest insurance-and-financial-services trade organizations have announced plans to merge.
Goldman Sachs analyst William Tanona expects Merrill's third-quarter earnings to decline by 89% to $208.9 million.
New York Life International, the overseas arm of New York Life Insurance Co., has hired Richard L. Mucci as its chairman and chief executive.
Merrill Lynch alumnus Kurt Peterson previously had assets under management of about $177.5 million.
Jackson National Life Insurance Co. today released Jackson AscenderPlus Select, a new fixed index annuity.
Combined net assets for variable annuities hit $1.5 trillion during the second quarter, according to a report from NAVA.
The about-to-retire and the already retired have at least two things in common: Both want income they can’t outlive, and both want to leave behind a legacy. By employing philanthropic-planning techniques, a forward-thinking adviser can help clients of any age accomplish both goals — often very successfully.
Financial planners applauded last week’s dramatic one-half-percentage-point cut in the federal funds rate by the Federal Reserve Board, saying the move provides an opportunity to calm nervous investors and help clear up their debt problems.
Some financial advisers are relying on an old strategy called a grantor-retained annuity trust to help rich clients who want to pass their assets on to their children free of estate tax.
With the deadline for ending fee-based brokerage accounts looming, big brokerage firms are scrambling to move their customers into advisory accounts.
