The hedge-fund-of-funds sector in Europe may lose three-quarters of its assets, compared with the beginning of 2008.
A BNY Mellon unit bought two firms: one focused on domestic Australian equities and the other on emerging markets equities and global fixed income.
As Valentine’s Day approaches, Cupid’s arrow may snag that special partner, but be sure it doesn’t snag some financial troubles in the process.
Client interest in establishing spendthrift trusts for beneficiaries is picking up steam, partly due to the fact that wealthy clients are becoming more risk-averse, according to financial advisers.
As financial advisers are aware from their own businesses, success never comes to those who stand still.
States that have Section 529 college savings plans and the financial services companies that manage them are working overtime to make sure that advisers — who account for about 80% of their sales — remain interested in the product during the recession.
The rising volatility of oil prices, coupled with the economic downturn, is providing something of a boost to railroad stocks.
Broker-dealer firms are worried about increased audit costs in the wake of the Bernard Madoff scandal.
Private-equity investors appear to be leading the pack of likely buyers for the three broker-dealers in the AIG Advisor Group, which houses 6,571 representatives, according to a number of industry sources.
Enrollment in prepaid-college-tuition programs has soared since the financial crisis began last fall.
House Financial Services Committee Chairman Barney Frank, D-Mass., last week laid out an ambitious 2009 legislative program for his committee.
Mary Jo Hudson, director of the Ohio Department of Insurance, yesterday adopted three accounting rule changes that would grant insurers based there some reserve relief.
The Department of the Treasury under former Secretary Henry Paulson took a “passive-investor” approach to buying stakes in financial institutions.
Two members of the Securities and Exchange Commission today called for harmonizing regulations of broker-dealers and investment advisers.
President Obama’s limits on compensation for executives with firms about to receive federal bailout money might be riddled with loopholes.
The Hartford (Conn.) Financial Services Group Inc. limped through the fourth quarter of 2008, racking up a net loss of $806 million.
TD Ameritrade Holding Corp. is close to reaching a settlement with the Securities and Exchange Commission over the sale of auction rate securities
Dividends of companies in the S&P 500 stock index this year are expected to see their sharpest annual decline since World War II, New York-based S&P said today.
