The outlook for traditional retail-brokerage firms has never been so uncertain.
With the stock market down more than 40% from the start of the year, the idea of portfolio re-balancing has taken on new meaning for many financial advisers and their clients.
Demand to buy financial advisory firms remains strong despite a drop in the value of assets under management and turmoil in the financial markets.
As much as executives at custodian firms dream about scores of wirehouse brokers going independent, they say that it's just not happening.
The U.S. economy shed 533,000 jobs in November, marking the largest single monthly contraction in the job market in 34 years, according to data from the Department of Labor.
Shares of The Hartford Financial Services Group Inc. jumped this morning on news that the company has raised its earnings guidance for the end of the year.
Before yearend, capitalize on low stock values by moving to Roth accounts.
ING Financial Partners last month reached a settlement with 38 defrauded investors to return $2.9 million stolen by two former brokers, both of whom are now in jail.
Economic activity weakened across the country since mid-October, as the credit crisis had an impact on the broader economy, according to the Federal Reserve's Beige Book.
The U.S. economy shed 250,000 private-sector jobs in November in the latest sign that the recession is pummeling the job market, according to the monthly ADP National Employment Report released today.
Sales on Black Friday — the day after Thanksgiving, thought to be the busiest shopping day of the year — fared better than anticipated but did not rescue November retail sales, according to a report from Thomson Reuters of New York..
AIG is in need of a federal government guaranty to meet counterparty collateral requirements, its former CEO Maurice Greenberg, said today.
Genstar Capital LLC, a San Francisco-based private-equity firm, yesterday agreed to buy Long Term Care Group Inc., an outsourced services administrator.
Common-wisdom definitions of what constitutes a recession notwithstanding, the National Bureau of Economic Research Inc. today confirmed what most Americans have been feeling for many months: The United States economy has been in a recession for a year.
While variable annuity performance has plunged this fall, the hedging programs designed to protect the products have helped carriers save $40 billion during September and October, according to a study from Milliman Inc.
The manufacturing sector headed downward in November as the economy continued to weaken under the weight of the financial crisis, according to a report by the Institute for Supply Management in Tempe, Ariz.
Fixed annuity sales in the United States hit $27.1 billion in the third quarter, up by 54% from the third quarter of 2007, according to data from Beacon Research of Evanston, Ill.
The CEO of Silvercrest Asset Management talks about the firm and offers advice to young advisers.
