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INDUSTRY NEWS MAR 13, 2008
Dimon: Housing mess relief a year away

"it looks to me, [recession is] what we're in right now, JPMorgan Chase chairman and CEO James Dimon said.

INDUSTRY NEWS MAR 13, 2008
Retail sags, U.S. imports grow

With gas prices soaring and the economy struggling, retail sales slid 0.6% in February.

LIFE INSURANCE AND ANNUITIES MAR 11, 2008
Fixed annuities sales down 9% in '07

Estimated sales of book value annuities totaled $6.9 billion, while sales of indexed annuities totaled $6.3 billion.

INDUSTRY NEWS MAR 11, 2008
U.S. trade deficit rises slightly

The U.S. trade deficit inched up in January, according to the Department of Commerce.

OPINION MAR 10, 2008
Drawing down retirement money

Over the past six months, I have done extensive research on the best ways to draw down assets to create retirement income, including looking at the effect of taxes on that process.

BROKER DEALERS MAR 10, 2008
Becoming a thriving enterprise

Financial advisory firms have evolved from home-based businesses, to one-man shows, to full-fledged, thriving enterprises with multiple professionals and sometimes many staff members.

BROKER DEALERS MAR 10, 2008
Round Table: Regulation - Round-Table discussion transcript

The following is an edited transcript of the round-table discussion.

INDUSTRY NEWS MAR 10, 2008
Wholesale stats rebound in January

Farm product sales jumped 16.1% for January and 73.3% from the year-ago period.

BROKER DEALERS MAR 10, 2008
Indie broker-dealers welcome SEC plan

The SEC's proposed changes to Regulation S-P may slow down recruiting of independent reps, but executives with independent broker-dealers nonetheless are relieved that the agency has given some potential guidance on the issue.

OPINION MAR 10, 2008
Tax reform needs top-to-bottom analysis

Two tax reform issues are likely to collide over the coming months, and the fallout could be painful for high-income taxpayers.

INDUSTRY NEWS MAR 10, 2008
An alternative fleece

If hedge funds are becoming too commonplace, Michael Goldston offers jaded high-net-worth investors an alternative investment whose distinctiveness will knock their socks off and keep their feet toasty at the same time.

INDUSTRY NEWS MAR 10, 2008
529 industry vocal in finalizing fed tax rules

The Section 529 college savings plan industry is trying to make sure that the Internal Revenue Service doesn't rain on its parade.

LIFE INSURANCE AND ANNUITIES MAR 10, 2008
Nationwide Mutual to buy back shares for $2.2B

The move is intended to simplify the mutual company's ownership structure, according to the firm.

INDUSTRY NEWS MAR 07, 2008
Jobs down, but so are unemployment claims

U.S. nonfarm payrolls shed 63,000 jobs in February — the second consecutive monthly decline.

INDUSTRY NEWS MAR 07, 2008
Wary consumers glum on economy

The RBC CASH Index fell to a reading of 33.1 in March, marking the index's worst reading since January 2002.

INDUSTRY NEWS MAR 07, 2008
GunnAllen, Questar, Bluestein named in suit

An alleged Ponzi scheme ran for 12 years and defrauded 1,000 investors of $350 million.

LIFE INSURANCE AND ANNUITIES MAR 07, 2008
Cuomo presses insurers for payment info

The New York attorney general Andrew Cuomo is broadening his investigation into health insurers’ practices related to payments for out-of-network services.

OPINION MAR 07, 2008
Hunting for Health Insurance in Early Retirement No Easy Task

INDUSTRY NEWS MAR 07, 2008
Sanders Morris Harris Group

The Houston-based asset management firm’s earnings fell $596,000, after a net income of $2.6 million in the year-ago period.

REGULATION AND LEGISLATION MAR 06, 2008
Sen. Dole: SarbOx a burden for banks

Republicans plan to introduce a bill that would make compliance with some provisions of Sarbanes-Oxley voluntary for banks.