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.
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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.
Financial advisers are questioning the decision of TD Ameritrade Holding Corp. to keep them in the dark after hackers gained access to their clients’ Social Security numbers, account numbers, phone numbers and e-mail addresses.
Broker-dealers will need to beef up compliance and oversight of variable annuity sales by their representatives at the start of next year.
The insurance industry wants Congress to do something about the Byzantine system of state-by-state agent licensing and oversight.
