NEW YORK — Gulf Coast financial advisers are standing on higher ground two years after Hurricane Katrina devastated that region.
NEW YORK — After completing an overhaul of its top management late last year, Bear Stearns’ clearing and custody unit continues to hire new executives — some of whom are being recruited from top rivals.
CHICAGO — While income annuities are the most cost-effective way to provide income at retirement, investors are reluctant to purchase them, according to a new study.
NEW YORK — Target date funds should take a liability-driven investing approach, protecting them from the bumps and grinds of equity markets, officials at Pacific Investment Management Co. contend.
NEW YORK — A company that specializes in the sale of restricted securities and other illiquid positions has formed a group to help owners of minority stakes in small to midsize companies sell their shares in private transactions.
The jolts that TD Ameritrade Holding Corp. experienced during 18 months of integration following the 2006 merger of TD Waterhouse Group Inc. and Ameritrade Holding Corp. have not dulled its appetite for more deals, according to chairman and chief executive Joe Moglia.
Workers know they have to save for retirement, but they’re lost without financial planning, a study found.
Two insurance associations want the NGA to support legislation creating an optional federal charter for insurance regulation.
Money managers are finding a bevy of opportunities in the subprime-mortgage fallout.
The variable annuity has a withdrawal base that will grow at least 7% annually during its first 10 years.
Some financial advisers fear that a proposal backed by the Financial Planning Association that would allow brokers to make principal trades in their fee-based accounts would result in a new loophole that brokers can use to skirt investment adviser regulations.
CHICAGO — Younger workers are ahead of other generations when it comes to saving for retirement, but advisers still tend to prefer older and wealthier clients.
NEW YORK — A group of seven investment banks may get stuck with the tab for this year’s biggest leveraged buyout.
SAN JOSE, Calif. — A former employee who has cashed out of his 401(k) plan can still sue the plan’s administrator for mismanaging the plan’s assets, a federal appellate court has ruled in a decision that observers said significantly increases the number of participants who can file suit against their plan sponsors.
NEW YORK — With assets increasing, the Raymond James Bank is beginning to have an effect on the results of parent company Raymond James Financial Inc.
IRVINE, Calif. — State regulators are seeking reinforcements. In a speech this month at the annual meeting of the National Conference of State Legislatures, Joseph Borg, president of the North American Securities Administrators Association Inc., called for the NCSL to develop a more detailed policy statement opposing federal pre-emption of state securities laws.
After examining an aborted insider-trading investigation involving Pequot Capital Management Inc. and Morgan Stanley chief executive John Mack, Senate investigators have concluded that SEC enforcers are concerned about being undermined by their supervisors.
