For decades, "The Oaks" was the oceanside playground of the Barrons and the Bancrofts, heirs to the Dow Jones and Wall Street Journal fortunes. Today, the 20,000-square-foot mansion with 45 rooms and surrounding properties went on sale for $55 million.
Bank of New York Mellon Corp. is closing nine of its wealth management branches in Pennsylvania, New York, and New Jersey, the company confirmed today.
Barclays Wealth, the $241 billion wealth management unit of Barclays Bank PLC, has snapped up a team of advisers from Neuberger Berman LLC, the company announced Wednesday.
The affluent are feeling as confident now about the economy and their investments as they did in December 2007
Despite a deafening silence from advisers on long-term-care planning, most consumers say they want input from a financial professional on LTC
Further complicating matters, the LTC business requires large amounts of capital, which puts added pressure on carriers that issue the policies
Rush “Rusty” Benton, who founded WealthTrust LLC in 1997 to buy majority stakes in independent wealth management firms, is stepping down as chief executive officer of the company and will assume the new role of chairman, he said Thursday.
State Street Global Advisors tabs former Goldman and Barclays executive to head its defined contribution business
When he was mayor of New York, Ed Koch often would ask constituents, “How am I doing?”
Natalie Choate, a retirement planning expert with Nutter McClennen & Fish LLP, talks with Morningstar's Christine Benz at the InvestmentNews Retirement Income Summit about the new rules that apply to an annuity when it's purchased inside an IRA.
The Financial Research Corp. is recommending that target-date funds sharply curtail riskier investments well before they approach maturity — based on the assumption that investors will roll over their assets.
Living longer has its price, study finds
The Employee Benefits Security Administration is planning to publish a compliance checklist for target date fund selection this spring
The percentage of survey respondents who said they are concerned about whether their assets will last throughout their lifetime rose to 61% last quarter, from 53% in the fourth quarter.
President Barack Obama's success as an author continued to add to his wealth last year as he and first lady Michelle Obama reported having assets of between $2.3 million and $7.7 million.
Many financial planners are in the dark about ways to help clients boost their monthly government checks. That needs to change, says one expert.
Putnam Investments is planning to launch a mutual fund with a guarantee in the first quarter of next year.
The software billionaire's father is spearheading an initiative to impose a state tax on Washington's wealthy
Investors should plan now for when and how financial decisions should be made if they become impaired, says investment strategist and professor Andrew Lo.
17 of Fortune 100 companies provide death benefits for heirs of top execs. Omnicom stockowners are just the latest to vote down a 'pay-for-no-pulse' proposal
