KPMG LLP endured another blow in its tax shelter case this week, when a federal judge in Texas ruled that tax shelters based on fake bank loans are not legitimate tax write-offs, according to the New York Times.
Putnam Investments today announced that it is being acquired by Great-West Lifeco Inc., a subsidiary of Power Financial Corp. in Montreal, for $3.9 billion.
Three executives of National Planning Corp., Sean Haley, Bryan Jacobsen and Austin Moon, have received promotions.
The Pending Home Sales Index, which measures signed sales contracts, increased 4.9% in December.
Can an annuity help your clients get there?
New York Attorney General Eliot L. Spitzer isn't just getting scandal-plagued mutual fund companies to cry uncle. He is going for their wallets, too.
A bipartisan group of senators has offered compromise legislation that would require publicly traded companies to include in expense statements stock options for their top employees.
Concerned that the public - and even some financial planners - are clueless about its practice standards, the Certified Financial Planner Board of Standards Inc. in Denver is on a mission to spread the word.
The Internal Revenue Service is already helping taxpayers use a new tax law providing income exclusions for death benefit payments and certain home sales.
Mutual funds that use hedging strategies are finding their way into variable-annuity subaccounts - a move some expect will snowball in the coming year.
Some of Wall Street's most powerful firms, reeling from steep drops in stock-trading profits, are urging regulators to help them make more money.
When Dain Rauscher Inc. bought Minneapolis neighbor Wessels Arnold & Henderson LLC four years ago, it thought it also was snagging all the top executives of the investment bank, known for its technology deals.
Experts say investors can loosen the binds of their restrictive UGMA or UTMA accounts and get into a 529 — with a few caveats.
Cash positions in some equity portfolios are rising as cautious portfolio managers are put off by the poor economy.
