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Fidelity launches college philanthopy program
The Fidelity Charitable Gift Fund will launch a program with Campus Compact to educate and inspire young people to get involved in philanthropy.
The Hartford buys tech firm
The Hartford announced plans today to acquire TopNoggin, a technology firm based in Powell, Ohio.
Fidelity to benefit breakaway brokers
Under the program, RIAs working with Fidelity will have access to affordable medical, dental and vision insurance.
IRAs outshine defined contribution plans
Assets in individual retirement accounts grew 16.5% in 2006 to a record $4.23 trillion, according to EBRI.
Metlife opens deferred-income annuity sale
MetLife will now distribute its retail-deferred income annuity through the carrier’s independent distribution arm.
LIFE Foundation names new leader
The Life and Health Insurance Foundation for Education yesterday chose Marvin H. Feldman as the group’s president and CEO.
H&R Block to post $500 million loss
The tax preparer's second quarter saw the shuttering of its troubled Option One Mortgage business.
The Hartford reports high-flying year
The insurance firm forecast core per-diluted-share earnings in the $9.80 to $10.20 range.
SIMFA predicts slow economic growth
The U.S. economy will grow a sluggish 2.1% in 2008 according to the SIFMA's Economic Advisory Roundtable.
UBS, 2 reps hit with rare award on punitive damages
A stunning $4.6 million award against UBS Financial Services Inc. and two of its brokers late last month revealed how irate the arbitrators were with UBS.
Ameriprise unit loses top rep to First Allied
As Securities America Inc. deals with the sting of losing one of its biggest advisers, the independent broker-dealer continues to tighten its compliance practices and procedures.
More children seen vulnerable to ‘kiddie tax’
More children could be trapped by the dreaded "kiddie tax" this year.
Consumer optimism rebounds after drop
Consumer sentiment stabilized in November after a steep decline in October, according to the RBC CASH Index.
Jobs uptick reported in November
The economy added 94,000 jobs in November, according to a Department of Labor report.
Insurers lobby for regulation options
Two organizations want insurers to have the option of being regulated federally or by the states.
Study profiles high-net-worth donors
The Bank of America report identifies 12 donor types and how they go about giving away their money.
Schwab cuts minimum on charitable accounts
Schwab Charitable Fund has reduced the minimum donation to open a charitable gift account from $10,000 to $5,000.
Brawny euro’s interest rate holds steady
The European Central Bank held its key interest rate at 4%, while The Bank of England cut interest by a quarter-point.
Millionaires, merely affluent lose faith
The Spectrem Millionaire Investor Index fell 11 points in November to a reading of 3.
Private sector adds 189,000 November jobs
The figure comes in much higher than market expectations and the biggest monthly increase in a year.
