MetLIfe, Axa curbs on clients' VA additions a way to rein in market exposure amid tough economy
In a bid to appeal to fee-based and fee-only financial advisers, life insurers are resurrecting a once-forgotten product intended to generate a steady stream of retirement income outside the VA arena.
Life Partners accused of misleading shareholders about mortality estimates; securities or not?
But reports of a possible Chinese suitor heat up the floundering firm's share price
It doesn't happen very often. But on Wednesday, a Finra panel ordered a pair of investors to pay $75K for bringing 'frivolous' claims against a broker-dealer and one of its reps. The panel also admonished the duo for a 'bad-faith abuse of the Finra arbitration process.'
Warren Buffett, the chief executive officer of Berkshire Hathaway Inc. since 1970, told shareholders that the board has decided on his eventual replacement.
Leukemia claims life of Walter Schloss: investments generated 16% annual return over 47-year period
Purchase now complete, acquirer says 70 of 75 Paulson advisers stayed on at firm
Author says old strategies don't work in a period of superdeleveraging; bring 'em back out in five years
Sean Quinn, once Ireland's richest man, lost $1.3B on AIB bet
Makes enhancements to self-directed system; platform may get more traffice as firm focuses on higher net worth clients
Bank of America Merrill Lynch hired 475 net new financial advisers in the third quarter, but revenue from the largest business unit of Bank of America Corp.'s global wealth and investment management division fell 1.9% to $3.43 billion
In a letter to <i>InvestmentNew</i>s, Mr. Sykes said he was in negotiations to buy certain assets from GunnAllen — and that the purchase price would have more than covered the $1 million regulators deemed it needed immediately to remain open for business
Clients who didn't panic during the financial crisis and kept their money in the Dow have seen their faith rewarded. On Tuesday, the DJIA closed at 13,000 for the first time since Jan. 2008. The question: Where to from here?
