Bailout bunch draws ire of own investors: Lawsuites may follow 14 saviors hedge dredge for Meriwether fund
The Hurricane George of the financial markets - the disaster of a hedge fund known as Long-Term Capital Portfolio LP - could prompt a storm of lawsuits against the 14 securities firms and banks that joined forces last week to bail it out.
STATS : VARIABLE ANNUITIES IN SEVERAL VARIETIES
Aggressive growth Top 10 PRODUCT 1 YEAR % 3 YEAR % UNDERWRITER Perspective JNL Aggressive Growth 24.92 19.49…
WHOLESALER PAY ROCKETS UP: BATTLE FOR ADVISERS BOOSTS TAKE-HOME TO $400G
Those in financial services like to call mutual funds commodities, because there are more than 8,000. And many liken those who market them to shoe salesmen or door-to-door encyclopedia salesmen.
IRS a hidden winner in Big Six deals: CPAs may have to cash out stock of new clients
Partners at the soon-to-merge Coopers & Lybrand and Price Waterhouse may be doing more this summer than combining their files. They also could be realigning their personal portfolios.
Special Report: Efficiency vs Independence equals stalemate in adviser acquisitions
A fragmented legion of independent financial advisers controls a growing share of the retail investment business. Meanwhile, an increasing cadre of larger financial services companies is on the prowl to buy these firms.
Q&A: CRAIG LITMAN "DO I EAT MY COOKING? ABSOLUTELY"
Craig Litman was a mutual fund junkie before they blanketed Main Street. In fact, Mr. Litman and partner…
CUT COSTS WHILE THE SUN SHINES, GOLDMAN URGES: REPORT SAYS TIME IS NOW FOR ECONOMIES, NOT WHEN BOOM ENDS
Money management firms should develop economies of scale now, while the industry is prosperous, according to a new…
Waterhouse Investor Services Inc. Taking Over: Spring White Sale Prompted By Need To Boost Technology
In an interview just a few weeks ago, Jack White was extolling the joys of running a boutique.
SHARPE INTRODUCING SERVICE THAT WOULD BYPASS ADVISERS: NOBEL LAUREATE TO OFFER INDIVIDUALIZED PLANS VIA INTERNET TO FIRMS WITH 401(K) BENEFITS
The $4.5 million computer-driven service, called Financial Engines Inc., is to begin in the middle of the year.
