A wealthy retired couple in their late 70s enjoyed an annual income of $80,000 but wanted to increase their standard of living.
The growth of the financial planning profession overseas is in the fast lane, though there are some speed bumps, observers say.
Some insurers are taking away their advisers’ group health insurance and other employment benefits if proprietary-product quotas aren’t met, advisers say.
A life insurer known mainly for its fixed annuities has thrown its hat into the variable annuity ring.
State regulators, led by Massachusetts’ William F. Galvin, are stepping up their attacks on financial scam artists who prey on senior citizens.
The Financial Services Institute Inc. hopes to bend the ear of the consulting firm chosen by the Securities and Exchange Commission to consider the effect on investors of applying differing regulatory standards to broker-dealers and investment advisers.
Ultrawealthy clients with investible assets of $40 million to $50 million rapidly are emerging as one of the most coveted segments of the wealth management business.
LPL Financial Services Inc.’s plan to acquire three broker-dealers owned by Pacific Life Insurance Co. came as little surprise to many in the industry, though the deal has raised a few key questions, industry observers and advisers say.
Industry observers are worried about the potential effect of an NASD proposal to eliminate the definition of “office of supervisory jurisdiction” and in its place create four new branch-office categories.
After 15 years of serving their common clientele separately, Schwab Institutional and Cambridge Investment Research Inc. are showing those dually registered advisers a united front in recruitment, service and reporting.
NEW YORK — The ever-evolving need for assisted-care facilities for the elderly and increased concern over energy policy have created opportunities for municipal bond portfolio managers.
NEW YORK — Once the domain of the Corn Belt, the biofuel industry is heating up across 41 states, thanks to the emergence of biodiesel.
WASHINGTON — A new financial product will allow traders to bet on which way the wind blows. The Chicago Mercantile Exchange today began selling hurricane futures contracts and options on futures contracts.
In a huge survey of its clientele, Schwab Institutional documented what financial advisers have been screaming about for years.
NEW YORK — Emerging-markets investors may have done well for themselves during the past four years, but there are several reasons why they might want to exercise caution in the coming months, according to one portfolio manager.
NEW YORK — Commonwealth Financial Network of Waltham, Mass., said it is giving pay raises to 400 of its advisers effective April 1, increasing the payout for advisers once they reach $25 million in assets on the firm’s proprietary managed money system.
NEW YORK — Real estate investment trusts don’t exist in India, but investing in real estate there shows great potential, according to executives at Deloitte Touche Tohmatsu.
OTTAWA — It isn’t that Canada doesn’t have securities laws; it has lots of them. But there seems to be a problem with enforcement.
