The pullout of Goldman Sach leaves NFP in control of Institutional Life Services. So what will they do with it?
The number of U.S. stocks in Berkshire's $51 billion stock portfolio slipped to 33 as of March 31, compared with 39 a year earlier and 37 in 2008. Here are some of the notable reductions —and eliminations— Berkshire's portfolio.
BNY Mellon on Friday said it reached a deal to buy I(3) Advisors of Toronto, an independent company with more than C$3.5 billion ($3.4 billion) in assets under advisement.
Bank of New York Mellon Corp. named Lawrence Hughes head of its wealth-management unit, replacing David Lamere, who resigned.
Rockefeller & Co., Inc., the wealth management firm that has been looking for a chief executive since the suicide of CEO James McDonald last fall, has changed its name to Rockefeller Financial.
Critics say plan to treat all life settlements as securities will shrink the industry – or worse; others say that's hooey
An SEC task force on Thursday recommended that life settlements be defined as 'securities,' thus making such transactions subject to federal securities laws.
AllianceBernstein Holding LP demonstrated enough progress in some businesses last year that the company plans to add advisers in 2010 and may buy smaller complementary firms, executives said late Thursday during an earnings conference call.
In his early 60s and at the doorstep of retirement, Robert Neiswanger was considering long-term-care insurance. He acknowledged that the coverage made sense, but he couldn't come to terms with paying for something he might never need.
If your client wants to convert his or her individual retirement account to a Roth IRA this year but doesn't have cash from non-IRA sources to pay the tax on the conversion, consider looking at his or her capital assets.
A recommendation by an SEC task force that life settlements be treated and regulated as securities has raised concerns that another turf battle may be brewing between state insurance regulators and federal securities cops.
Officials for Silver Bridge Advisors LLC said today they to plan to purchase a San Francisco-area investment adviser, adding that their firm has created a separate entity to better market itself to wealthy families and family offices.
Goldman Sachs Asset Management's effort to expand its small defined-contribution business by offering custom target date funds has caught the attention of advisers.
Western National Life, an AIG Inc. subsidiary, emerged as the top fixed-annuity seller in the bank channel during the third quarter of 2009, displacing rival New York Life Insurance Co., according to data from Beacon Research Publications Inc.
For financial advisers, the epicenter of the Deepwater Horizon disaster may not be the Gulf of Mexico but Whiting, Ind.
Star slugger's sign in left field replaced by ad for insurer
The tide is high, as house sales in the Hamptons surge; plowing market profits 'into real estate'
American Insurance Group Inc. and some of its directors and officers have agreed to a $725 million settlement to resolve allegations of wide-ranging fraud laid out in a class action suit led by three Ohio pension funds.
The Labor Department today issued much anticipated fee disclosure rules for providers of services to employee pension benefit plans.
Investors are taking advantage of a loophole that lets them use their pension money to invest in new businesses -- tax free. But snares await
