<i>InvestmentNews</i> last month invited a group of people to our office in New York for a frank discussion about retirement.
While investors and advisers have crowed about the density of variable annuity prospectuses, officials at the Securities and Exchange Commission say that the products are generally too complex to describe in abbreviated set of disclosures.
John Hailer, president and chief executive of the North American operations of Natixis Global Asset Management, fired off a letter to the head of the Employee Benefit Security Administration.
Spectrem Group also found that retirement accounts such as defined-contribution and defined-benefit plans rose 18% to $9.3 trillion in 2009, up from $7.9 trillion in 2008
Ameriprise Financial Inc. Chairman and CEO James M. Cracchiolo saw his total compensation grow 52 percent in 2009 to $18.2 million, largely because he earned a cash incentive after receiving no such award the previous year.
The following is a weekly investment commentary by Bob Doll, vice chairman and chief equity strategist for fundamental equities at BlackRock Inc.
The revenue-raising provision of the new health care law most likely to affect your clients is a 3.8% levy on investment income.
Higher federal taxes, coupled with a rising stock market, threaten to hit U.S. fund shareholders particularly hard.
A pleasure cruise down memory lane, with some of the best spots ever seen on TV. Join the fun -- and tell us your favorite
Chardonnay-sayers proved wrong, as fine wine index hits new high after tanking in 2008
Take a look at a simple example and see under what circumstances an immediate annuity might be appealing.
Broker -- and candidate for the U.S. Senate -- says the latest government plan will further distort the underlying economics of the real estate market
HighTower Advisors LLC has hired another adviser from Morgan Stanley Smith Barney LLC's ranks — despite facing a continuing “lift-out” lawsuit that Morgan Stanley brought against it last month.
HighTower Advisors LLC announced today that it has snapped up another team of advisers, this time from Morgan Stanley Smith Barney LLC.
Move expected to occur during the second quarter, and will affect approximately 50,000 client accounts.
Under pressure from financial advisers who want to act as fiduciaries in 401(k) plans, Fidelity Investments plans to institute level 12(b)-1 mutual fund fees paid to advisers who sell the firm's plans.
Post-recession, the numbers of millionaires climbed to nearly 8 million. That still trails the all-time high of 9.2 million reached in 2007
Legislation allowing defined-contribution-plan participants to convert plan assets to an in-plan Roth account may be passed into law as soon as the end of next month.
Only about a quarter of respondents said they “strongly agree” or “agree” that the recession is over, and another quarter said the U.S. will remain in a prolonged economic downturn for the next two years
