Portfolio

LIMRA predicts that lower interest rates will cut into the record sales, but two top issuers received IRS rulings they say will help RIAs offer the products.

The deal will accelerate the firm’s digital-heavy client strategy, CEO Andy Rachleff said.

HighTower adds a nearly $1 billion RIA to its growing roster.

Investment banks are increasingly studying the relative positioning of funds that compete with each other to beat benchmarks.

The firm added an experienced advisor from Wells Fargo after recruiting 72 other tenured reps in the second quarter.

Aside from cutting spending and contributing to a Roth account, investors are also advised to sock away at least 10% of their annual earnings.

Regulators and observers warn there are risks to mixing show business with investment advice.

Angst over the Fed’s decision to lower borrowing costs has seeped into the $3.8 trillion market for municipal bonds.

Plus, the average employee contribution rate reached 8.8% in the second quarter, up a full percentage point from a decade ago.

These clients will need bigger savings than other age groups to fund a longer retirement horizon, according to a study.