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The Hartford has cut nearly 270 jobs in its investment products division, and more layoffs are expected, The Hartford Courant reports. The division sells variable annuities, mutual funds and retirement plans.
July 27 -
The Alternative Investment Management Association is siding with the U.K. on more lenient rules for hedge funds, private equity and other alternative investments, warning that the proposed regulations in the Alternative Investment Funds Directive “would hit fund managers and investors around the world” by making it difficult for them to access the European Union market.
July 27 -
Despite that at 84%, the vast majority of advisers come into contact with a client with Alzheimer's disease, only 4% of the 350 advisers polled by Fidelity Investments feel they have the tools and training necessary to help those clients.
July 27 -
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For anyone in a rush to snap up wealth management firms, or who thinks Wilmington Trust Corp. is poised for a buying spree, Ted T. Cecala says think again.
July 27 -
Firms attempting to prepare and strengthen their risk management systems in this rapidly changing regulatory landscape are finding it's a bit like trying to hit a moving target.
July 27 -
NEW YORK -- Most retirement planners agree that retirees should maintain some equity exposure during retirement in order to keep up with inflation and a retirement that could last three decades or longer, but what this level of exposure should be -- and whether or not the government should set some parameters -- is being widely debated.
July 27 -
The U.S. should adopt a Systemic Risk Council made up of top financial regulators, according to Investment Company Institute President and CEO Paul Schott Stevens, during testimony July 23 before the U.S. Senate Banking Committee.
July 24 -
Federated Investors reported second quarter profits of $53.3 million, or 52 cents a share, a 3% decrease from the $55.2 million, or 54 cents a share, it earned in the second quarter of 2008. It beat analysts’ consensus of 50 cents a share.
July 24