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In the first half of 2012, tons of cash flowed out of non-qualified annuities, according to the Depository Trust & Clearing Corp.
August 13 -
The Bockhold-Voorhees wealth management group joins RBC as recruitment picks up at the Newport Beach, Calif. office. The Bockhold-Voorhees Wealth Management Group, including Tim Bockhold, Bob Voorhees, Maureen Ortiz and Kathleen Carroll, have moved from Wells Fargo to RBC Wealth Management's Newport Beach, Calif., office, which spans from San Diego to Beverly Hills and out to the desert. .
August 13 -
Bond fund sales grew at a record pace during the first half of 2012, according to Strategic Insight. Equity funds recorded net redemptions in aggregate.
August 13 -
Money-market fund companies obtained permission to support 155 of their funds during the financial turmoil of 2007 and 2008, and six more funds got the same go- ahead since the crisis, according to a list provided to Congress by the U.S. Securities and Exchange Commission.
August 13 - Money Management Executive
oward C. Greene, the lead portfolio manager for the John Hancock Bond Fund, has just passed the 10-year milestone at the helm of the $1.4 billion fund.
August 13 -
The Value Line Asset Allocation Fund has been added to the Schwab Mutual Fund OneSource Select List. The fund is ranked in Lipper's top 12% for the 10-year period.
August 13 -
Market timing and late trading scandals in 2003 led to a substantially more demanding regulatory environment. This has included the adoption of a rule requiring funds to designate a compliance officer and implement a comprehensive program for complying with federal laws and regulations on investment fund operations.
August 13 -
By providing cheaper initial premiums and offering frequent buy-ups, insurer looks to attract healthy adults currently suffering budgetary constraints.
August 13 -
Veteran advisors Vann Wilder and Van Martin are taking their $300 million team from Morgan Stanley to Raymond James Coral Gables, Fla. office.
August 13 -
About 35% of women report using a financial advisor and another 35% who don't use an advisor would consider doing so, according to a new survey from Prudential Financial.
August 13
