Putnam, a unit of the big insurance brokerage
Brooks succeeds William Landes, who was reassigned to develop a hedge fund unit for Putnam.
Putnams revenue fell 22% last year as its stock and bond funds had $15.7 billion of net withdrawals. The company managed $241 billion of assets at Feb. 28, down from $249 billion at Dec. 31.
The insurance products began 2024 in much the same way as 2022 and 2023: with record-breaking sales.
Are clients' savings working for them? How to best guide them on the pros and cons of Roth IRAs and other savings programs.
Financial advisors, tax professionals and their clients get another year to think through potential tax, distribution and trust strategies, according to experts.
The Wall Street giant has been moving away from providing in-house retail investment advice to finding ways it can support smaller firms.
The IRS and the Treasury released final regs on the tax credits, with specific rules for partnerships and S corporations.
Here's how commenters such as the AARP, SIFMA, FSI, the Consumer Federation, NAPFA, the CFP Board and others view the Department of Labor's retirement advice regulation.
