Once a year, New York Life establishes a fixed minimum interest rate higher than money market mutual funds for the portfolio, whose principal is guaranteed. The offering is meant to appeal to conservative investors, or those whose children are near college age.
"The Stable Value Portfolio provides an attractive level of risk management that some investors find particularly appealing," said Beverly J. Moore, managing director, NYLIM Retail Markets.
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.
In the first three months of 2024, both profits and client assets reached new heights at RayJay's Private Client Group.
Last year, almost $1 trillion flooded into money market funds. Here are the 20 that have grown the biggest.
Amid a busy April for big hires, compliance tech provider COMPLY and wealthtech platform TIFIN have brought on industry vets Michael Stanton and Jeannette Kuda, respectively, aiming for strategic growth.
Turns out clients are as mistaken about tax preparers as they are about taxes.
