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This is according to a survey of nearly 24 large financial firms by Hearts & Wallets.
March 18 -
Despite a powerful earthquake, a deadly tsunami and growing alarm about nuclear fallout, it has mainly been business as usual in Japan for Citigroup.
March 18 -
Bankers are divided over the seriousness of a provision in the Dodd-Frank Act that would repeal Regulation Q and allow banks to pay rates for demand deposits.
March 18 -
Lincoln, who believes the U.S. economy is about midway through a projected five-year bull run, took some time this week with On Wall Street to provide his big-picture views on a number of timely topics as well as a look back at what financial services firms, advisors and investors have learned from the rollercoaster-like ride of the past few years.
March 17 -
The decision will lead to further litigation, as the claimants seek to reverse their responsibility for $400,000 in attorneys fees.
March 17 -
htretirement services unit is generating significant new business, much of it from existing clients of the bank.
March 17 -
Nearly every day, I get a notice touting the launch of some new ETF. And at this point, most of them represent some fringe aspect of the investment world. Small-cap stocks from one certain country in the Middle East, say, or a fund from Africa that deals with water infrastructure. Sometimes, they are sliced so thinly that there are just a handful of companies in the underlying index. Useful perhaps, but probably only for a
March 17
Employee Benefit News and Employee Benefit Adviser -
Large asset managers are beginning to focus more on providing retirement income solutions, according to survey by Hearts & Wallets of nearly two dozed large, multifaceted firms with more than $10 trillion in assets under administration.
March 17 -
Global X Funds on Thursday launched the Global X S&P/TSX Venture 30 Canada ETF, an exchange-traded fund that targets companies on Canada’s junior exchange for emerging companies, the TSX Venture.
March 17 -
The Financial Industry Regulatory Authority is developing a system that will tell its examiners and firms compliance officials whether firms that sold munis with material-event disclosures passed that information on to customers.
March 17 -
The global flight from risk continued to bolster the municipal bond market on Wednesday as the prospect of a nuclear meltdown in Japan enhanced the appeal of the shelter of low-risk bonds.
March 17 -
Although Sheila Bair and the ABA have often been at loggerheads over regulatory reform, the distance between them was never more apparent than during her last address to the group.
March 17 -
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Long-term funds took in $4.5 billion in the week ended March 9, the Investment Company Institute said.
March 16 -
In the latest indicator that perhaps the worst of the economic malaise is behind us, a new report released on Wednesday by Spectrem Group finds that the number of U.S. households with a net worth of more than $1 million, excluding their primary residence, jumped 8% to more than 8.4 million households in 2010.
March 16 -
Parents may need to worry less that theyll promote dependency, study finds.
March 16 -
Bank of America Merrill Lynchs retirement services unit is generating significant new business, much of it from existing clients of the bank.
March 16 -
Seventy-one percent of financial advisers foresee the greatest investment opportunities in the decade ahead outside of the U.S., a survey of 556 advisers by Franklin Templeton and SourceMedia found.
March 16



