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After years out of the spotlight due to the financial crisis, anti-money-laundering issues returned to Capitol Hill on Wednesday as lawmakers raised renewed concerns about the supervision of money-services businesses.
March 11 -
While financial advisers have been relying on internal wholesalers more heavily since the financial downturn, they are also finding those contacts not as accessible or responsive as they would like, according to the latest installment in Financial Research Corp.’s Advisor Insight Series, “Wholesaler Effectiveness.” FRC concluded that fund companies may be underestimating and spreading this valuable resource too thinly.
March 10 -
A total of four sessions at the conference were focused on regulations and fiduciary responsibility and speculation swirled about who would be affected and how.
March 10 -
Jackson National Life Insurance announced it achieved record sales and deposits of $15.2 billion and record profit of $670 million in 2009. Sales and deposits were 8% higher than 2008, and net income increased from a net loss of $1 billion in 2008, primarily due to the positive impact of movement in non-operating derivative holdings and hedging practices for its annuities.
March 10 -
Folio Institutional, a division of FOLIOfn, has teamed up with Alliance Benefit Group Carolinas to offer a turn-key, web-based 401(k) platform that offers transparency, simplicity, low cost and is customizable. It includes custody, trading, recordkeeping and administration, and is available to advisers for just 95 basis points.
March 10 -
Americans need to resume saving and planning if they want to retire comfortably.
March 10 -
How can advisors broach this touchy subject with Boomers?
March 10 -
Eagle Asset Management has launched the Eagle Investment Grade Bond Fund, a mutual fund modeled on its High Quality Taxable fixed income separately managed accounts portfolio.
March 10 -
Prospects and clients might say they're feeling upbeat about the economy, but their money isn't talking.
March 10 -
BrightScope, a 401(k) ratings and analytics firm, has formed a partnership with Acceleration Retirement, a provider of practice management, marketing and lead generation services for retirement plan advisers—to offer a complete end-to-end prospecting and client acquisition solution.
March 10 -
The company increased sales by 14% last year, surpassing $1 billion for the first time in its history.
March 10 -
The reasons to buy long-term care insurance arent new. What is new, though, is who boomer clients are buying such insurance for: their parents.
March 10 -
The Michigan-based wealth management, CPA and business consulting firm is moving custody of its $2 billion-plus in assets under management.
March 10 -
The Municipal Securities Rulemaking Board is expected to file long-awaited rule changes with the Securities and Exchange Commission that would implement the final phase of its transparency system for auction-rate securities and variable-rate demand obligations.
March 10 -
Muni Provisions Could Cost $20 billion
March 10 -
Money market funds are welcoming the Federal Reserves offer to buy an estimated $1 trillion in reverse repos, as the economy continues to rebound and the government looks to reduce the $2 trillion it pumped into the capital markets.
March 10 -
Senate Banking Committee Chairman Chris Dodd said Tuesday that he continues to hope for a strong bipartisan regulatory reform bill, but he offered no fresh details on developments in negotiations.
March 10 -
Tarp warrants could spawn a new source of funds for banks
March 10 -
Bank regulators issued 1,143 formal enforcement actions against banks and their holding companies last year, a new record and more than double the 2008 tally.
March 10 -
Financial planners and advisers hope that by boosting marketing they can expand their practices this year, according to a survey released by TD Ameritrade Institutional.
March 9




