The retirement businesses of Putnam Investments and Great-West Financial will be merged under a plan announced today by the firms’ parent company, Great-West Lifeco U.S.
Former Napfa Chairman Mark Spangler has been sentenced to 16 years in prison for what the court described as “a complete betrayal” that cost his clients millions in life savings.
An industry group composed of players in the high-net-worth insurance market has been formed, with the ACE and PURE insurance companies among its initial members.
A former prominent, international law firm has been accused of doctoring its books over a period of years in an attempt to stave off bankruptcy, culminating in a phony $150 million private bond...
Public concerns about privacy have prompted Finra to scrap plans to collect the names, addresses and tax IDs of brokerage account holders to help with regulatory enforcement.
The “4 percent rule” used as a template for many retirement portfolios has been questioned by a new J.P. Morgan report that contends the formula shortchanges retirees.
