Recently added articles from Investment News:
Penson Worldwide to buy Broadridge clearing business; As part of the deal, broker inks 10-year outsourcing contract.(News)
Nov 09, 2009 ... Byline: Jed Horowitz Broadridge Financial Solutions Inc., the brokerage services firm spun off by Automatic Data Processing Inc., is selling its securities clearing business to Penson Worldwide Inc. and its Penson Financial Services Inc. subsidiary. The transaction ...
Ameriprise, hot off a hiring frenzy, guts and rebuilds recruiting staff; Firm's restructuring effort aimed at bringing in more independent reps.(News)
Nov 09, 2009 ... Byline: Bruce Kelly After recruiting some 500 representatives so far this year, Ameriprise Financial Inc. is gutting and rebuilding its recruiting staff as part of an effort to bring in more independent reps. On Oct. 13, Ameriprise showed the door to 13 cold-callers ...
At the Bell.(News)
Nov 09, 2009 ... President signs $24B stimulus bill President Obama on Friday signed a $24 billion economic-stimulus bill into law. The law gives tax incentives to prospective homebuyers and additional benefits to the unemployed. The signing came one day after the House ...
CFP Board emphasizes ethics for firms that work with planners; Creates guidelines amid concerns about sales practices.(News)
Nov 09, 2009 ... Byline: Jed Horowitz The Certified Financial Planner Board of Standards Inc. expects to roll out draft guidelines next month for insurance firms, broker-dealers, banks and money managers to help them comply with the organization's ethical standards for independent advisers. ...
Allianz puts kibosh on LTC product.(News)
Nov 09, 2009 ... Byline: Darla Mercado Allianz Life Insurance Company of North America is pulling its stand-alone long-term-care insurance product off the shelves, effective Friday, according to an announcement the company made internally and to its distribution partners. LTC sales ...