Investment News articles from September 2005

Investment News archives from September 2005

'Industry Attitudes' survey out this week.(News)
September 5, 2005... We want to know what you, as financial advisers, think about the investment profession. For the third straight year, InvestmentNews will be conducting its survey of financial advisers. We will be sending out an electronic questionnaire...

At the Bell; Insurers have ability to pay Katrina claims.(Late News)
September 5, 2005... The insurance industry can pay all of its obligations from the estimated $25 billion in losses from Hurricane Katrina, according to A.M. Best Co., a rating agency based in Oldwick, N.J. But Best also said in its Thursday announcement that a few...

With Jane H. Williams of Sand Hill Advisors Inc.(One on One)
September 5, 2005... Byline: Brooke Southall Jane H. Williams is a two-time iconoclast in the largely male world of financial advice. The chief executive of Sand Hill Advisors Inc. in Palo Alto, Calif., became the first woman to work as a stockbroker for...

$1B Merrill workstation headache; Project problematic - but the reps like it.(News)
September 5, 2005... Byline: Dan Jamieson IRVINE, Calif. - Merrill Lynch & Co. Inc is in the midst of rolling out its $1 billion workstation, dubbed the Wealth Management Technology Platform, and the impression from brokers generally is positive. The...

Benefit plans topic of seminars.(Short Interests)
September 5, 2005... Byline: Sara Hansard WASHINGTON - The U.S. Department of Labor's Employee Benefits Security Administration and the American Institute of Certified Public Accountants of New York will be conducting seminars to educate small-business...

Investors sailing out of their safe harbor, study finds; Pushing advisers to offer investments with higher returns.(News)
September 5, 2005... Byline: David Hoffman NEW YORK - The dark cloud hanging over the heads of investors since the technology bubble burst in 2000 is lifting, a recent study indicates. The percentage of Americans who said that the "best place'' to have...

Does failure to consider ETFs breach fiduciary duty? An expert's column, co-written with BGI, sends e-mails flying.(News)
September 5, 2005... Byline: Brooke Southall SAN FRANCISCO - A number of financial advisers from across the United States have expressed concern about fiduciary expert Donald B. Trone's teaming up with an executive from Barclays Global Investors on a column...

Futures market for hurricanes.(Short Interests)
September 5, 2005... Byline: David Hoffman NEW YORK - The data coming in from the new Hurricane Futures Market in the aftermath of Hurricane Katrina show that meteorologists are pretty good at predicting where a hurricane may hit. The market was launched...

Uncertainty for advisers after Hurricane Katrina; FPA, Red Cross recruit planners to offer free advice to victims.(News)
September 5, 2005... Byline: Frederick P. Gabriel Jr. BOSTON - Thousands of financial advisers along the Gulf Coast are paralyzed by the swath of death and destruction cut by Hurricane Katrina. With no power, and most telephones and cell phones rendered...

Real risk for Social Security is legislation.(Monday Morning)
September 5, 2005... Byline: Mike Clowes The movement to fix Social Security is losing steam despite the efforts of President Bush. And it's clear that the opponents of allowing individuals to set up separate accounts with part of their Social Security taxes...

For Chuck, the only IMPACT will be on golf balls in Scotland.(News)
September 5, 2005... Byline: Brooke Southall SAN FRANCISCO - Charles Schwab & Co. Inc. is taking a mulligan with the speaker lineup for its annual adviser conference this month, as the company's own chairman and chief executive is withdrawing. Charles R....

Beware hurricane scams.(Short Interests)
September 5, 2005... Byline: Sara Hansard WASHINGTON - State securities regulators last week warned investors not to be taken in by investment scams based on the destruction caused by Hurricane Katrina. "Bottom-feeding con artists always try to find ways...

Soaring home values concern some planners; They worry that clients see only the upside.(News)
September 5, 2005... Byline: Charles Paikert NEW YORK - The red-hot real estate market - and the threat that it might be a bubble about to burst - is fueling increasing concern among financial planners who worry that clients could be overextending themselves...

Ill wind blows no good for gasoline prices.(Reverse Spin)
September 5, 2005... Byline: Frederick P. Gabriel Jr. Talk about adding insult to injury. Supply problems caused by Hurricane Katrina rocketed gasoline prices past $3 a gallon in many parts of the country last week. In some states, such as Illinois, gas...

Performance presentation standards increase options.(Other Views)
September 5, 2005... Byline: Alecia L. Licata The new provisions and guidance that the CFA Institute recently approved for the global investment performance standards establish an industrywide approach for how firms should calculate and report investment...

S&P enhances portfolio analysis tool for advisers.(Product Watch)
September 5, 2005... Standard & Poor's in New York has announced enhancements to its Advisor Insight online investment analysis service. Advisor Insight, the company's website for professional investment advisers, enables users to: * Draw from S&P's extensive...

Ameritrade taps upstart for portfolio reporting; Could affect deal with Waterhouse, which uses Advent.(News)
September 5, 2005... Byline: Brooke Southall SAN FRANCISCO - Ameritrade Advisor Services has made a little-known software company in Minneapolis the portfolio-accounting vendor of choice for its custody clients. Investigo Corp. announced today that it will...

Bankruptcy law may create work for advisers; New law requires credit counseling, which some advisers offer pro bono.(News)
September 5, 2005... Byline: Gary S. Mogel NEW YORK - Mandatory credit-counseling requirements under the Bankruptcy Abuse and Consumer Protection Act of 2005 may cause an uptick in business for advisers who offer such services, experts say. The new law, signed...

Proposal on IRA conversions of annuities worries insurers; Regs' closing loophole of artificial reduction considered too broad.(News)
September 5, 2005... Byline: Rick Miller CHICAGO - The life insurance industry is among those voicing concern that temporary government regulations to shut down a specific annuity scheme could have far-reaching consequences. The rules, issued by the U.S....

People.
September 5, 2005... Genworth Financial Inc.'s retirement services group in Richmond, Va., has hired David Reynolds, 29, as regional vice president and wholesaler with responsibility for insurance and annuity products in northern New England. He was a...

Calendar.(Calendar/Datebook)
September 5, 2005... SEPTEMBER 6 - Business Ownership Success Seminar, Investors Capital Corp. Westin Seattle Hotel. (800)949-1422 or investorscapital.com. 7 - Hot Issues in Executive Compensation 2005, Practising Law Institute. PLI New York Center....

SEC must tread softly with soft dollars.(Editorial)
September 5, 2005... Once again, the Securities and Exchange Commission is attempting to tighten the rules regarding the use of soft dollars to buy investment research. While the SEC's efforts are aimed mainly at stemming potential and actual abuses at the...

High-net-worth asset manager decides to go retail.(Street Wise)
September 5, 2005... Byline: Jeff Benjamin Whenever a manager of institutional or high-net-worth assets decides to go retail, it usually merits at least a cursory glance to see what might be unfolding. In the case of R.W. Roge & Co. Inc. of Bohemia, N.Y.,...

Barclays Global tries new market (bi)cycle.(Short Interests)
September 5, 2005... Byline: Brooke Southall SAN FRANCISCO - It's not much fun being world famous if you hardly register a blip with the people you see on a daily basis. For Barclays Global Investors, that's where bicycle riders grunting up its hometown...

Hot trading tips with hot dogs.(Short Interests)
September 5, 2005... Byline: Brooke Southall SAN FRANCISCO - A San Francisco-based company is trying to change the New York sentiment that lunch is for wimps. Didier Perennez, chief executive of Perennez Enterprises Inc., launched Lunchtimetrading.com in...

Janus' legal gain a bad omen for investors; Ruling may limit restitution by fund firms, experts say.(News)
September 5, 2005... Byline: David Hoffman NEW YORK - It may be the beginning of the end for numerous civil lawsuits relating to the market-timing scandals. A federal judge's recent decision to dismiss many of the market-timing claims against Janus Capital...

IRS explains rules on SEC disclosure of penalties.(Tax Watch)
September 5, 2005... Byline: Mark Battersby The Internal Revenue Service has issued guidelines for disclosing the payment of certain tax shelter disclosure penalties on filings with the Securities and Exchange Commission. The guidance is effective for any such...

Closing Quote.(Quotes)
September 5, 2005... "I recently talked one client `off the ledge' of making what I thought would have been a terrible mistake in purchasing a piece of property for vacation purposes.'' Dave Moran, senior vice president of Evensky & Katz Wealth Management, on...

Mutual fund companies face proxy pressure; Activists push states to require majority for election of director.(News)
September 5, 2005... Byline: Sara Hansard WASHINGTON - The first skirmishes in the 2006 proxy wars are underway, with mutual funds being dragged to the front lines now that their proxy votes are public. One of the hot governance issues for 2006 will be the...

Red Cross renews 9/11 funding to FPA.(Short Interests)
September 5, 2005... Byline: Charles Paikert NEW YORK - The Financial Planning Association of Denver will continue its 9/11 Financial Planning Relief Services program, thanks to renewed funding from the Washington-based American Red Cross. The organization...

Reverse mortgages grow as planning tool; They've seen a 39% increase in a year.(News)
September 5, 2005... Byline: Jeff Benjamin DETROIT - Financial advisers who haven't already boned up on reverse mortgages could find themselves behind the curve as this latest twist in retirement income for senior citizens continues to gain traction as a...

Options on ETFs are seen to gain popularity; Although a court ruling opens door to expansion, appeal is coming.(News)
September 12, 2005... Byline: David Hoffman NEW YORK - Options based on exchange traded funds soon will become more prevalent, and that will benefit some investors, according to industry experts. Less than 50% of ETFs have options, said Tim Meyer, ETF...

Firm is launching separates that invest just in ETFs; XTF will compete with broker-sold ETF wraps.(News)
September 12, 2005... Byline: David Hoffman NEW YORK - XTF Advisors LLC today will launch three separately managed accounts that invest exclusively in exchange traded funds. The new SMAs - which will come in three flavors: conservative, moderate and...

Advisers' No. 1 issue is insurers' financials; In recommending products, price is No. 2.(Special Report: Insurance Products in Financial Pl)
September 12, 2005... Byline: Gary S. Mogel NEW YORK - The No. 1 consideration by financial advisers in recommending specific insurance products to clients is the financial rating of the insurer, according to a recent survey of advisers. Fifty-three percent...

Paul on Fidelity: Yeah, yeah, yeah.(Short Interests)
September 12, 2005... Byline: Charles Paikert NEW YORK - Paul McCartney is the newest spokesperson for Fidelity Investments, the Boston-based financial services powerhouse. The former Beatle began promoting Fidelity and its financial products in a national...

Pershing platform adds tools from Blue Frog.(Product Watch)
September 12, 2005... Pershing LLC in Jersey City, N.J., a member of BNY Securities Group and a subsidiary of The Bank of New York Co. Inc., announced that its NetExchange Pro online brokerage platform will include software solutions developed by Blue Frog Solutions...

CFP Board moves worry educators; Program directors not confident about organization's future.(News)
September 12, 2005... Byline: Jeff Benjamin DETROIT - The Certified Financial Planner Board of Standards Inc. has found itself at odds with many of the nearly 200 educational institutions that prepare financial advisers and other professionals to take the CFP...

Advisers said to overlook middle-class minorities; Shortage of blacks, Hispanics in ranks may be a reason.(News)
September 12, 2005... Byline: Deborah Nason NEW YORK - Advisers are failing to tap the fast-growing and increasingly prosperous middle-class-minority market, due in part to a shortage of black and Hispanic advisers, experts say. While blacks represent about...

One on One With Clifford Jack of Jackson National Life Insurance Co.(One on One)
September 12, 2005... Byline: Gary S. Mogel Knowing what motivates the people who gravitate to the various insurance and annuity distribution channels is one of the keys to Clifford Jack's success. Some agents and advisers value training and guidance;...

Fall marketing blitz touting 529s as a steppingstone for advisers; Campaigns aim to alter small-ticket-item mind-set.(News)
September 12, 2005... Byline: Charles Paikert NEW YORK - Even though advisers already sell about three-fourths of the Section 529 college savings plans in that booming $55 billion market, financial services companies think advisers can sell even more. ...

Waterhouse ramps up fight on Merrill rule; Bradley vows to go to Congress if needed.(News)
September 12, 2005... Byline: Brooke Southall SAN FRANCISCO - Vowing to appeal to the Securities and Ex-change Commission, and even Congress if necessary, J. Thomas Bradley Jr. is stepping up his efforts to get the so-called Merrill Lynch rule revised. The...

In Eastern Europe, 'emerging markets' are mature.(Street Wise)
September 12, 2005... Byline: Jeff Benjamin When Vladmir Milev thinks of investment opportunities in Europe, he rarely considers such places as Germany, France, Italy and the United Kingdom. While they have the biggest economies in Europe, they're far too...

Credit Suisse rebuilds its high-yield team; Hires leaders from UBS, INVESCO and Blaylock.(News)
September 12, 2005... Byline: Mark Bruno NEW YORK - Five months after losing seven people from its high-yield fixed-income team to HSBC Halbis Partners, Credit Suisse Asset Management LLC has assembled a new group of portfolio managers and analysts to manage...

Mellon, nixing talk of a deal, looks within for asset growth; Analysts say it has bought time to build asset management business.(News)
September 12, 2005... Byline: Doug Appell BOSTON - Executives of Mellon Financial Corp. have rejected suggestions that they are under enormous pressure to do a Legg Mason/Citigroup-style deal, and analysts agree that action the firm already has taken this year...

10 business mistakes that planners often make.(Practice Management)
September 12, 2005... Byline: Joni Youngwirth Lessons can be learned from listening to planners discuss their issues, problems and concerns. In fact, many planners make the same mistakes others have made. Whether you can identify with all of these pitfalls or...

Advise your clients of a freebie: Credit reports.(Monday Morning)
September 12, 2005... Byline: Jim Pavia I was relaxing at home with my family last weekend when my financial adviser called me to go over some investment plans. While we were discussing my finances, he took the opportunity to remind me that starting this...

Pension annual reports could arrive sooner.(News)
September 12, 2005... Byline: Vineeta Anand WASHINGTON - Annual reports filed by pension plan sponsors might be available sooner, thanks to a proposal by the Department of Labor's Employee Benefits Security Administration which would require employers to file...

Disability insurers form trade group.(Short Interests)
September 12, 2005... Byline: Gary S. Mogel NEW YORK - Nearly every industry has its own trade group, and now, disability insurers are no different. Last month, a dozen of the biggest insurers in the country launched The Council of Disability Insurers. The...

HSBC unit latest target of market-timing crackdown; Canadian SRO fines firm 925G.(News)
September 12, 2005... Byline: David Clarke OTTAWA - Once again, market timing has reared its head. Last December, the Canadian response to the U.S. crackdown on the practice led to flurries of fines. The Investment Dealers Association of Canada penalized...

Private-equity buyouts gathering steam; Investment funds seek higher returns in lackluster market.(News)
September 12, 2005... Byline: Sally Duros CNS CHICAGO - Last year, Insurance Auto Auctions Inc., a salvage company, started looking for a buyer to take the then-public company private. Chicago-based William Blair & Co. LLC was on board. It wasn't an unusual...

More investors willing to back risky businesses; Leveraged loan activity reaches all-time high.(News)
September 12, 2005... Byline: Rebecca Jarvis CNS CHICAGO - Companies needing capital - those rated below investment grade by Moody's Investors Service or Standard & Poor's, both of New York - are having little difficulty raising cash lately, in part because of...

Plans urged to let buy-hold managers go short; A white paper questions constraints.(News)
September 12, 2005... Byline: Vince Calio NEW YORK - Pension plans need to take the short-constraint handcuffs off their money managers if they want better returns, according to a recent white paper issued by JPMorgan Asset Management of New York. ...

Hedge funds take their time in registering; Many seem to be in no hurry to meet a December deadline.(News)
September 12, 2005... Byline: Christine Williamson CHICAGO - Hedge fund managers are taking their time in registering with the Securities and Exchange Commission. With the practical registration deadline three months away, just more than half of the 50...

Of love, wedding bells and credit reports; More couples discuss money issues before getting married.(News)
September 12, 2005... Byline: Charles Paikert NEW YORK - Should they or shouldn't they? Couples considering whether or not to tie the knot have been in the news this summer, from Hollywood movie stars Angelina Jolie and Brad Pitt to Jennifer Wilbanks, the...

Chicago rules the middle-market M&A deals; Second City lenders grease the wheels of a booming niche.(News)
September 12, 2005... Byline: Kate Ryan CNS CHICAGO - When New York-based private-equity firm Charterhouse Group Inc. needed to fund an acquisition by one of its midsize portfolio companies, partner David Hoffman didn't call a New York investment bank. He...

LaSalle Street posts a 'help wanted' sign.(News)
September 12, 2005... Byline: Louise Daly CNS CHICAGO - After years of belt-tightening, Chicago's blue-chip investment banks are bulking back up. Driven by an uptick of activity in mergers and acquisitions, and the capital markets, investment banks are...

Traditional strategies: Some pros and cons.(News)
September 12, 2005... Byline: Cecily O'Connor SAN FRANCISCO - Money managers say the use of performance fees in more traditional mandates is growing, but not at a strong pace. More than 60% of investment managers and 30% of plan sponsors used performance...

Asset managers pressing Street on trading; Say firms need to eliminate conflicts of interest.(News)
September 12, 2005... Byline: Gregory Crawford NEW YORK - Wall Street brokerage firms are scrambling to remain relevant to asset managers. They are pulling block trading, access to capital and other services from their bag of tricks, trying to add value...

Will hedge funds run short of shorting chances? Researchers say there's lots of spare capacity.(News)
September 12, 2005... Byline: Christine Williamson CHICAGO - Despite hype to the contrary, new research finds that hedge fund managers should have at least 30 years of comfortable growth and plenty of spare capacity. Citigroup Alternative Investments in New...

Some friendly advice on getting that job.(News)
September 12, 2005... Byline: John P. Donovan It's official! Years 2001 through 2003 do not count. If during those years, you've been hired, downsized, hired again, then downsized once again - or involved in any similar set of hijinks involving your employment...

Marsh Mac won't sell Putnam, new CEO says.(Conference Call)
September 12, 2005... Byline: Gary S. Mogel NEW YORK - Calling Putnam Investments LLC a "great fit'' and "positive for shareholders,'' Michael Cherkasky, chief executive of Marsh & McLennan Cos. Inc., said that Marsh Mac would not sell its Boston-based...

NAIC vote on travel delayed; Wants to ban practice of denying coverage.(News)
September 12, 2005... Byline: Sara Hansard WASHINGTON - The likely passage of a resolution opposing denial of life insurance coverage on the basis of potential travel to countries on the State Department's warning list was delayed when state insurance...

Is the home part of a portfolio? Planners divided in wake of boom.(News)
September 12, 2005... Byline: Charles Paikert NEW YORK - As equity has built up in clients' homes in the wake of the real estate boom, financial planners are deeply divided on exactly how the home should fit into their clients' portfolios and how, or if, the...

Holders of realty funds could face double trouble; Bursting property bubble and phantom capital loom as problems.(News)
September 12, 2005... Byline: Ilana Polyak NEW YORK - If the prospective bursting of the real estate bubble weren't frightening enough, now a Morningstar Inc. analyst suggests that investors might have more to contend with than just falling prices. Those who...

Investors' asymmetrical view of performance is out of kilter.(Other Views)
September 12, 2005... Byline: William Berg The guru smiles, knowing he has an attention grabber for today's television show. He clutches a bundle of balloons. Printed on each is the name of a professor who recently warned of the imminent bursting of a real...

Schwab loosens its grip on proprietary software; Small tech firms bring system to more advisers.(News)
September 12, 2005... Byline: Brooke Southall SAN FRANCISCO - Three small technology companies have thrust Charles Schwab & Co. Inc. into the web-based back-office software business - whether it wants to be there or not. Adhesion Technologies Inc. of...

DC plan sponsors tolerate self-directed accounts; They rarely cancel underused brokerage option, experts say.(News)
September 12, 2005... Byline: Jenna Gottlieb NEW YORK - Executives of defined contribution plans are reluctant to pull the plug on self-directed brokerage accounts, even though they are underutilized and often ineffective. "It's within the power of the plan...

Investors drive the Wal-Marting of Wall Street; Upheaval linked to asset managers' clout, pocketbooks.(News)
September 12, 2005... Byline: Gregory Crawford NEW YORK - The NYSE is dead. Long live the NYSE. The same can be said for The Nasdaq Stock Market Inc., the American Stock Exchange and the Philadelphia Stock Exchange, the derivatives exchanges - such as the...

At the Bell; Hurricane victims given tax extension.(Late News)
September 12, 2005... Tax-filing deadlines for people in areas affected by Hurricane Katrina who have taxes due Sept. 15 have been extended until Jan. 3, 2006. An earlier extension had been made to Oct. 31. Treasury Secretary John Snow also said last Thursday...

Industry making strides in minority hiring, but ...(News)
September 12, 2005... Byline: Mark Bruno NEW YORK - A number of financial services companies are making significant progress in hiring minorities and putting diversity initiatives in place, said L.P. Green II, publisher and chief executive of Atlanta-based...

Pimco makes big push into large-cap-core equity; Execs trumpeting total-return strategy with additional risk.(News)
September 12, 2005... Byline: Cecily O'Connor NEWPORT BEACH, Calif. - Pacific Investment Management Co. LLC, the self-named "authority on bonds,'' is making a major push into the large-cap-core-equity market. As a key point, officials of Newport Beach,...

Index managers get revenue rush from alternatives; BGI, Mellon, SSgA seeing increases upward of 20%.(News)
September 12, 2005... Byline: Cecily O. Connor SAN FRANCISCO - Three traditional index managers are finding that a shift into more high-octane strategies is boosting their revenue. In some cases, the increase is more than 20%. Officials at Barclays Global...

Calendar.(Calendar/Datebook)
September 12, 2005... SEPTEMBER 14 - Portable Alpha, Financial Research Associates LLC. The New York Helmsley Hotel. (800)280-8440 or frallc.com. 14 - Second annual Public Policy Day, Financial Services Institute. Capital Hilton Hotel, Washington....

TIAA-CREF might close funds after losing vote on fee hike; State 529 plans' opposition comes as a surprise.(News)
September 12, 2005... Byline: Frederick P. Gabriel Jr. NEW YORK - Shareholders have given a big thumbs down to TIAA-CREF's plan to nearly quadruple fees on many of its actively managed institutional funds - a verdict that likely will lead to the closure or...

Industry should give SEC's Cox a break.(Editorial)
September 12, 2005... Christopher Cox, the new Securities and Exchange Commission chairman, will get plenty of advice. In fact, he'll be subject to intense political pressure and spin from all sides. Wall Street and other corporate interests are in a fighting...

N.C. is 48th state to approve 'transfer on death'; New law bypasses probate process for securities holdings.(News)
September 12, 2005... Byline: Sara Hansard WASHINGTON - North Carolina is the 48th state to pass legislation that allows residents to pass securities to heirs without going through probate. The legislation in North Carolina was approved last month and is...

Managers, DC-plan sponsors working to cut excessive trading; Highest frequency found in foreign equities.(News)
September 12, 2005... Byline: Jenna Gottlieb NEW YORK - A growing number of money managers are working with defined contribution plan sponsors to help enforce trading guidelines to limit excessive trading of mutual funds. The board of the $6.5 billion New...

Institutions moving to mid-cap strategies; Low capacity in small-caps is key factor in shift.(News)
September 12, 2005... Byline: Cecily O'Connor SAN FRANCISCO - Institutional investors gradually are turning to mid-cap strategies as a source of alpha, now that more small-cap offerings have been shuttered because of capacity constraints. About 15% of U.S....

Electronic trading expected to surge in Canada; System integration likely to encourage investment managers.(News)
September 12, 2005... Byline: Gregory Crawford NEW YORK - Electronic stock trading in Canada is expected to increase dramatically in the next year as money managers complete the integration of automated order management and messaging systems, according to a new...

Advisers: Study's conclusion not so special; It recommends focus on specialized products.(News)
September 12, 2005... Byline: David Hoffman NEW YORK - Financial advisers are questioning the conclusion of a yet-to-be-released study from Rydex Funds in Rockville, Md., which recommends that advisers steer clients toward specialized products. The study,...

Bond plan to offer hurricane relief.(Short Interests)
September 12, 2005... Byline: David Hoffman NEW YORK - The National Association of Bond Lawyers in Chicago sent a letter to the U.S. Department of the Treasury last week outlining plans it said would make it easier for municipalities affected by Hurricane...

Resignation is another gift for SEC's Cox.(Reverse Spin)
September 12, 2005... Byline: Charles Paikert Licking Their Chops Department: It may not quite be on the magnitude of President Bush's getting to fill two Supreme Court seats in one month, but it's close. New Securities and Exchange Commission Chairman...

Surprise! Planners are both well paid and happy; Study by college and FPA shows big jump in earnings.(News)
September 12, 2005... Byline: Jeff Benjamin DETROIT - The financial advisory business has never been stronger, according to the results of a new study that presents financial planners as being both well compensated and happy with their work. The study,...

People more likely to get LTC at work; But group sales have disappointed.(News)
September 12, 2005... Byline: Gary S. Mogel NEW YORK - People are much more likely to buy long-term-care insurance if it's offered as an employee group benefit through payroll deduction as opposed to being sold on an individual basis, according to consultants...