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Start-today strategies for a better financial tomorrow. The Complete Idiot’s Guide‚ to Personal Finance in Your 20s and 30s, Third Edition, clearly explains everything members of this age group need to know to get a handle on their pocketbook and their portfolio, from planning their personal finances to enhancing their current financial plan to getting [...]
E-mail is a powerful marketing communications tool which excels at developing relationships with existing customers and acquiring new customers. This second edition builds on the authors successful formula, describing a practical approach to e-mail marketing for all marketers looking to exploit its potential or take their e-mail to the next level. Total e-Mail Marketing 2e [...]
The Reserve Management Co. of New York has announced that the liquidation of the Reserve U.S. Treasury Fund (RUTXX) and distribution concluded May 29. Some $54 million in assets were distributed, according to a spokesman. All redemptions in the fund were suspended May 27 in preparation for the final distribution of assets. The Reserve began [...]
Long-term bond yields climbed sharply on today as improving sentiment on the economy sapped demand for government debt. Several positive reports on the U.S. economy, higher oil prices and a resurging stock market helped send Treasury prices back down again, resuming a sell-off that began late last month. Demand for Treasurys had already been waning [...]
John Hancock Financial Services today released a variable annuity called the John Hancock AnnuityNote. The product is a simplified A-share variable annuity with just one underlying diversified portfolio: a lifetime income benefit and a total annual fee of 1.74%, the Boston-based firm said in a statement. Of the fee, 1.20% covers the cost of the [...]
The Vanguard Group Inc. has made a $5 billion bid to purchase the iShares exchange traded fund business from Barclays PLC of London, the Sunday Telegraph of London reported on Saturday, citing unidentified sources. William Blair & Co LLC of Chicago is advising Malvern, Pa.-based Vanguard on its bid, the newspaper reported. “Those rumors have [...]
The new entity, Morgan Stanley Smith Barney was supposed to launch in the third quarter Morgan Stanley and Citigroup Inc. said today they closed early on the launch of their joint venture that combines Morgan Stanley’s wealth management unit with Citi’s Smith Barney brokerage division. The new venture, called Morgan Stanley Smith Barney, was supposed [...]
Seven years after being spun off by Citigroup Inc., Travelers Cos. is supplanting its former parent as a member of the Dow Jones industrial average. Travelers’ selection helps maintain the representation of financial companies in the Dow. The property and casualty insurer has suffered less than many other financial firms during the credit crisis and [...]
Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co., has been sitting on a letter that he wrote to Treasury Secretary Timothy Geithner seven months ago after his bank accepted $25 billion in federal bailout funds. The banker, who spoke at a hospitality conference at the Waldorf Astoria Hotel today, said the letter [...]
Situation: Your client is considering either a surrender or sale of a life insurance policy and asks about the income tax consequences. Solution: Life settlements have become increasingly popular in the past few years. Until now, there was no official Internal Revenue Service guidance about the tax treatment of these sales. However, even though the [...]