Latest News

Merrill Lynch loses two advisers with combined $2.1 billion in California

Nov 20, 2014

One goes to Stifel, the other to UBS. Both had ties to Merrill's elite private banking and investment group that serves ultra-wealthy clients.

Soros' Quantum puts $500 million with Gross at Janus

Nov 20, 2014

Bond manager announces the news on Twitter

This ETF acts like a bond and will give $800 million back to investors

Nov 20, 2014

'Swallowing hard' and sending checks to clients, Guggenheim sticks with strategy for advisers.

SEC's Daniel Gallagher questions need to revise accredited-investor standard

Nov 20, 2014

Commissioner says that the private market is working just fine and that the effort to revise the accredited-investor standard is a waste of time.

Retirement plan sponsors want more from advisers

Nov 20, 2014

A desire for greater expertise was cited as the primary reason for switching advice providers, says Fidelity survey

IRS losing the battle over mega-IRAs as company founders fill retirement accounts with nonpublic stock

Nov 20, 2014

Outgoing Senate Finance Committee chair urges IRS, Treasury to step up.

Commodity Futures Trading Commission teams up with SEC and Finra to combat investor fraud

Nov 19, 2014

Federal financial regulators collaborate on consumer website linking resources on advisers and investment products.

Global economic worries send stocks lower; focus turns to U.S. data

Nov 20, 2014

Salesforce, Keurig knocked lower by weak forecasts; secondary offering sinks GoPro.

Ex-Schwab broker barred for alleged theft of $1 million in office supplies

Nov 19, 2014

Former rep purchased office equipment through the firm's order system without authorization, then sold them to individuals, Finra alleged.

Investor appetite for China A-shares sends ETF assets toward record

Nov 19, 2014

X-trackers Harvest, Market Vectors ChinaAMC exchange-traded funds get surge of cash as stock pipeline opens.

Morgan Stanley courts athletes, entertainers with new wealth unit

Nov 19, 2014

Brokers take a three-day training program on how to cater to those clients.

Investors hit pause button awaiting Fed minutes

Nov 19, 2014

With massive bond buying program over, investors seek hints of rate hike plan.

Early detection of Alzheimer's would allow for better financial planning

Nov 18, 2014

Soon, a blood test may let patients know they have Alzheimer's 10 years earlier than it can be diagnosed today. Advisers say that is a lot of extra years to allow clients to save and make important legal and health care decisions.

SEC keeps fiduciary promises vague for 2015

Nov 18, 2014

Agency's annual report reveals higher percentage of adviser exams, and priorities for next year.

Wells Fargo settles bonus squabble for $7.4M

Nov 18, 2014

Wirehouse settles class action claim the firm wrongly withheld incentive compensation from two former advisers who changed firms.

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