Latest News

CEO Mark Casady apologizes to LPL Financial shareholders for compliance missteps

Oct 30, 2014

Mark Casady apologizes to LPL Financial shareholders for compliance missteps as company takes hit to third-quarter profits. (See also: LPL's regulatory hit list)

Stock index futures fall on rate concerns as Fed ends QE

Oct 30, 2014

Economy on stable track but investors will watch economic reports on growth, unemployment, consumption.

Pershing “actively” considers launching commission-free ETF platform

Oct 29, 2014

Custodian considering jumping on bandwagon popular with RIAs as other platforms grow big.

Nicholas Schorsch downplays ARCP's $23M accounting debacle

Oct 29, 2014

Execs replaced over what firm calls intentional errors; REIT king says problems will not affect other related firms. (Plus: Untangling Schorsch's vast web)

Raymond James, Ameriprise deliver higher profits, helped by adviser growth, wealth management

Oct 29, 2014

Raymond James and Ameriprise reported double-digit profit gains, with Raymond James posting record quarterly net income. Here's how they did it.

Federal Reserve to end bond buying but keep interest rates low

Oct 29, 2014

Policy makers say labor market has improved while inflation likely to remain subdued over the near term.

Americans feeling squeezed in saving for retirement

Oct 29, 2014

BlackRock poll show most find it hard to pay bills and put money aside for retirement; Social Security considered key source of income.

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Robo-advisers say they aren't worried about Schwab

Oct 29, 2014

Robo-advisers say they aren't worried about Schwab's new entrant but one market analyst isn't so sure the young industry can hold up against the giant household name.

Mariner Holdings on hiring spree

Oct 29, 2014

Parent of RIA Mariner Wealth Advisors wants to hire up to 160 employees over the next six months.

Liquid alts get warning from SEC's Norm Champ

Oct 29, 2014

SEC official tells alternative mutual funds to define principal strategies for investors.

What Derek Jeter can teach investors about the economy and markets

Oct 29, 2014

Was the now-retired Yankee shortstop one of the greats or overrated? It depends on who's telling the story.

Schorsch's American Realty Capital discloses serious accounting errors; CFO out

Oct 29, 2014

The chief financial officer and chief accounting officer of the Nicholas Schorsch-controlled real estate giant are out after company uncovers $23M in accounting errors in recent financial statements that it says were intentionally not fixed.

BlackRock, Loomis Sayles replace Pimco at $6B Prudential fund

Oct 29, 2014

Move comes on heels of record withdrawals from Pimco Total Return after Gross exit

Hartford Financial Services offers to pay employees to give up their pensions

Oct 28, 2014

Insurer offers voluntary lump-sum payments to about 13,500 workers who have left the company and haven't yet started receiving pension payments.

Savings targets for retirement health care costs fall in 2014

Oct 28, 2014

But retirees will still need to prepare for rising health care costs in the long run, expert warns.

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