At a time when major investment banks are failing, the independent-advisory business is flourishing, according to a recent research report.
The crisis that has swept the financial markets in the past few months, beginning with the collapse of The Bear Stearns Cos. Inc. of New York and continuing with the bailout of Fannie Mae and Freddie Mac, and now the government takeover of American International Group Inc. of New York, makes obvious the need to revamp totally the nation's financial-markets regulation.
U.S. markets are poised to open sharply higher this morning after top government officials from the administration and Congress announced a several actions last night intended fight the mounting financial crisis, according to published reports.
Legislation that would set up the Office of Insurance Information within the Department of the Treasury has stalled in the House.
“There will be massive defections of clients and advisers,” said Liz Nesvold, managing partner of Silver Lane Advisors LLC of New York. “The wirehouse model, which was damaged, is now broken.”
Following this weekend’s turmoil on Wall Street, financial-sector job cuts may hit new heights, according to a report from Challenger Gray & Christmas Inc. of Chicago.
Debit card loan programs recently have been the focus of criticism in Washington.
While financial advisers provide far from the most popular content on YouTube, they are there.
The immediate reaction to last week's federal takeover of Fannie Mae and Freddie Mac was overwhelmingly positive.
LPL Financial has agreed to pay a $275,000 penalty for violating customers' privacy, the Securities and Exchange Commission said Thursday.
The chief executive of a subprime lender who lost a $65 million lawsuit against Merrill Lynch & Co. Inc. is demanding another bite at the apple.
If employees knew how much cashing out their plan when getting laid off or changing jobs could affect their future, maybe they would leave the plans untouched.
Lehman Brothers is verging on collapse, even as Bank of America has reportedly bought Merrill Lynch for $44 billion; AIG hammering out its own rescue strategy.
The Securities and Exchange Commission would have explicit power to bar people associated with investment advisory firms for violating securities law under legislation unanimously approved yesterday by the House of Representatives.
Handful of firms peddled equity swaps, stock loans to clients; 'IRS pussyfooted on this.'
Efficient Market Advisors LLC of Del Mar, Calif., announced today the launch of the first 403(b) retirement program offering professionally managed portfolios of exchange traded funds.
The London Stock Exchange PLC halted trading for three and a half hours on Thursday because of a technical glitch that prevented some customers from connecting to its systems.
Participants in 403(b) plans tend to be more conservative and set aside less money than those in 401(k) plans, according to a new study.
Our consumer-driven society has long since sped through the intersection where discretionary spending meets available income.
