Scott Barkow, an adviser with Raymond James & Associates Inc. of St. Petersburg, Fla., isn't happy about the challenging economy and how it could hurt new business.
After losing costly battles with three former brokers last month, Banc of America Investment Services Inc. is now on the hook for $1.63 million.
Auction rate securities cases have spawned a new arbitration procedure that relies on a single public arbitrator to hear cases brought by investors who allege "consequential damage" claims from ARS.
Whether done voluntarily, as in the case of Merrill Lynch, or as the result of settlements with regulators, as with Citigroup, JPMorgan Chase, Morgan Stanley, UBS and Wachovia, the buy-backs of failed auction rate securities that giant Wall Street firms have agreed to undertake are significant.
Financial Computer Support Inc. makes the dbCAMS portfolio management software used by thousands of advisers.
The amount of money that employees paid in to their defined contribution plans in the first half of 2008 increased.
Many are cutting back on medical care to cope with rising costs and a worsening economy, according to NAIC.
Banc of America Investment Services allegedly sullied brokers' reputations, damaged potential relationships with clients.
Employers are getting more proactive about offering incentives to make it easier for employees to use a 401(k) plan, according to a study from Deloitte Consulting LLP.
Providing financial advice is similar to providing medical advice in that there is inherent uncertainty about whether recommended actions will achieve the desired results.
Advisers have a fiduciary responsibility to educate their clients that generating enough cash to fund lifetime goals and objectives adequately is the key to financial success
Professional-grade financial services applications may soon be coming to the iPhone.
The best part of the housing bill signed by President Bush on July 30 was the section that establishes new regulations for mortgage loan originators.
Securities America Inc. has made a splash in the roiling mergers and acquisitions market for independent broker-dealers, and it could make more waves soon.
In an arbitration case allegedly involving stolen stock, Wachovia Securities was ordered to pay clients $5.3 million in damages.
Dictation software frees advisers from the mouse. The MMI and Peridrome predict savings to the managed accounts industry.
In response to the credit crisis, a group of financial industry executives unveiled a plan today to improve risk management.
Prudential Financial yesterday agreed to settle allegations from the SEC that it used reinsurance contracts to overstate its income by more than $200 million.
Samuel Israel III, founder of Bayou Group LLC, pled guilty to charges related to his attempts to jump bail and flee.
