The largest B-D network will fold American General Securities of Houston into AIG Financial Advisors of Phoenix.
Some brokerage firms are miffed about higher registration fees that Florida implemented this month, and blame the Securities Industry and Financial Markets Association for not doing enough to stop the increases.
Registered investment advisers are the fastest-growing distribution channel for mutual-fund-based small-business 401(k)s. Starting from a small base, they are adding assets at the rate of about 14% a year, according to Boston-based Financial Research Corp.
In a case that married dry-as-dust estate-planning issues with “Dallas”-like squabbling among wealthy family members, a Texas court has decided that King Ranch heir B.K. Johnson had all his faculties when he drew up his last will and that his widow and third wife didn’t manipulate him into excluding his children.
A proposal to provide tougher qualification standards for investing in hedge funds and other alternative investments has proved to be so controversial that the Securities and Exchange Commission may have to alter the plan or scrap it altogether.
SAN FRANCISCO — A small company is betting that it can turn defined benefit plans into a mainstream product for financial advisers to sell.
CHICAGO — Financial advisers are crafting new strategies to convince clients to complete their wills and estate plans.
IRVINE, Calif. — An SEC proposal to change how broker-dealers can invest customer reserve funds has come under attack from a variety of industry interests.
Advisers can now produce on-the-fly internal rate of return and daily time weighted return rates of return for their clients.
Mutual funds will now be subject to a new rule that prohibits fraud in hedge funds and other private investment pools.
Two-thirds of defined benefit pension sponsors have either closed their plans to new hires or have frozen such pensions for all participants in the last two years.
Morgan Stanley has bought Daewoo Engineering & Construction Co.'s Seoul headquarters for $1.04 billion, published reports said.
Ben Edwards III, a former chief executive of A.G. Edwards Inc., is not happy about his family firm’s merger with Wachovia Corp.
Now that the Senate has disposed of the immigration reform bill, perhaps it and the House of Representatives can turn their attention to a matter at least as serious: reform or repeal of the alternative minimum tax — preferably repeal.
Exchange-traded notes are the newest wrinkle from Barclays, the main sponsor of exchange-traded funds.
As the number of regional brokerage firms dwindles, executives at those that remain insist they’re better off staying independent.
On the heels of the federal appeals court decision rejecting fee-based brokerage accounts, brokers are facing yet another challenge from consumer advocates who are questioning whether 12(b)-1 fees are being used illegally.
A long-running trademark battle is threatening to derail the expansion of the CFA Institute in what has become one of the fastest-growing markets for financial planning professionals.
