Focus and strategic ability are important skills for a financial industry leader, and Keith Hartstein, president and chief executive of the $54 billion John Hancock Funds of Boston, has found a unique way of honing these talents — by fencing.
Last week: We created a “platinum” service level for your top clients and now it is time to plan for your lower-tiered clients.
The repurchase of some $35 billion in ARS is not expected to have a material financial impact, banks say.
There are many shades of green — and there are many varieties of green funds.
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.
Funds of hedge funds, after enjoying steady growth since the beginning of the decade, are now seen by some in the industry as victims of their own success.
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.
Although brokers have welcomed the billions in auction rate securities buybacks announced by the big Wall Street firms in the past two weeks, they are still angry that it took six months for their companies to begin dealing with the fiasco.
New York Attorney General Andrew Cuomo’s probe into the industry's selling of auction rate securities has widened.
