Bloomberg

Company wants to be a high-net-worth 'pure-play', reports a 90% drop in fourth-quarter income.

As demand for advisers increases, firms need to project recruitment strategies out to 2012, said Rebecca Pomering of Moss Adams.

A survey finding that arbitration customers do not believe the process is fair was “inconsistent,” FINRA said.

Net income for the quarter was down 1% at $96,655 from the $105,946 reported in the year-ago period.

The Hennessee Hedge Fund Index declined 2.8% in January after finishing 2007 up 11.64%.

Regulators flooded Rep. Paul E. Kanjorski, D-Pa., with their and assessments of the ongoing municipal bond insurer debacle.

Prudential's fourth-quarter net income fell to $792 million, or $1.75 per share, from $893 million.

John Hancock Financial's team will act as a resource for financial planners and advisers on tax and estate planning issues.

Confidence among investors with more than $500,000 in investible assets tumbled to an all-time low in January.

The two firms are paying out almost $850,000 to settle cases involving clients burned by Gregory Horton.