Schwab Performance Technologies said last Thursday that it has entered into an agreement to acquire Etelligent Consulting Inc., a registered investment advisory technology consulting firm.
While mutual funds continue to garner the lion's share of investment assets, their growth is trailing that of exchange traded assets and separately managed accounts.
Despite the credit crisis, the job market at large financial advisory firms is expected to be strong in 2008, according to a recent Claymore Partners LLC survey.
Elder-law attorneys are concerned that the new year will bring new rules in a number of states regarding how — and if — immediate annuities can work with Medicaid eligibility and planning.
Tudor Investment clients have pulled more than $1 billion from its Raptor hedge fund after it fell 8.5% this year.
The mind-set of clients presents a significant stumbling block to advisers who recommend annuities as a retirement-planning tool.
Brokers and other industry observers are steaming over a new study that shows that investors who buy load funds do far worse than the funds themselves.
The hedge fund run by RK Capital Management of London lost 22% in November as copper prices fell.
The wealth-management firm will launch an open-architecture platform with O.N. Investment Management Co.
