Online investors who make most financial decisions without the help of an adviser are more active traders and take bigger risks than those who seek guidance, a new study found.
As stocks of the large financial services firms get hammered, more brokers could be tempted to leave.
A new website is creating a Facebook-type social networking site to help investors check up on their financial advisers.
A number of top independent-contractor broker-dealers have recently reached a variety of records and milestones, from best-ever revenue to increasing revenue from fees rather than commissions.
Timothy Sykes, the boy wonder investor, who turned $12,415 in bar mitzvah money into $1.65 million by trading stocks, started and folded his own hedge fund. Then he wrote a book about his experiences. Now he is embarking on a new venture.
Although Fidelity Investments and Janus Capital Group Inc. recently designated multiple managers for specific portfolios, neither firm is abandoning their individual-portfolio-manager system.
Because Congress was slow to take up legislation to protect taxpayers with moderate income from having to pay the alternative minimum tax, it is likely that the Internal Revenue Service will have to delay processing 50 million taxpayers, the acting chief of the agency told the nation's accountant association last week.
Young companies with green technologies are cleaning up when it comes to venture capital dollars.
As more products that aim to deliver regular payouts in retirement hit the market, many advisers are taking a wait-and-see approach before recommending them to their clients.
It used to be that when Bill Miller, the vaunted value manager at Legg Mason Inc. of Baltimore, gave his view of the market, it would be hard to find folks who would disagree with him.
