The escalating battle between A.G. Edwards & Sons Inc. and Stifel Financial Corp. is now in the courts.
With the cost of credit rising, companies struggling to raise cash in either the debt or equity markets have been increasingly looking for alternative financing through private investments in public equity, also known as PIPEs, turbocharging an already booming market.
Despite a downturn in private-equity returns, two new exchange traded funds providing investors access to that space may soon be launched. The proposed ETFs — one from PowerShares Capital Management LLC of Wheaton, Ill., and the other from Barclays Global Investors of San Francisco — would join what is the only private-equity ETF in existence: the PowerShares Listed Private Equity Fund.
Variable annuities, once the misunderstood child of the financial planning industry, are finding a new place in advisers’ hearts now that distributors are guiding them through the products’ complexities.
Securities and Exchange Commission officials are drafting a document that defines suitability as it relates to the sale of securities. “The document is an extensive and comprehensive view of securities and case law in this area,” including some useful examples, Erik Sirri, director of market regulation, said at the SEC’s second annual Seniors Summit.
A generation gap between younger and older financial advisers is widening around the issue of career growth for those who are newer to the profession, observers say.
Given the voracious appetite of broker-dealers, there simply aren’t enough big-producing brokers available for recruitment, according to a new industry report.
Investors and financial advisers should take the Federal Reserve Board’s monetary policy into account when making portfolio allocation decisions, according to a new academic study.
With the help of financial advisers, baby boomers are putting more money into donor-advised funds.
High-flying hedgies like to show off their good taste — and extreme wealth — by investing in art.
