Mutual funds' ties to so-called expert networks that have been probed as part of an insider trading investigation may undermine efforts by the industry to stem three years of client withdrawals from stock funds.
PFM Group, owner of the largest investment adviser in the U.S. municipal bond market, bought a smaller competitor co-owned by Lois Scott, Chicago Mayor Rahm Emanuel's new chief financial officer.
Federal Deposit Insurance Corp. Chairman Sheila Bair considers money market mutual funds “destabilizing” to the financial system and thinks investors would be served just as well if share prices floated
Small-town resident has raked in $21M in four separate jackpots. Mathematicians put the odds of this happening at 18,000,000,000,000,000,000,000,000 to 1. That's a lot of zeros.
The average 401(k) retirement plan balance has reached the highest level since Fidelity Investments began tracking account values in 1998
A new survey reveals that four out of ten affluent investors prefer to manage their own money. Nevertheless, the web is still not seen as a threat to advisers. Why?
President lambasts Republican resistance to raising rates on the wealthy
Recruiters say laid off trainees and low producers won't have trouble lining up work
Clients in less-populated areas will be left to get their advise from talking heads
Bank of America Corp. is running out of time to fulfill a promise to raise more capital by year-end and may be forced to make up the shortfall by paying some bonuses in stock rather than cash.
