Although financial advisers think that succession planning is important, many also believe that they aren't getting enough help preparing for that transition, according to a new survey conducted by Mathew Greenwald & Associates Inc. for John Hancock Financial Network.
The Financial Industry Regulatory Authority Inc. will expand a pilot program that allows investors to choose arbitration panels without industry participants.
American Express Co. said Monday its president, Alfred F. Kelly Jr., will step down early next year.
Karen Ogard, a 26-year industry veteran, last week left Wells Fargo Advisors LLC, where she was in the brokerage's Greenwood Village, Colo., office, and joined Robert W. Baird & Co.
Barclays Global Investors has launched the iShares Charitable Giving Program, which offers clients access to donor-advised funds using pools of its exchange-traded funds.
Investment advisory firms would have to pay fees to cover the cost of SEC examinations under draft legislation released last week by a senior lawmaker.
Three more large investment firms have raised sufficient capital to participate in the joint partnership with the government to purchase toxic assets from banks.
Bank of America Corp. said Friday it created a six-member committee of directors to find a successor for CEO Ken Lewis.
A new survey suggests that independent investment advisers are becoming more optimistic about the economy.
