The uncertain direction of the economy and the markets remains the “key challenge” for investors, according to Ron Albahary, who was named chief investment officer for Convergent Wealth Advisors on Monday.
A study by university researchers suggests the adage about horses not drinking even if you lead them to water is also true of mutual fund investors.
Officials for Penson Financial Services Inc. said that <a href= http://www.youtube.com/watch?v=pKQdQ0T9IkE&feature=player_embedded> a video circulating on the Internet </a> of one of its traders engaging in an apparent naked short sale is a fraud that unfairly accuses the firm of violating Securities and Exchange Commission regulations.
Beacon Pointe Advisors of Newport Beach, Calif., a wealth management firm with $4 billion in assets that caters to high-net-worth individuals, is looking to bolster its business with wirehouse castoffs.
The number of mutual fund firms sending out summary prospectuses is trending upward, as providers gear up for a new rule that will require more disclosures next year, according to data released today by NewRiver Inc.
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.
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.
Remember a year ago? Worst case scenarios DO happen.
Bank of America Corp. said Friday it created a six-member committee of directors to find a successor for CEO Ken Lewis.
American Express Co. said Monday its president, Alfred F. Kelly Jr., will step down early next year.
