Whether out of necessity or a sense of opportunity, financial advisers are gearing up to attract clients in the midst of one of the worst bear markets on record.
The steady migration of independent brokers to a fee-based model has created a large universe of advisers whose revenue is a mix of fees and commissions.
As clients continue to question the merits of traditional investment approaches, Philipp Hensler, chairman and chief executive of DWS Investments Distributors Inc., is prepping his firm to arm financial advisers with a new way of thinking.
Credit Suisse Securities has been ordered by an arbitration panel to cash out an institutional client that held $400 million in collateralized debt obligations.
The House this afternoon approved by a vote of 246-183 a $787 billion stimulus bill in the hope that it will help the United States out of the economic crisis.
The outlook for a quick rebound in the European economy is weak.
The Hartford (Conn.) Financial Services Group Inc. yesterday said that would no longer be able to participate in a federal commercial paper program.
RolloverSystems has made WealthConnect, an education and financial planning tool, available to clients.
The current market turbulence combined with some spectacular scandals has not yet jarred institutional investors from their investment strategies.
Clients funneled $12.1 billion of new assets to Charles Schwab in January, up 32% from December, but trading activity from its retail and advisory channels fell..
