Registered investment advisers who are frustrated with getting a blank stare when they tell potential clients that they are independent and not a broker-dealer, are being asked to unite around a new branding campaign called OneVoiceRIA.
LPL Financial plans a spirited defense against claims that it was negligent in its supervision of a rogue broker who allegedly stole $5 million from at least 40 victims, many from his church in Phoenix.
Wells Fargo & Co. has made its first foray into socially conscious investing.
Amid the failures and mergers on Wall Street, there is at least one silver lining for independent broker-dealers and smaller asset managers.
The government rescue plan inevitably will produce many villains.
Recent market volatility is forcing mutual fund managers to pay more attention to how much risk they are taking in their portfolios and to focus more on balance sheets.
Great Britain’s second largest life insurer, Prudential PLC, is considering buying some of American International Group Inc.’s business units.
The price of an ounce of gold for December delivery increased more than 2% in Friday trading, following a decrease of more than $190 .
AIG has borrowed $90.3 billion from the federal government, surpassing its original $85 billion rescue loan.
Home sales increased 5.5% last month from August and 1.4% from a year earlier to a seasonally adjusted rate of 5.18 million units, according to the NAR.
