The AIG Advisor Group has seen a massive defection from one of its broker-dealers, involving a network of reps that produced more than $41 million in gross revenue last year.
For some portfolio managers, the upside of all the recent market turmoil is that almost everything suddenly looks cheap.
As many look to diversify portfolios into frontier markets, some advisers might consider recommending Peru, which offers an economy with peaks and valleys reminiscent of the country's Andes Mountains.
Pimco wants to be more than just a fund manager, and plans to expand that message to the retail marketplace.
The dramatic drop in stock holdings has advisers working closely to help investors determine whether to claim tax losses.
More than half of large companies are using automatic enrollment in their retirement plans, and overall, more employers have begun pulling the trigger on automatic enrollment, a new study shows.
Wells Fargo & Co.'s anticipated acquisition of Wachovia Corp. will create a new mutual fund behemoth.
The unfolding global economic crisis, vividly illustrated by the recent record-level stock market volatility, is sparking new debate over the value of gold as part of an investment portfolio.
Amid the failures and mergers on Wall Street, there is at least one silver lining for independent broker dealers and smaller asset managers.
Brokers and industry observers worry that the Department of the Treasury's capital purchase program to inject $250 billion into the financial services industry could mark a new era of government control and mistrust of the industry.
