UBS Wealth Management Americas said it will offer clients in its separately managed account program asset allocation ideas from Richard Bernstein Capital Management LLC, a registered investment adviser, whose eponymous founder was formerly Merrill Lynch & Co. Inc.'s chief investment strategist.
The St. James strategy, which has generated a 10% average annualized return since its 1999 inception, is built on identifying the fair value of less than two dozen stocks.
Bank of America Corp. and Wells Fargo are pushing their customers to buy more brokerage, savings and banking services from them as the weak economy and new regulations make it harder to earn money from loans and investment banking.
Bank of America Corp. is re-branding its online-discount-brokerage platform under the Merrill Lynch imprint in an attempt to attract young investors, and reclaim assets of Merrill clients who keep self-directed brokerage accounts at rivals such as Charles Schwab & Co. Inc. and TD Ameritrade Holding Corp.
Although retention bonuses and deferred-payment recruiting packages have locked many top-producing brokers in place at wirehouses, a substantial number are still looking to break free.
Pres. Obama's signature on the financial reform bill is barely dry. But Democrats and Republicans are already hustling to shape voters' opinions on the Dodd-Frank bill.
Federal Reserve officials predicted the expansion will be too slow to return to full employment in the next two years while also saying further measures to boost the economy probably won't be needed in the short term.
American Insurance Group Inc. and some of its directors and officers have agreed to a $725 million settlement to resolve allegations of wide-ranging fraud laid out in a class action suit led by three Ohio pension funds.
JPMorgan Chase & Co. said Thursday its second-quarter net income soared 77 percent to $4.8 billion as a slowdown in losses from failed loans helped offset a difficult spring in trading and investment banking.
JPMorgan Chase & Co., the second- biggest U.S. bank by assets, plans to sell 10-year global notes as soon as today after reporting profit rose 76 percent, more than analysts estimated.
Rules by themselves are never an answer.
Despite lack of disclosure by BP about the volume of oil spilling from its well in the Gulf of Mexico, the company's agreement to create a $20 billion fund to pay claims may help BP in defending against any securities-related disclosure claims, according to securities lawyers.
Custody may not be a particularly glamorous business. But Heidi Miller's successful stint at JPMorgan's securities services unit has cleared a path to the top for the Jamie Daimon loyalist.
UBS AG's Luxembourg unit is being probed by prosecutors over allegations of forgery when it oversaw two funds linked to Bernard Madoff.
Joseph B. “Joby” Gruber, the former CEO of AIG broker-dealer FSC Securities Corp. who was forced to resign after Finra accused him of allowing an underling to take continuing-education exams in his name, is back in the independent broker-dealer business.
Investors are taking advantage of a loophole that lets them use their pension money to invest in new businesses -- tax free. But snares await
American International Group Inc.'s financial position remains relatively stable, according to a report released last week by the Government Accountability Office.
The landmark health-care bill passed by the House on Sunday appears to be a shot in the arm for health-care stocks
Fabeetle.com, a website that allows clients to rate, review and research financial advisers, has the potential to become a third-party search and marketing hub for both consumers and advisers that one day could compete with Finra's BrokerCheck.
Former brokers with disciplinary records are going to find it harder to cover their tracks if the Financial Industry Regulatory Authority has its way. Today, the brokerage industry's self policing body proposed further expansion of broker information available through its free BrokerCheck service.
