Morgan Stanley said it hired Adam Parker from Sanford C. Bernstein & Co. as U.S. equity strategist.
New York City job losses in the Great Recession were far fewer than economists' dire predictions, and Wall Street profits last year soared to record levels on the back of near-zero interest rates and federal bailouts.
Who are the largest RIAs? And which firms grew the most in the last quarter? This RIA rundown outlines the movers and shakers in the advisory industry.
The Dow Jones industrials climbed back above 10,000 Wednesday after Federal Reserve Chairman Ben Bernanke said debt problems in Europe might only amount to a "modest" drag on the U.S. economy.
Declining share volume and strategies by fund managers to hold down the cost of buying and selling stock may lower Wall Street trading commissions in 2010, defying forecasts for an increase, Greenwich Associates said.
It takes about four months and about $50,000 to get a fund to market
Earlier this week, Massachusetts Secretary of the Commonwealth William Galvin sent subpoenas to six firms, requesting info on high-risk offerings. Execs at several of the firms still aren't exactly sure why they were contacted
The Medallion Group of five independent investment advisory firms has joined the Fusion Advisor Network's partnership with NFP Securities Inc.
As competition intensifies to capture the 401(k) and other retirement plan business of small and midsize companies, wirehouses increasingly are allowing representatives who specialize in the niche to act as fiduciaries.
Says Bronx Bomber's co-owner owes Uncle Sam $670K; dispute stems from audit of MLB team's books
A former executive at Raymond James & Associates Inc. sued the company for $6 million, claiming he was fired after falling asleep as a result of chemotherapy.
Few things are as certain in estate planning as this: Celebrity deaths are sure to generate plenty of business for lawyers.
Providing extra services to clients since the recession seems to be taking its toll on roughly half of advisers.
From March 31, 2009, through March 31 of this year, the number of advisers at regional broker-dealers jumped 2%, from 39,791 to 40,738.
Mr. Vaill, who joined Boston Private in 1993, oversaw an acquisition-triggered expansion into the wealth management, asset management and private-banking sectors through much of his tenure
When comparing investment options, advisers need to look beyond traditional benchmarks such as alpha and fund manager tenure
In one of my recent OpINion Online columns, I compared wirehouse management to communist regimes before the fall of the Berlin Wall
Mutual fund companies are reporting a brisk business in Roth IRA conversions as a result of a change in the tax law, but there is one segment of the public that is decidedly cool to the idea, even though their financial advisers are urging them to take the plunge.
Barclays Wealth has hired Don Milich and Clifford Wang as investment representatives, based in Atlanta, as part of its effort to continue growing its wealth management operations in the U.S.
