Allianz Life Insurance Company of North America, already a major player in the indexed-annuity arena, is looking to grab a bigger share of the indexed-life-insurance market.
Kenneth I. Starr sentenced to more than seven years in jail for fraud; clients included Sylvester Stallone, Wesley Snipes
Kenneth I. Starr, the money manager who pleaded guilty to fraud in September, should stay in jail until he's sentenced because of a series of e-mails in which he expressed “extraordinary contempt” for his brothers, who would guarantee his bail, U.S. prosecutors argued.
The U.S. Securities and Exchange Commission sued an attorney for Kenneth Starr, claiming he helped the former New York money manager steal more than $25 million from investors.
Kenneth Starr, the investment adviser accused in a criminal indictment of stealing at least $59 million from clients, was sued by City National Bank, according to state court records in New York.
Clients say adviser Roberto Heckscher was a modest guy. His small practice was located over a flower shop in a quiet neighborhood. He drove a Saturn. What outsiders didn't know: Heckscher led a secret life as a casino high roller -- a double life he financed by scamming clients for decades.
Kenneth Ira Starr, the New York investment adviser who represented actors Sylvester Stallone and Wesley Snipes, was indicted for stealing at least $59 million from clients, almost double the amount previously thought. <b><a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Avis=CI&Dato=20100527&Kategori=FREE&Lopenr=527009999&Ref=PH>Starr studded: Adviser's celebrity client list</a></b>
The publicity surrounding Kenneth Starr's arrest constitutes another black eye for the financial advice business. A look at the details of the case reveals something many advisers already know: custody matters<br><a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Avis=CI&Dato=20100527&Kategori=FREE&Lopenr=527009999&Ref=PH><b>Gallery</b>: Kenneth Starr's A-list roster of clients</a>
Kenneth Ira Starr, whose advisory firm manages $700 million -- including the assets of scores of celebrities -- was charged by the U.S. with defrauding clients.<br><a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Avis=CI&Dato=20100527&Kategori=FREE&Lopenr=527009999&Ref=PH&nocache=1&Params=Itemnr=1><b>A-List:</b> A look at Kenneth Starr's famous clients</a>
They're not “outright bearish,” but strategists at UBS AG's Wealth Management Americas unit are recommending a more cautious allocation of client assets
Despite all the hoopla about breakaway brokers, most of the wirehouse representatives going to independent broker-dealers are relatively low producers who fit the B-Ds' packaged-product and fee-based model.
Big brokerage firms appear to have taken a break from their costly musical-chairs game of broker recruitment, according to executives and headhunters.
Mr. Deutsch won't assume Mr. Vaill's position as chairman, which will be handed to a non-executive member of the company's board on July 31.
Sallie Krawcheck, president of Bank of America Corp.'s global wealth division, told the company's brokers that she has no plans to leave and that there have been “zero discussions” about changing pay for Merrill Lynch financial advisers.
Several Morgan Stanley Smith Barney's top managers in New York have recently jumped to Bank of America Merrill Lynch.
For decades, "The Oaks" was the oceanside playground of the Barrons and the Bancrofts, heirs to the Dow Jones and Wall Street Journal fortunes. Today, the 20,000-square-foot mansion with 45 rooms and surrounding properties went on sale for $55 million.
The U.S. brokerage industry's top regulator, responding to yesterday's market plunge, said Wall Street needs to be more vigilant in halting stock bids during periods of cascading share prices
A monthly commentary written by Bill Gross, managing director and co-chief investment officer at Pacific Investment Management Co. LLC.
With the S&P 500 up 80% since March 2009 and the specter of a correction looming, financial advisers are scrambling to keep clients calm and to make key adjustments to their portfolios.
