Oppenheimer Holdings Inc. is interested in picking up some of the brokers and advisers from the distressed Stanford Group Co., the Houston-based broker-dealer arm of the disgraced companies controlled by financial R. Allen Stanford.
Advisers are agitated by the SEC’s decision to expand its examinations of advisory firms to include contact with clients.
The Charles Schwab Corp., under fire from some investment advisers for abruptly ending custody of most alternative assets, said it is modifying the policy but not abandoning it.
Stocks declined in early trading Thursday after mixed economic data and a cut in General Electric Co.'s credit rating.
President Barack Obama called Wednesday for international allies to sign on to more aggressive steps to jump-start their own economies.
President Barack Obama plans to sign a massive spending bill to keep the federal government running, even though it is stashed with the very kinds of pet projects that the campaigning Obama promised to resist.
A recent court ruling has paved the way for the bulk of the Leona M. and Harry B. Helmsley Charitable Trust to be spent on charitable efforts, not on dogs.
Raymond James wants help from issuers of auction rate securities. And if it doesn’t get it, the firm may sue.
Fidelity Investments of Boston today launched three funds, including the firm’s first convertible-securities fund.
“The Daily Show’s” Jon Stewart has brought to wide public attention — in his signature snarky style — what advisers have been saying for years: much of the content on CNBC is super-hyped, useless pap.
The National Association of Insurance Commissioners has released a list of carriers that have applied for a special accounting treatment aimed at helping them raise capital and surplus.
A Massachusetts-based registered rep for a MassMutual subsidiary was charged with wire fraud after allegedly swindling two elderly investors.
The Securities and Exchange Commission has announced that it will begin contacting investors to make sure they have the assets their investment advisers are reporting.
Terms such as “fiduciary duty” and “suitability” contribute to investor confusion, and they should be replaced by a “universal standard of care” for brokers, says SIFMA.
Advisers need to bolster their sales efforts to snag new clients since most advisory firms’ sales are down 10% to 40%, one industry expert told advisers at the Financial Planning Association’s Business Solutions conference at the Chicago Westin.
Your wealthy client, age 72, has a sizable individual retirement account and is wondering whether to make charitable contributions from the IRA in 2009.
Only two of the top 100 largest foundations have said they plan to increase giving this year, according to a new report from the Foundations Center.
Investment advisory firms should be able to hold custody of client assets so long as advisory functions are separated from custodial functions, according to the Investment Adviser Association.
Unless an investor had held an investment for more than a decade, they lost money in last year’s market collapse, according to a study released today by Dalbar Inc.
Locke Capital Management Inc. and its chief executive, Leila Jenkins, lied repeatedly to customers by inventing clients who supposedly lived in Switzerland and had more than $1 billion in assets, the SEC charged today.
