In a bold move, the normally conservative Raymond James agreed to buy Morgan Keegan for $930 million. Now, the company will have to keep recruiters at bay while it tries to hold onto the brokerage's top talent.
Will invest half of assets into just five stocks
Diamonds stick pins in gold bubble; demand for gems far outstripping supply
Class warfare is likely to be a major theme of the 2012 election, with bottom-line consequences for financial advisers' affluent clients.
Bank of New York Mellon Corp. was sued on behalf of three funds for negligence in connection with the Ponzi scheme run by convicted fraudster Bernard L. Madoff.
Analysis of Newt Gingrich's tax plan would cut taxes for 70% of households and reduce rates for the highest earners compared with what they pay now.
It's anything but a virtuous cycle. The markets are down. Financial advisers who base their fees on assets under management are hurting. The only fix? Raise prices. But how can you in this market?
Under pressure from a challenging economic environment, John Hancock Life Insurance Co. has pulled back on its annuity distribution and expects to withdraw an array of fixed, variable and immediate annuities
Planned purchase of ING Direct gets nod from Federal Reserve
Northern Trust latest to downsize; total layoffs among top three custody banks could top 4,450
Bearer bonds from alleged Philippines plane crash are little more than wallpaper
When it comes to passive versus active fund management, investors seem to be voting with their feet. No fund has felt the effects more than American Funds Growth Fund of America. | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20120116&Category=FREE&ArtNo=116009999&Ref=PH>Fund families that bet big on their own funds &raquo;</a>
Markets want cash-strapped nation 'off the front page'; holding action for now
The latest compensation changes being made by Merrill Lynch Wealth Management to encourage brokers to go after wealthier clients could hurt broker trainees, small-market financial advisers and low-end producers.
The head of the world's biggest bond fund said he sees a more than 1 in 3 chance that the euro zone will break apart and trigger a financial crisis.
Wells Fargo & Co. has agreed to purchase global equity manager EverKey Global Partners.
Dithering of politicians dragging drama out; recession in Europe could last several years
Merrill Lynch added to adviser ranks but revenue fell 1.9%.
Getting investors to read company literature no joking matter for the upstart — and irreverent — asset management company
