A broker-dealer that was a prominent seller of high-risk private placements that wound up going bust has almost wiped the slate clean of costly litigation that could have impaired the firm's financial condition.
Envestnet Inc., a turnkey technology and wealth management provider that went public in July, is adding several unified-managed-household features to its platform this week.
Envestnet Asset Management Inc. has signed an agreement to provide a money management platform for Shareholders Service Group Inc., a San Diego-based custodial firm that serves 700 advisers.
Investors Capital Holdings Ltd. has a new set of owners: its employees, advisers, and their clients.
Bank of America Merrill Lynch has brought on six new financial advisers in Texas, Pennsylvania and California.
A Philadelphia registered investment adviser agreed to pay nearly $11 million for misappropriating funds from clients who were told their money would support socially conscious investments, while it really went to pay the adviser's debts and for other purposes, according to federal regulators.
In a major hire for his new registered investment advisory firm, CWM LLC, Ron Carson has announced that well-known veteran investment adviser Rob Isbitts will become chief investment officer of the firm, which was launched July 1
Bank of America Corp. continues to invest in its wealth management division while reining in other lines of business to prepare for new Basel III capital requirements
Analyst Richard Bove says Gorman's target for brokerage a stretch — and then some; 'phenomenal job'
The recent drop in the price of oil has sent shares of oil producers skidding — so much so that some analysts think that the market presents a buying opportunity
Is our economy headed back into a recession? A look at a past double-dip, the recessions of 1980 and of 1981-1982, suggests we are due.
Lincoln Trust and Great-West claim the Labor Department's disclosure rules don't go far enough when it comes to fixed general account fees for insurers.
Once dismissed as risky business, global investing is suddenly hot as a pistol. The big beneficiary? So far, Franklin Resources, which has seen its assets surge and its stock price soar.
U.S. stocks tumbled, erasing the 2011 gain for the Standard & Poor's 500 Index, after an unexpected drop in consumer spending increased concern that growth in the world's largest economy is faltering.
The political posturing and ominous headlines heading out of Washington in recent weeks forced a lot of financial advisers into damage control in an effort to prevent clients from overreacting. With a deal now reached between party leaders, where do the markets go from here?
Investors Capital Holdings Ltd., a publicly traded independent broker-dealer that put itself up for sale this month, could be an attractive acquisition for LPL Investment Holdings Inc. and several other large broker-dealers, according to analysts
Ted Charles, founder of Investors Capital Holdings, aims to sell a majority stake in the publicly traded indie B-D
John Thiel is looking to streamline the Merrill Lynch management structure. In doing so, he may be spreading himself too thin | <b>Extra</b> <a href=http://edit.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20110616&Category=FREE&ArtNo=616009999&Ref=PH&Params=Itemnr=5>How does ML rate with clients?</a>
