SWS Group Inc. said Thursday its chief executive of eight years has resigned to pursue other interests; board member steps in on interim basis
Yesterday, Securities America and parent Ameriprise struck a deal with attorneys representing investors who bought private placements that went bust. Today, lawyers involved in the negotiations say the deal could unravel if a handful of clients opt out of the agreement.
Ameriprise Financial Inc. has reached a $27 million settlement with investors who bought private placements that have gone bust from reps at its independent broker-dealer subsidiary, Securities America Inc., according to an attorney with knowledge of the matter.
Ameriprise Financial Services Inc. advisers Dave Dryden, Travis Carter and Wayne Smith were running their own independent office, in their own building, with their own staff.
Like a nagging cold, leakage from defined-contribution plans continues to bedevil plan sponsors and their providers
Wharton's Jeremy Siegel has analyzed stock and economic trends dating back to the early 1800s. The good professor's conclusion? Get your clients off the sideline and back in the game.
This bull market has legs
Going independent has never been easier, but there are still a host of issues to consider. This first installment of a four-part special report explores the ins-and-outs of starting your own practice.
Seek out advice from others who have gone out on their own
The merger of the New York Stock Exchange and the Deutsche Boerse bodes ill for individual investors, not because ownership and the headquarters of the combined exchange will be outside the United States, but because of the trends that produced it
A congressional leader sees a key role for investment advisers in his vision for reform of the retirement system
Two years after their regional firm, Piper Jaffray & Co., was bought by UBS AG in 2006, Wayne Wagner, Scott Stoltenberg and Laura Swift came to the conclusion that their Davenport, Iowa, practice just didn't fit in with the global giant
Although some may question the financial acumen of an institution $14 trillion in the red, Uncle Sam wants to teach America's high-school-age students more about finance so that they will be better prepared to make personal financial decisions
Service providers have an additional six months to prepare for plan fee disclosure regulations, and it seems that broker-dealers will need all that time
Institutional investors are seeing short-term gains from their recent commodities investments, but those gains could be overshadowed by an economic catastrophe if political turmoil overseas causes a drop in demand or an oil price spike to more than $200 a barrel, investment experts said
Financial advisers seem to have implemented Bill Gross' strategy before Bill Gross
The question really is at what yield and what are the price repercussions if the adjustments are significant, writes the Pimco bond guru.
Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co., said gains in so-called headline inflation matter more for the U.S. economy than Federal Reserve Chairman Ben S. Bernanke suggests.
Financial adviser training and compliance expenses could spike for broker-dealers of all sizes — and become especially burdensome to smaller firms — if the Labor Department applies its proposed fiduciary rule to individual retirement accounts, observers say.
