TD Ameritrade Inc. announced today that it will offer new-issue municipal bonds both to its discount clients and the investment advisers who hold assets in custody at the firm.
Pacific Investment Management Co., manager of the world's largest mutual fund, is raising at least $1 billion for a private fund to buy troubled loans from banks divesting assets to meet new rules, said two people briefed on the plans.
The uncertainty of the Social Security system is making retirement's three-legged stool a bit wobbly.
Ron Carson, LPL Financial Corp.'s most prominent financial adviser, seeks to create a national wealth management franchise, joining the fray with other noted investment advisers desiring a national footprint.
The Great Depression was the trigger for the creation of the Social Security system, which greatly reduced poverty in old age.
The plaintiffs, H. Cristina Chen-Oster, a former vice president, Lisa Parisi, a former managing director, and Shanna Orlich, a former associate, seek class-action status to represent all female Goldman employees with those job titles.
Merrill Lynch & Co., the Bank of America Corp. securities brokerage unit, won a U.S. judge's ruling denying a bid by 17 black financial advisers for group status in their five-year-old discrimination case.
Three female advisers claim they were treated as “second-class citizens,” according to a class action lawsuit filed against the bank
A lawsuit over the theft of contact information for more than 6 million TD Ameritrade customers has been ordered into mediation, so the search for a satisfactory settlement will continue.
Send letter to Fed boss Ben Bernanke urging central back to halt latest round of quantative easing
On October 29, the bond vigilantes, after being in hibernation for many years, suddenly awoke and fired a warning shot at the Federal Reserve, the stock market and millions of other investors.
Compensation for brokers and firm executives would be subject to claw-backs if deemed excessive
Hiring in the asset management business rebounded in 2010 after two sluggish years, but active-domestic-equity managers are on the outs, according to a recent report by executive recruiting firm Russell Reynolds Associates Inc.
Nervously await Deficit Commission report on the inside build-up of insurance products
Former Merrill exec Bob McCann is helping to spark a turnaround in the UBS wealth management unit
Three independent governors elected to the Finra board in August are already drawing fire from critics who say that they have abandoned the reform platform that got them elected in the first place
But Berkshire boss says pain from the financial crisis will last for a long time
With growing concerns about an increase in defaults among state and city governments, money managers are ratcheting up their efforts to reduce the levels of risk in their municipal bond portfolios.
