Tougher regulation in the 401(k) marketplace is driving “401(k) dabblers” out of the plan advisory business, according to an industry executive.
Although it may be one of the less glamorous parts of the JPMorgan Chase & Co. empire, the bank's J.P. Morgan Clearing Corp. subsidiary has done something exciting in the area of technology.
On Wednesday, the independent broker-dealer announced the pricing for its long-awaited IPO. At $30 a share, CEO Mark Casady stands to make a bundle from the sale.
The Federal Reserve will buy an additional $600 billion of Treasuries through June, expanding record stimulus and risking its credibility in a bid to reduce unemployment and avert deflation.
Economic commentary by the Chairman, Portfolio Manager & CIO of the Hennessy Funds
Fund company boss decries 'privatization of massive gains and socialization of enormous losses'
Half of Wall Street finance professionals surveyed expect their bonuses to increase for 2010, eFinancialCareers.com found.
Advocates for imposing a universal fiduciary duty for retail investment advice are questioning both the motives and the timing behind a study released by the Securities Industry and Financial Markets Association that raised concerns about a single standard of care.
The financial markets breathed a collective sigh of relief following last week's midterm elections, as the GOP took control of the House of Representatives.
Do breakaway brokers have to disclose to clients how much they stand to gain by going independent?
The Securities and Exchange Commission may impose buy-and-sell obligations on electronic-trading firms and other “high-frequency” proprietary-trading firms that now represent more than 50% of daily stock trading volume.
Broker-dealer firms aren't providing financial advisers with the technology and resources that they need to manage risk in their portfolios, according to Robert S. Kapito, president of BlackRock Inc.
A court-appointed receiver in a Utah Ponzi case has sued Penson Financial Services Inc., claiming that the firm was complicit in perpetuating the scheme for a clearing client.
Federal regulators soon will issue eagerly sought guidance to aid employers that want to amend their 401(k) plans to allow participants to roll over account balances into a Roth 401(k) plan
Asset inflows improved for many of the largest publicly traded money managers in the third quarter, but analysts said that institutional investors continued to hold off on new mandates
Voters have handed the Republican Party either a golden opportunity or a poisoned chalice, and the choice will be determined by the actions of the elected members of the party
After months of sounding out its certificants, the CFP Board's executive leadership this week will propose to the group's board that fees be increased by $12 a month, beginning July 1, for the 62,000 holders of the mark
Independent representatives and broker-dealers gained allies in the House leadership who will work with them to maintain their reps' status as independent contractors
Earnings reports for life insurers reveal a possible threat to future profitability: old books of universal life business.
But firm added 161 advisers overall in 3Q, CFO Robert Moore says
