In a huge blow to SagePoint Financial Inc., one of three broker-dealers that make up the AIG Advisor Group Inc., its largest group of reps and advisers is walking out the door following a bitter dispute over group's role and future at SagePoint.
Following an emergency session, the European Union unveiled a $1T plan to backstop sovereign debt on the continent. The result? World stock prices are surging | <a href=http://www.investmentnews.com/article/20100510/FREE/100519998>UBS: 'All in' bet to boost Euro a temporary fix</a>
Last week was a difficult one for equity markets as ratings downgrades on European sovereign bonds raised fears of credit contagion.
The hearings last week by the Senate Permanent Subcommittee on Investigations into The Goldman Sachs Group Inc.'s behavior during the mortgage bubble was a show trial designed to deflect responsibility for the bubble and its aftermath from Washington.
Alan Skrainka, a familiar face on CNBC, had worked at the firm for nearly 30 years. His time at Jones came to a screeching halt, however, after the brokerage fired him for using written material without proper attribution
Friday was a multi-swinging session, which is exactly what you want for a bottoming phase in the equity markets.
Thursday: A nearly 1,000 point drop, followed by a 600 point gain. Friday: Swings of nearly 340 points, to finish with another triple-digit loss. Where it heads next week is anyone's guess. But one thing's for sure: Volatility is back.
One of the most manic days in the history of the world markets may have been the result of a typo made by a trader at Citigroup, according to a CNBC report
The benchmark index for U.S. stock options surged to the highest since February 2007 as stocks tumbled on concern that Europe's debt crisis is worsening.
Target date funds are marketed as age-appropriate diversified portfolios and promoted as sophisticated, easy-to-use funds.
Wells Fargo Advisors, UBS, MSSB and Merrill Lynch made personnel changes this week
This is obviously a big panicked reaction. It could last for days or be over by tomorrow but recognize it for what it is, a panic.
Of the 172 new adviser teams that joined Schwab in 2009, fully 42% went to existing RIAs. That's a big change from previous years
My friends at <a href=www.businesshealth.com>Business Health</a>, an international consulting firm that specializes in financial advisory businesses, recently came out with a report comparing the financial “health” of Australian advisory practices today with their condition in 2007.
Equities rallied for the first part of last week, reaching new highs for the current cycle on Thursday, before falling sharply on Friday on news that US regulators are suing Goldman Sachs over alleged fraud in connection with its collateralized debt obligation business.
The online brokerage was hoping to keep the YieldPlus lawsuit from going to trial. After a Federal judge's ruling on Thursday, it may be time for Plan B.
Why 20 advisers shelled out $300 apiece in hopes of finding ways to use social-media in their respective businesses.
