Slate of independent candidates from small firms elected; series of proxy proposals also approved
Brokers generally have no problem with improving disclosure, but they and other critics contend that the agency is neglecting to shine a light on other mutual fund expenses and practices that cost investors money.
Peter Santoro, head of institutional markets at Citadel Investment Group LLC's investment banking arm, has left the firm.
Equities are outperforming junk bonds by the most in a decade — but investors continue to pull assets out of equity mutual funds
Contrary to popular belief, markets thrive on a little confusion
Large caps keep on rolling, while bond rally loses steam; economy will surprise 'on the upside'
Morgan Stanley, owner of the world's largest brokerage, reported a third-quarter loss of 7 cents a share after writing down a stake in Revel Entertainment LLC, an Atlantic City casino project.
Billionaire investor Kenneth Fisher said monetary stimulus from the Federal Reserve is unnecessary and could cause the dollar to weaken and reduce demand for riskier assets such as U.S. stocks.
A little-known provision within the Dodd-Frank law gives the Securities and Exchange Commission the power to remove mandatory-arbitration language from client-broker agreements, which could expose broker-dealers to huge costs, according to observers
RBC Correspondent and Advisor Services yesterday announced the addition of four senior-level relationship managers whose jobs are to consult with RBC's broker-dealer correspondents and RIA firms at a strategic level.
Despite a recession and uneven economic recovery over the last year, the investment advice industry has grown — both in the number of practitioners and the amount of money they guide, according to a study released Wednesday.
High anxiety abounds as economy, markets stall; detailing the risks of risk-aversion
Bank of America Corp., the largest U.S. lender, reported a $7.3 billion loss tied to new rules on consumer accounts and credit cards and said it's fighting demands for the lender to buy back allegedly faulty loans.
Defined-contribution managers bounced back a bit by year-end 2009 from the morose markets of 2008 as assets under management rose 19.7%
Chalk up another hard-earned lesson from the financial crisis: Investors in limited partnerships, the structure of choice for most alternative investments, discovered that giving up liquidity in exchange for higher returns wasn't such a good idea after all.
While retirement industry leaders last week pressed officials from the Labor and Treasury departments to make it easier to include annuities in 401(k) plans, many investment firms and advisers said they aren't pinning their hopes on the annuity proposal and are looking for income solutions that don't involve insurance.
Fearing that Japan-like deflation may be coming to the United States, some money managers and financial advisers are building portfolios that can withstand falling prices and contracting credit.
Through its recently announced purchase of National Retirement Partners Inc., LPL Investment Holdings Inc. is set to enter the demanding and competitive market for smaller to midsize retirement plans.
