Despite denials by Mutual Fund Store founder Adam Bold, sources claim the giant RIA is on the block. One says the firm is being valued at around $300 million.
Insurer MetLife moving into the business in a big way, while banks back out. Says one industry consultant: 'They must know something I don't know.'
Florida insurance commissioner worried carriers spending more energy on collecting premiums than paying out on policies
Insurance regulators questioned MetLife Inc. executives today at a hearing in Florida as they sought to understand the insurer's death benefit settlement practices.
The bleeding has started at Securities America Inc., as competitors are successfully recruiting reps from the beleaguered broker-dealer.
Moody's estimates loss of AAA rating would add $100B to Uncle Sam's carrying costs; impact on Treasuries 'significant'
The Land of Lincoln is holding onto its dead presidents as long as possible, stiffing vendors as small as local pizzerias and as large as IBM
An SEC rule proposal intended to thwart the likes of Bernard Madoff likely would result in significantly higher compliance costs for smaller broker-dealers.
Silver dropped, heading for the biggest three-day fall since October 2008, as increases in Comex margin requirements drove investors away. Gold declined after a report that Soros Fund Management LLC may have cut holdings.
In the financial advice-seeking population, about a quarter of households use multiple financial advisers. For those households with investible assets of between $2 million and $5 million, the proportion increases to 33%. And 58% of investors with more than $5 million in assets have multiple advisory relationships.
New software tool will help advisers scan for the best variable annuity option for a client.
Moody's places five Aaa issuers under review for possible downgrades. The reason? The states are vulnerable to cuts in federal spending, the rating agency says.
Clients of a prominent Bank of America Merrill Lynch broker have won an $880,000 arbitration award against the firm.
Retail investors have lost at least $113B in complex investment instruments since 2008, study say
More than ever, employees of small companies face the prospect of a bleak retirement
When clients withdraw money from an individual retirement account or employer retirement plan and want to move those funds to another retirement account, they must roll over those funds within 60 days of the date that they received the distribution from the plan or IRA
Plan sponsors should be able to send retirement plan info to employees digitally without getting permission, industry groups argue
It's not happening, says Robert McCann, head of the bank's U.S. wealth management operation. In fact, McCann flat out denies rampant speculation that a deal is in the works to sell his unit to Wells Fargo. According to McCann, he hasn't even spoken with anyone at the supposed buyer.
Top universities are said to be soliciting applicants who have little chance of getting admitted. The reason? Critics say it's to generate both cash and buzz.
Financial adviser turnover at the four wirehouses — Morgan Stanley Smith Barney LLC, Bank of America Merrill Lynch, UBS AG and Wells Fargo & Co. — dropped to near-historic lows over the past 12 months
