Finra boss Richard Ketchum says a fiduciary standard is unlikely to happen for another 18 months; regulator will have to build new staff and create a separate board – if it's chosen as advisory biz SRO
A new rule aimed at making the financial advisory business more understandable to clients is giving advisers a headache.
A report by Russell Investments reveals that clients are way too focused on short-term events and global news. This does not make an adviser's job any easier.
Barclay's behavioral-finance expert says rich clients' irrational responses can be reined in
The largest brokerage has seen its assets swell, while reps' productivity has soared. Those reps that are not producing? MSSB still plans to do some pruning.
Apparently, $4M isn't what it used to be. When asked how much they'd need in investable assets to consider themselves wealthy, millionaires came back with a hefty number.
Strange as it may seem, JPMorgan wealth adviser Jordan Sprechman could determine when New York Yankee legend Derek Jeter gets his 3,000th hit. How? We're not tipping our pitch, so make a wide turn and read on.
Many fee-based advisers are under-charging for their services and cheaper rates do not bring in more clients, study finds
Reluctant to entrust their financial assets to any one financial adviser, the nation's top tier of investors is spreading its wealth. In fact, new research shows that well over half of wealthy clients now work with at least five advisers.
A mediation session to resolve hundreds of millions of dollars of investor claims against Securities America Inc. failed to yield a settlement last week, as the firm's 1,800 reps and advisers continue to speculate on whether the firm will survive.
Probably not, although when paired with other recent disasters, carriers' pain could be chronic
When it comes to Section 529 college savings plans, financial advisers say they wish they had more choices
Purchase of Zirkin-Cutler biggest acquisition to date for roll-up firm
Service providers have an additional six months to prepare for plan fee disclosure regulations, and from the looks of it, broker-dealers are going to need all that time to make sure they're up to snuff.
Putnam Investments chief Robert Reynolds came to Washington on Wednesday to urge Congress to save Social Security — just not in the way Wall Street executives usually recommend.
Putnam Investments has tapped former executives from John Hancock Financial Services Inc. and Fidelity Investments to help it expand its defined contribution business.
Offering gives investors access to four absolute-return funds; some fees will be waived through 2012
E*Trade Financial Corp. said Citadel LLC will sell shares of the online brokerage, cutting its stake to less than 10%, after it sold almost 24 million shares less than two months ago.
