The reduction in fees follows Rhode Island's renewal of its contract with AllianceBernstein to manage both its in-state plan and its national plan.
In a first, the fund tracker will rate college-savings plans based on performance and fees.
A Kirkland financial planner who looted her clients' investment accounts was sentenced to six years and eight months in prison by a federal judge who praised her for cooperating after she got caught.
Morgan Stanley, owner of the world's largest brokerage, lost an arbitration ruling that will allow two brokers convicted of securities fraud to each keep $4.45 million in signing bonuses.
Fear of market gyrations taking hold among affluent young investors; is the 'conservatism' embedded?
Axa also failed to use product comparisons that lower the surrender and death benefit value by the investment fund charges when considering hypothetical rates of return.
Enhanced equipment trust certificates issued by airlines are suddenly high flyers, as yields climb.
The Financial Industry Regulatory Authority Inc. is proposing a rule that would let the regulator demand more frequent financial reporting from its member firms — and as a first step, it wants more details on revenues and expenses.
Stifel Financial Corp CEO Ronald Kruszewski downplayed the impact of a new fiduciary standard on his firm, noting it will likely be just "a disclosure regime.”
Today's job report revealed continued weakness in the U.S. economy and provides clear evidence that prior efforts to stimulate with deficit spending, absurdly low interest rates, and a series of government programs designed to support the housing and automobile markets have failed to create any meaningful forward momentum.
The "Black Swan" author believes that the economy is still fragile and bruised, and now says that "the perception of hyperinflation is going to penalize real estate," and adds "it's going to penalize the stock market." So get used to more bumpy months like this one.
Morgan Stanley Smith Barney LLC this month began imposing quarterly fees of $35 on households with total accounts under $25,000, the latest development in big brokerage firms' long-simmering campaigns to wean financial advisers from small accounts.
Federal Reserve policy makers meeting today may find the market reaction to any announcement of steps to spur growth will be bigger than the impact on the economy.
Important metrics of economic activity are slowing rapidly.
We've now accumulated enough evidence to conclude that the U.S. economy is most probably headed into a second leg of recession, according to the president of the Hussman Trust's latest commentary.
In recent months, GDP numbers have rebounded - primarily as a result of record low interest rates reliquifying the credit market and government stimulus jolting consumer spending.
Many are mistaking this euro weakness for dollar strength. A quick glance at the price of gold - which has made new highs in both currencies - quickly disproves this myth.
Stifel Financial Corp. and Thomas Weisel Partners Group Inc. said last week that they have reached a definitive agreement to merge operations in an all-stock transaction valued at more than $300 million.
Citi private bank testing site tarteting heirs of high-net worth clients; Spend Grow Give
In an executive switch that creates an opening in its wrap account business, Morgan Stanley Smith Barney LLC has named a new chief operating officer and a new private-wealth-management head.
