The Vanguard Group Inc., the retirement plan provider and investment manager, says CEO F. William McNabb III will take on the role of board chairman in January.
Faster economic growth next year, particularly in the developing world, will drive oil demand higher than previously expected, the International Energy Agency said Friday.
The number of financial advisers fleeing large brokerages appears to be slowing, as many wirehouse reps are staying put — for now — or joining another wirehouse.
Even during his most frenzied days, when Congress is demanding answers or the president himself is calling, Treasury Secretary Timothy Geithner makes time to talk to a select group of powerful Wall Street bankers.
The number of new claims for jobless benefits falls to the lowest level since early January, as employers cut fewer workers.
Robert McCann, the former head of the brokerage business at Merrill Lynch & Co., will officially take over as the head of UBS AG's wealth management business by the end of the month, according to a source close to Mr. McCann.
Investors have learned hard lessons about sector weightings over the years.
In another acknowledgment of the rapid rise of independent investment advisers, Putnam Investments is creating a distribution channel dedicated solely to selling its products to them.
The uncertain direction of the economy and the markets remains the “key challenge” for investors, according to Ron Albahary, who was named chief investment officer for Convergent Wealth Advisors on Monday.
ING's <a href= http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091007/FREE/910079995> decision to sell off its Swiss private-banking unit</a> to Julius Baer Group today is renewing speculation that the insurer may soon sell off most of its broker-dealer network here in the United States.
Officials for Penson Financial Services Inc. said that <a href= http://www.youtube.com/watch?v=pKQdQ0T9IkE&feature=player_embedded> a video circulating on the Internet </a> of one of its traders engaging in an apparent naked short sale is a fraud that unfairly accuses the firm of violating Securities and Exchange Commission regulations.
Larger financial institutions shedding their asset management business accounted for the bulk of mergers-and-acquisitions activities in the third quarter, a trend that will continue in the months ahead, according to a report today from the financial-institutions group of Jefferies & Co. Inc.
Balances in health investment accounts leapt by more than 20% quarter-over-quarter during the second quarter of 2009, according to data from Canopy Financial Inc.
Regulators and representatives of the insurance industry appeared before Congress today to discuss a new draft of the Federal Insurance Office Act of 2009.
Beacon Pointe Advisors of Newport Beach, Calif., a wealth management firm with $4 billion in assets that caters to high-net-worth individuals, is looking to bolster its business with wirehouse castoffs.
Although financial advisers think that succession planning is important, many also believe that they aren't getting enough help preparing for that transition, according to a new survey conducted by Mathew Greenwald & Associates Inc. for John Hancock Financial Network.
Investment advisory firms would have to pay fees to cover the cost of SEC examinations under draft legislation released last week by a senior lawmaker.
Three more large investment firms have raised sufficient capital to participate in the joint partnership with the government to purchase toxic assets from banks.
A new survey suggests that independent investment advisers are becoming more optimistic about the economy.
