A major law firm has pitched the Labor Department a program that would let broker-dealers and other service providers admit to and fix their fee disclosure errors without incurring the wrath of the agency.
Ladenburg Thalmann Financial Services Inc., which owns three sizable independent broker-dealers, stands to benefit from long term trends such as the increase in the number of Baby Boomers retiring and advisers leaving large financial institutions
Bank of America Merrill Lynch has named a new head of its Alternative Investments Group, as demand from its advisers for alternatives is expected to double assets over the next three to five years. Keith Glenfield, former chief operating officer of Global Wealth & Retirement Solutions, started in the new role this week.
If elected, Mitt Romney says he will cut out all investment taxes on the middle class. Great news for advisers, right? Right?
Pru to pay $615 million in cash for 700,000 life insurance contracts
Massachusetts has filed a complaint against a midsize adviser for allegedly misstating assets under management.
That best describes the underpinnings of middle-income Americans' financial decisions. And a new survey reveals just how much it's costing them.
Prudential Financial Inc.'s decision to cut off contributions into a slate of older variable annuities with attractive benefits has raised the ire of financial advisers, this time because they were given so little time to add money to the contracts.
Bows out of group LTC insurance; halted sales of individual coverage in March
June 28 is the day for advisers managing $25M-$90M to sign on for state oversight
New research from Wharton shows that many financial advisers are giving their clients shortsighted -- or plain bad -- advice about Social Security.
A source claims Vikram Pandit was ousted as Citigroup CEO due to a series of missteps, not one incident. The last straw? The sizeable accounting hit the bank took from the plummeting valuation of Smith Barney.
Headhunters say rivals are stepping up efforts to recruit Morgan Stanley reps. But will they succeed?
Bank of America on Friday agreed to a $2.43B shareholder settlement over the acquisition of Merrill Lynch. It's unclear if this bodes well for ex-reps who are suing the brokerage for deferred comp.
Gain from sale included in non-GAAP numbers in 2009 -- but hit from recent write-down wasn't
In the first presidential debate on Wednesday night, Republican presidential nominee Mitt Romney did something that he's resisted since he began his quest for the White House 18 months ago. He embraced his Inner Massachusetts. That moved him to the political center, where investment advisers reside.
Say debate clearly won by the Republican presidential candidate; 'extremely strong'
An arbitrator this week said Morgan Stanley's brokerage unit is only worth $13.5 billion, not $22 billion. So how is that a victory for Morgan Stanley?
