Richard G. Ketchum, chairman and chief executive of Finra, called on brokers to make the fiduciary standard their guideline and not to get bogged down in the legal liabilities associated with it.
Step by step, former wirehouse advisers can build a new brand and enjoy new freedom.
Advisory firms — particularly large and growing ones — are considering the addition of a chief risk officer to stay on the level.
Rules differ for those currently married, widows/widowers and the divorced
Today's Breakfast with Benjamin includes: Facing the reality of capital gains, Hilton IPO sheds light on hotel stocks, hedge funds go long-only, and the Brits outshop Americans.
Waiting till after Jan. 1 to cash out means a whole year to harvest losses, experts say
A paradox for the ages as weak economy pushes stock prices higher.
Clients may think advisers are buying them a load of coal when they see their quarterly statements because advisers are poised to buy some (gulp) bonds, interest-rate risk included, before the end of the year despite stocks' strong outlook.
Nuveen's chief equity strategist Bob Doll says economic underpinnings, including revenue growth, are strengthening as stock prices continue to climb. And valuations? Not insane.
Pimco's Bill Gross raised the percentage of Treasuries and other U.S. government-related debt in his flagship fund in October after the Federal Reserve unexpectedly maintained its bond purchases.
You have probably read a lot about “big data” and a whole industry that helps businesses get a handle on measuring “metrics that matter.” One of the keys to success for an RIA is knowing both what to measure and how to measure it.
Thanks to the stock market rally, among other things, the $287 billion Vanguard Total Stock Market Index Fund has surpassed the $247 billion Bill Gross' Pimco Total Return Fund as the largest mutual fund. At least for now.
Finished with its acquisition of Morgan Keegan & Co. Inc., Raymond James Financial Inc. plans to refocus on recruiting, which was depressed across the industry in the first half of 2013, chief executive Paul Reilly said Thursday, a day after the firm reported record profits.
State regulators see uptick in actions against RIAs but even though the increase is considered inevitable, it exposes compliance flaws. Bruce Kelly reports.
Vanguard to pay short-term capital gains on money market funds
Rather than work through the weekend, legislators agree to move vote on next Fed chief to Jan. 6.
The U.S. stock rally that has extended over the past year, but strategists warn 'light is turning yellow'
Congress's latest attempt at crafting a budget plan is on track to end up the same way as others have in the past decade: with little or no agreement.
Markets are poised for the Santa rally and January effect. Also in today's Breakfast with Benjamin: Cyber Monday becomes Cyber Week, global factory growth, CEO pay and stock performance, and financing 'The Twelve Days of Christmas.'
As retail investors continue to jump on the stock market bandwagon to join the strongest rally since 2009, a growing list of professional portfolio managers are heading in the opposite direction by unabashedly seeking shelter in large piles of cash.
