A judge shoots down a possible class-action settlement between Securities America and private placement investors, leaving the brokerage's future in doubt
Commissioner Walter says the regulator will start work in July on capping the marketing fee. This may not sit well with brokers or mutal fund providers.
SEC eyes requiring such funds to establish 'NAV buffer'; idea would trump ICI's plan for liquidity bank
As the crisis in Japan continues to unfold, some worried U.S. investors have turned to their financial advisers for reassurance that the market won't suffer a 2008-like decline
Investment advisers took to their phones or e-mail to answer client concerns about the possible effect of the crisis in Japan on their investments and on the U.S. recovery in general, according to an InvestmentNews website poll conducted this week.
B-D and advisory groups look to a) speed up, or b) slow down adoption of single standard of care
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
Plain-English disclosure document would describe services, conflicts and limitations on duties
A new rule aimed at making the financial advisory business more understandable to clients is giving advisers a headache.
Securities and Exchange Commission officials tried to assure Congress last week that the SEC's examination and enforcement divisions are working together more effectively to catch and prosecute rogue advisers such as Robert Allen Stanford, who allegedly bilked clients out of $8 billion.
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
