The former CEO of Raleigh-based software firm Red Hat Inc. is suing his family's financial advisers, saying they misused $60 million.
Now that the nation's largest independent broker-dealer is accountable to the investing public, it remains to be seen whether it is a fast-growing teen or a young adult.
The IPO market is staging a comeback, with a string of big offerings expected this week, the strongest since March 2008.
LPL Investment Holdings Inc., the brokerage and investment advisory firm owned by private equity firms TPG Capital and Hellman & Friedman LLC, raised $470 million in its initial public offering.
How big will a publicly owned LPL Investment Holdings Inc. become?
Some of LPL Investment Holdings Inc.'s most noted and longest-affiliated advisers will see a windfall once the company goes public and shares begin to trade.
Franklin Resources Inc. is one of the “best-positioned asset managers in this environment” of expected 12(b)-1 fee reform, according to a stock report issued today by FBR Capital Markets.
Retirement funds have recouped losses from 2008 market crash; 2010 funds up 5% from 2007
Survey reveals deep mistrust of equity markets; a third of respondents fully in cash
TD Ameritrade Inc. announced today that it will offer new-issue municipal bonds both to its discount clients and the investment advisers who hold assets in custody at the firm.
Pacific Investment Management Co., manager of the world's largest mutual fund, is raising at least $1 billion for a private fund to buy troubled loans from banks divesting assets to meet new rules, said two people briefed on the plans.
The uncertainty of the Social Security system is making retirement's three-legged stool a bit wobbly.
Ron Carson, LPL Financial Corp.'s most prominent financial adviser, seeks to create a national wealth management franchise, joining the fray with other noted investment advisers desiring a national footprint.
The Great Depression was the trigger for the creation of the Social Security system, which greatly reduced poverty in old age.
The plaintiffs, H. Cristina Chen-Oster, a former vice president, Lisa Parisi, a former managing director, and Shanna Orlich, a former associate, seek class-action status to represent all female Goldman employees with those job titles.
Merrill Lynch & Co., the Bank of America Corp. securities brokerage unit, won a U.S. judge's ruling denying a bid by 17 black financial advisers for group status in their five-year-old discrimination case.
Three female advisers claim they were treated as “second-class citizens,” according to a class action lawsuit filed against the bank
