Financial advisers who live by the maxim “the early bird catches the worm” might want to think twice before getting a head start on making the switch to state registration.
Financial advisers are bulking up their resources — and bracing for client complaints — as they prepare for the Jan. 1 deadline to begin complying with new cost basis rules.
Tougher regulation in the 401(k) marketplace is driving “dabblers” out of the plan advisory business, according to an industry executive.
Deep job losses from the Great Recession, combined with dried-up job markets, have created a class of “accidental entrepreneurs” — people who start businesses because they have few other options.
Instead of fighting with advisers over the estimated $1.5 trillion in 401(k) rollover assets, record keepers may want to work with them.
FBR Capital Markets downgraded The Charles Schwab Corp. last week on concerns that the company could face more litigation from investors.
Sanders Morris Harris Group Inc., a wealth management broker-dealer that owns Edelman Financial Services LLC, indicated in its quarterly report that regulators have decided to recommend disciplining the company.
Goldman Sachs Group Inc., the Wall Street firm that makes more money trading equities than any other bank, stopped providing clearing services for some of its smallest U.S. clients, three people told of the decision said.
Morgan Stanley, the sixth-largest U.S. bank by assets, divested a stake in Invesco Ltd. for $664 million five months after acquiring the shares in its sale of a retail asset-management business.
Sheepish about being bullish, Sonders nonetheless predicts rebound in hiring, investor enthusiasm
Catie Tobin replacing retiring Mike Kavanagh
The Charles Schwab Corp. made several technology announcements this morning at its annual Impact conference in Boston.
Generally speaking, financial advisers aren't exactly overjoyed when one of their industry associations raises its dues
The core question is simple: What's the best way to structure the mechanism by which people trade stocks?
As the new Dodd-Frank legislation requires, the Securities and Exchange Commission now has six months to study whether a fiduciary standard; a first step in this process is gathering input.
If you ever wanted proof that rational economic man is a myth, look no further than the pricing of financial services.
Four former Merrill Lynch brokers in Chicago are pressing their ex-employer, now owned by Bank of America Corp., to pay about $3 million in compensation they argue is owed to them.
Republican promises to revisit the financial reform law aren't fazing Securities and Exchange Commission Chairman Mary Schapiro.
