The market pullback in the second quarter took its toll on the global wealth management sector of Morgan Stanley Smith Barney LLC, which today reported a 26% decline in pretax income from the first three months of the year to $207 million.
Wells Fargo Private Bank said that it has expanded its Elder Services program to the East Coast through its acquisition of Wachovia Securities LLC.
The Securities and Exchange Commission on Wednesday is expected to propose revamping the structure of 12(b)-1 fees, according to people familiar with the situation.
A full decade after first proposing to revamp form ADV Part 2, the Securities and Exchange Commission is set to approve revisions to this key disclosure document this week
Deputy Treasury Secretary Neal Wolin said the reforms would ensure that markets are “creative, competitive … and far less prone to panic and collapse.”
'We expect to move forward quickly,' says Robert Cook, director of the division of trading and markets'; single standard of care ahead?
Congress sent the Dodd-Frank legislation to President Barack Obama Thursday.
Officials for Silver Bridge Advisors LLC said today they to plan to purchase a San Francisco-area investment adviser, adding that their firm has created a separate entity to better market itself to wealthy families and family offices.
The sweeping financial-regulatory-reform legislation that President Barack Obama will sign this week represents anything but closure for Wall Street.
SEC chairman Mary Schapiro backed a tough uniform fiduciary standard earlier today – but compromise remains a possibility
Research Affiliates chairman Rob Arnott puts the chances of a double-dip recession at better than 50%. His advice? Prepare clients 'to weather the storm'
The fraud charges brought against Goldman Sachs by the SEC may or may not provide a catalyst for market weakness, but significant risk is already baked into observable market conditions.
The following is an excerpt from the quarterly newsletter of Jeremy Grantham, Chairman of the Board of Grantham Mayo Van Otterloo LLC. To read the full newsletter, please <a href=https://www.gmo.com/America/CMSAttachmentDownload.aspx?target=JUBRxi51IICH9wllS7nFzv7ybaFb7pejnbwTNH0bkvX%2b6VuTG%2fK%2fZQlXslaAJiXTuWWsm17RpANM4ky9wfHNILCaoOCk9CxUxd1YL1lKMqQ%3d>click here.</a>
Western National Life, an AIG Inc. subsidiary, emerged as the top fixed-annuity seller in the bank channel during the third quarter of 2009, displacing rival New York Life Insurance Co., according to data from Beacon Research Publications Inc.
Retail brokers have come under Securities and Exchange Commission Chairman Mary Schapiro's microscope, thanks to a warning she issued late last month about the dangers of recruitment deals.
Gitterman & Associates, a 10-person team in Georgia, has found a new home.
