Embattled broker GunnAllen Financial Inc. has lost a top-producing branch — the broker-dealer's first major defection since the abrupt resignations in December of its holding company's chairman and chief financial officer.
Brokerage firm E-Trade Financial Corp. said Monday it has named director Robert Druskin to take over as chairman and interim CEO when Don Layton retires at the end of the year.
Questions surround the beleaguered firm after owner and chairman resigns.
Registered investment advisers are deeply concerned about new regulations and are sensitive to the impact of the financial downturn on their personal lives and finances, but they remain surprisingly upbeat about their jobs and their outlook on the economy, according to a new survey.
The combined firm, which will operate as Forum Financial, has ten advisers and $500 million in assets under management
Ameriprise Financial Inc.'s plan to open its brokerage platform to outside variable annuities falls short of the open architecture favored by other independent broker-dealers.
Kohlberg Kravis Roberts & Co. is on its way to becoming a fully diversified money manager, but it looks like it will be a long trip.
More than their friends, portfolio managers or corporations, investors trust their brokers or financial advisers, according to the first annual U.S. Financial Services Trust Barometer, sponsored by the Edelman public relations firm.
Dividend investing is one of the best long-term investment opportunities out there, and it looks particularly alluring right now.
Less than 4% of all independent advisers have ever had their businesses professionally valued, and less than 10% have any formal, written succession plans in place.
The recent surge in the price of gold has the CFTC considering placing restrictions on speculative trades in gold, silver, and copper.
Unlike the numbers for January, any data showing lackluster home sales in February can't be fobbed off on the weather
Theflyonthewall.com gets zapped in federal court. That's no doubt good news for Merrill Lynch, Morgan Stanley and all the other firms that sell research to clients.
The claims that advisers would have to select from the entire universe of options and that results, not process, determine fiduciary appropriateness certainly tell a scary story of how a fiduciary standard would unfairly target well meaning advisers who are only trying to do what's best.
State decides to go with Union Bank and Trust, instead
A new proposal targeting tainted investment advice would affect millions of workers.
A Missouri woman was sentenced Thursday to nine years in federal prison for a grain fraud scheme that bilked 179 farmers out of a combined $27.4 million and earned her the nickname the "Madoff of the Midwest."
