The economic downturn is hurting the associations that represent financial planners, investment advisers and big brokerages.
Opposition is mounting to proposed legislation — which is scheduled for a vote in the House tomorrow — that would harmonize regulations governing broker-dealers and investment advisers.
Large brokerage firms that are part of bank holding companies could be forced to review their compensation arrangements for brokers and advisers as a result of a pay proposal put forward Thursday by the Federal Reserve Board.
The Financial Services Institute Inc. is now clamoring for a self-regulatory organization to oversee investment advisers.
Although Americans are aware of the debilitating costs of long-term care, few seem to understand how to pay for those services, according to a study by MetLife Mature Market Institute.
The Internal Revenue Service has closed another loophole in the Tax Code.
A suburban Philadelphia man will spend a year and a day in federal prison for selling high-risk securities to four Pennsylvania school districts.
Stock futures are indicating a lower opening on Wall Street following declines in overseas markets and as the Federal Reserve prepares to begin a two-day meeting on interest-rate policies.
The spiritual message of Bob Dylan's soulful ditty about fate and consequences, “Gotta Serve Somebody,” is taking on a more down-to-earth meaning this year.
Financial advisers may want to invest in a Farmers' Almanac to figure out which stocks to buy. That's because it appears companies that announce earnings on sunny days in New York City see their stocks perform better than companies that do so during inclement weather, according to a recent study by two accounting professors.
Stocks fell in early trading Tuesday after wholesale inflation rose more than expected in November, led by a surge in energy costs.
Inch by inch, Americans are recovering some of their vast loss of wealth from the recession, thanks to gains in stock investments and home values.
The next wave of opportunities in the equity markets will be big, “boring” companies that have been largely overlooked in the current rally, according to hedge fund manager Joel Hirsch.
After a decade of pushing fee-based services, Wall Street is slashing and burning the infrastructure that has supported the business.
Investment managers are gathering into a bull stampede, according to the latest findings from Russell Investments.
Affiliated Managers Group will buy the global private equity fund-of-funds business of London-based Pantheon Ventures from Russell Investments for at least $775 million, AMG announced today.
Stock futures are indicating a higher opening on Wall Street after Abu Dhabi provided a surprise $10 billion bailout to Dubai to help with debt repayments.
Wells Fargo & Co. said Tuesday it will sell stock for $25 per share to help repay $25 billion in government bailout money.
John Hancock Funds LLC will file with the Securities and Exchange Commission in the next few weeks plans to launch actively managed exchange-traded funds, according to an official at the firm.
Stocks are edging higher after a bailout of the troubled emirate of Dubai helps allay concerns over global credit problems.
