BOSTON — A San Francisco-based company that says it can help mutual funds cut costs and boost returns through better management of investor cash flows has won its biggest-name client yet — OppenheimerFunds Inc. of New York, the eighth-largest U.S. fund group.
CHICAGO — Data gathered by Boston-based research firm Cerulli Associates Inc. confirm what most observers have long suspected: Fidelity Investments is the nation’s individual-retirement-account powerhouse.
NEW YORK — Advisers may want to exercise some tough love when their clients approach them about going back to school for an advanced degree.
Scott Brooks has jumped from Brookstreet to Wedbush Morgan and has asked Brookstreet's reps to join him.
A.G. Edwards today reported first-quarter gains in net revenue and earnings, buoyed by gains in client assets and fee-based accounts.
Brookstreet Securities told its 500 or so affiliated reps and advisers that "disaster" had struck.
Treasury Secretary Henry Paulson will propose an anti-money laundering framework for small banks tomorrow, The Wall Street Journal said.
NASD has fined Wachovia $2 million for failing to adequately supervise its fee-based brokerage business.
H & R Block’s continuing struggles in its mortgage lending unit put a drag on fourth-quarter earnings.
Maurice R. Greenberg has sued current and former AIG directors and management, as well as PricewaterhouseCoopers.
Lehman Brothers plans to raise $500 million for a fund that invests in private equity companies, according to published reports.
Morgan Stanley scored record levels of income and net revenues during the second quarter.
Federal court trials have started for Gregory L. Reyes, former chief executive of Brocade Communications.
Bear Stearns’ investment bank may lend $1.5 billion to save one of the company's struggling hedge funds, according to a Wall Street Journal report.
Compensating brokers for servicing mutual fund shareholders was anticipated by the SEC when it first adopted12(b)-1 fees in 1980.
SAN FRANCISCO — After a year of frantic meetings with ex-clients, Thomas Pignone finally is breathing easier as he rebuilds his firm.
WASHINGTON — Registered investment advisers are likely to outspend other financial intermediaries for compliance software, according to a recent report by Celent LLC, a Boston-based research and consulting firm.
WASHINGTON — U.S. investors could face reduced protections if the Securities and Exchange Commission loosens restrictions to allow foreign brokerage firms to offer securities in the United States, according to some speakers last week at a daylong SEC public meeting on cross-border regulation.
NEW YORK — While most investors are concerned about the effect that climate change has on the environment, few are investing in the alternative-energy sector, according to a recent report.
OTTAWA — In Canadian hedge fund circles, it helps to have a thick skin.
