Manager turned sex offender gets jail time
Billionaire money manager Jeffrey Epstein was sentenced to 18 months in jail for soliciting prostitution.
A rosy small-cap outlook
Optimism characterizes management's thinking at the Natixis Vaughn Nelson Small Cap Value Fund (NEFJX).
Donor fund inflows track volatile market
Economic uncertainty and market volatility are taking donor-advised funds on a roller coaster ride.
Merrill taps ex-Bear clearing exec
Merrill has hired John Tyers, formerly one of the heads of Bear's defunct clearing and custody business.
FundQuest and United Planners offer UMA
The platform will include eight product solutions, four mutual fund portfolios and the FundQuest ActivePassive Portfolio.
Fidelity announces extent of layoffs
Fidelity Investments laid off 550 workers this week, largely from its personal and workplace investing unit and human resource services unit.
Bond-rating firms to overhaul fee collection
The aim is to remove some of the power investment banks have over selecting which rating firms get paid to rate deals.
Advisers cautious about Latin America
After five years when investing in Latin America was virtually a sure thing, some industry experts are beginning to caution that the good times may be coming to an end.
Minority financial literacy program going national
The Wall Street Wizards, the financial literacy program founded four years ago for minority students in the San Francisco Bay Area, is gearing up to go national.
Program allows kids to get fiscal
William Thomason's world is mysterious — at least to the black and Hispanic high school students entering the financier's Wall Street Wizards Urban Financial Literacy Program.
Reopening of small-cap funds draws financial adviser interest
A large number of small-cap funds have reopened in recent months and are drawing the attention of financial advisers.
Financial advisers, sponsors offered new yardstick for retirement plan fees
A new software service lets employers benchmark 401(k) plan costs.
SMAs continue to win over advisers despite drop in growth
In the midst of a pause in a decade-long growth spurt, the separately managed accounts industry continues to win over independent financial advisers, many of whom are generally wary of the products' complexity.
Advisers remain guarded on catastrophe bonds
As hurricane season approaches, financial advisers continue to look warily upon catastrophe bonds
LPL offers new custody service
The largest IDB will allow RIAs to hold fee-based assets with outside custodians; it's also rolling out its own custody platform for RIAs later this year.
IRA beneficiary designation mistakes
Advisers must distinguish between their ability to provide financial advice and the client’s need for legal counsel.
Custodians target Bear advisers
Attention, registered investment advisers who keep assets at Bear Stearns: The big custodians are out to bag you.
Debit card allows investors to tap 401(k)s
A deteriorating economy and skyrocketing prices for necessities such as gas and heating fuel are driving consumers to…
Investors tap retirement savings to make real estate bets
Where some see devastation and loss, others see opportunity.
Schwab’s largest bond fund still tumbling
The Charles Schwab Corp.'s largest bond fund has lost more than 80% of its assets over the past 10 months as investors have fled the mortgage-backed securities in which it invested heavily.
