More than 90% of investors surveyed believe that the same investor protection rules should apply to both stockbrokers and financial planners when they offer the same kind of investment advice services, according to a new study.
The Vanguard Group Inc. today said it plans to simplify its account fees, and will also offer ways for investors to avoid them entirely.
Jefferies & Company Inc. today announced the appointment of Edward J. Craig as managing director and head of U.S. Cash Equities Trading.
Janus Capital Group Inc. today announced its profits rose 1% and its revenues increased 7% in the first quarter.
Franklin Resources Inc.’s second-quarter profits more than doubled due to more inflow into its funds and higher earnings from its investments, the San Mateo, Calif.-based asset manager announced today.
T. Rowe Price Group today announced that its first-quarter earnings rose 22% and that its assets under management reached a new record.
Merrill Lynch & Co. Inc. today announced that it will buy a nearly $3 billion stake in Resona Holdings Inc., Japan's fourth-largest bank, according to published reports.
Financial service professionals who provide portfolio management, asset allocation and financial advice should be regulated as investment advisers, six organizations said in a letter to Securities and Exchange Commission Chairman Christopher Cox.
Morgan Stanley’s Global Wealth Management Group has announced it will pay at least $46 million to settle a class action filed by eight current and former female financial advisers and registered trainees.
National Planning Holdings Inc., the nation’s seventh largest independent-contractor broker-dealer network, today posted record revenues of more than $135 million during the first quarter, an increase of 13.5% from the same time last year.
The U.S. Department of Labor is seeking comments about fee disclosure for 401(k) plans and other defined contribution plans.
Legg Mason Inc. today said James W. Hirschmann III has decided to relinquish his responsibilities as president and chief operating officer at the Baltimore-based money management firm.
JP Morgan Chase & Co. said it has launched JPMorgan Entertainment Advisors to provide financial and strategic advice, services and products to clients in the entertainment and media businesses.
Morgan Stanley chief economist Stephen Roach, who has predicted that China will surpass the U.S. as the world's leading economy, was tapped to become the firm’s chairman of Asia operations.
JP Morgan Chase & Co. has tapped Joe Jiampietro, a former UBS AG managing director in the financial institutions and governments team, making him the latest to leave the Zurich-based bank.
Bear Stearns is planning a large-scale expansion in Europe and Asia, reported the Financial Times.
Health savings accounts are more than four times more popular with employers in a swath of Wisconsin than in the United States as a whole
Instinet Group Inc., a global agency broker, has announced the expansion of its BrokerShare commission sharing arrangement program to include non broker-dealers.
The Financial Planning Association is hoping that the U.S. Court of Appeals ruling overturning the broker-dealer exemption rule will jump-start the trade group’s initiative to reach out to large financial services firms.
Critics of short-selling practices they deem abusive are up in arms over what they say is continued inaction by the Securities and Exchange Commission.
