As Securities America Inc. deals with the sting of losing one of its biggest advisers, the independent broker-dealer continues to tighten its compliance practices and procedures.
The prospect of 2 million homeowners seeing their mortgage rates jump over the next two years as adjustable-rate mortgages reset, possibly triggering hundreds of thousands of foreclosures, has forced the government, lenders and the mortgage-servicing companies to focus on the problem.
More children could be trapped by the dreaded "kiddie tax" this year.
Building wealth beyond dollars for clients is more challenging and gratifying than peppering their holdings with the latest hot stock pick or designing a soundly diversified portfolio.
Consumer sentiment stabilized in November after a steep decline in October, according to the RBC CASH Index.
Two organizations want insurers to have the option of being regulated federally or by the states.
The economy added 94,000 jobs in November, according to a Department of Labor report.
Billionaire Joseph Lewis has raised his stake in Bear Stearns to 8.01%, according to a filing with the SEC.
The Senate approved a bill that would prevent 19 million middle-class taxpayers from paying the AMT this year.
Schwab Charitable Fund has reduced the minimum donation to open a charitable gift account from $10,000 to $5,000.
Merrill's new CEO will receive 46,304 shares of restricted stock that will vest over the next three years.
The Bank of America report identifies 12 donor types and how they go about giving away their money.
The European Central Bank held its key interest rate at 4%, while The Bank of England cut interest by a quarter-point.
The figure comes in much higher than market expectations and the biggest monthly increase in a year.
The Spectrem Millionaire Investor Index fell 11 points in November to a reading of 3.
A report from UCLA says the U.S. will escape recession in 2008, but most polled by Bloomberg aren't buying it.
Sandy Praeger was voted in as the Kansas City, Mo.-based association's new president.
Daniel Glaser, currently managing director of AIG’s European arm, will start Dec. 10, filling the position vacated in August by Brain Storms.
An insurance policy that provides an income guarantee to holders of a unified managed account at Lockwood is in registration at the Securities and Exchange Commission.
Dennis Slusarski, Mr. Blumenthal’s predecessor, will assist through the leadership transition.
