One of the groups meeting with the SEC during the second phase of its study on fiduciary duty believes that the agency is likely to promulgate a regulation imposing a universal standard of care for retail investment advice.
A growing fog of regulation is blurring the line that separates the compliance responsibilities of broker-dealers from those of their clearing firms.
This year, Skip Schweiss, president of TD Ameritrade Trust Co., took on an additional role as managing director of advocacy and industry issues
Stephen Diggle, co-founder of hedge- fund firm Artradis Fund Management Pte, has set up a company to pool his personal wealth with that of family offices in Asia and invest in assets worldwide.
Envestnet Inc., a Chicago company that provides Web-based services for financial advisers, expects to raise more than $31 million in net proceeds this week in an initial public offering.
Companies look for chief technology officers with experience in outsourcing, shared services
Sanders Morris Harris facing disciplinary action for alleged violations of securities laws; two ex-employees also named
Group's research indicates commission-based accounts most cost-effective; critic dubs study 'a complete and total waste'
Wilmington Trust Corp., the Delaware bank founded by the du Pont family and undermined by souring loans, agreed to sell itself to M&T Bank Corp. for $351 million in stock, or about half its market value last week.
More than six out of ten polled employees say they're having to put off exiting the labor force
But indie B-D reports a hike in revenue and profits for the third quarter; 'solid results'
After Morgan Stanley took control of Smith Barney in May 2009 from Citigroup Inc., David Hopkins grew disillusioned with his new bosses.
Here's a common refrain I've heard from advisers over the past two years: “It is a shame I couldn't better account for the economy in adjusting my clients' portfolios”
The potential for political upheaval on Capitol Hill following the Nov. 2 election has grabbed the attention of many financial interest groups — and has some preparing to change the targets for their advocacy efforts.
The year's best performers are headed for a tumble, while three beaten-down stocks are ready to rebound
Retirement industry leaders today pressed officials from the Labor and Treasury departments to ensure that any future “safe-harbor” rules for annuities in 401(k) plans also include other lifetime-income options.
Wilmington Trust Corp. confirmed today that it has hired Carol Baldwin Moody, the former chief compliance officer at Nationwide Mutual Insurance Co., as its new chief risk officer.
Robert P. Gehring, a 39-year veteran of the commercial banking industry, has taken over as head of the credit risk unit at Wilmington Trust Corp.
While federal agencies conduct scores of studies and write hundreds of regulations implementing the sweeping Dodd-Frank financial-reform law, investment advisers wait with trepidation
