American International Group Inc. on Tuesday said it will go ahead with a previously announced pay package for its new CEO Robert Benmosche of $7 million in cash and stock.
Caterpillar Inc.'s announcement that it has reached a tentative settlement over the fees it charged its 401(k) plan participants may be bad news for plan sponsors, their advisers and mutual fund companies.
New targets have surfaced for lawsuits over 401(k) fees: small retirement plans, their investment advisers and service providers.
A government report Thursday on claims for unemployment aid signaled that layoffs are easing and that the economy could be on the verge of posting the first monthly gain in jobs in two years.
If you don't have it figured it out, how will your clients/prospects?
Connecticut Sen. Christopher Dodd, a five-term Democrat whose political stock began falling after the financial meltdown and his failed 2008 presidential bid, has decided not to seek re-election in November, Democratic officials told The Associated Press early Wednesday.
A one-sentence provision buried in the sweeping financial services reform legislation passed by the House this month has once again pitted investment adviser groups against brokerage groups.
<a href=http://www.investmentnews.com/apps/pbcs.dll/section?Category=Topic&keywordid=363&keywordname=The%20Charles%20Schwab%20%26%20Co.%20Inc.>The Charles Schwab Corp.</a> said daily trading volume dropped 27% in November from a year ago. That dropoff will cut into fourth-quarter profits, the retail brokerage said Monday.
The Charles Schwab Corp.'s October survey of active traders showed a marked increase in bullish sentiment from three months earlier, the discount brokerage firm said today.
Securities and Exchange Commission Chairman Mary Schapiro today called for subjecting all securities professionals to the same standards of conduct and licensing requirements.
Life insurance agents' advocacy groups teamed up this month to ask Senate Banking Committee Chairman Christopher Dodd, D-Conn., to reconsider a legislative provision that would require life agents to become registered investment advisers.
Many advisers feel stymied when it comes to adopting social media. But for independent registered investment advisers whose main hurdle has been lack of a low-cost archiving, help is on its way.
Brokers who provide investment advice would no longer be exempt from registering as investment advisers under draft legislation unveiled today by Senate Banking Committee Chairman Christopher Dodd, D-Conn.
The special master for executive compensation under the Troubled Asset Relief Program told a congressional panel last Wednesday that he does not believe American International Group Inc. will repay all the money it has received from the federal government.
Gary Black, former CEO of Janus Capital Group, launched a new money management firm, Black Capital Management, in New York.
The Federal Reserve meets on Tuesday. Stock pickers assume the overnight rate will still be the same on Wednesday.
Moss Adams, in a bid to continue the expansion of its wealth advisory business, has acquired a registered investment advisory firm in San Diego.
Stock index futures are pointing to a lower open on Wall Street as investors refrain from any major moves while they await a stream of economic data.
A federal judge in Florida has refused to dismiss charges of illegal document shredding against two former employees of disgraced financier Allen Stanford.
