The Investment Adviser Association supports the Obama's administration's efforts to ban mandatory arbitration clauses in securities contracts.
Financial advisers who have made outstanding charitable contributions to their communities were honored by more than 450 executives from 60 financial organizations at the third annual Community Leadership Awards last night at the Hilton New York.
“Cash for everything” government stimulus programs will help the economy look better through the end of the year, but the positive numbers won't hold up through the first quarter of 2010, according to economist Marci Rossell.
There are more positives than negatives in the current economy, but the negatives should not be overlooked, Liz Ann Sonders said today speaking at an Investment Management Consultants Association conference in Atlanta.
The Securities and Exchange Commission would be expected to define a fiduciary standard that would be applied to brokers and investment advisers, according to draft legislation released this afternoon by House Capital Markets Subcommittee Chairman Paul Kanjorski, (D-Penn.).
In a lawsuit filed today, State Attorney General Richard Blumenthal says the two companies knowingly assigned false ratings to securities tied to subprime mortgages.
Fidelity Investments has hired David Canter, a lawyer who spent more than eight years at competitor Charles Schwab & Co. Inc., for a newly created position as chief operating officer of its investor wealth services unit.
Investors who lost a chunk of their retirement savings in the market downturn last year are obviously concerned about their futures — but so are investors who escaped the downturn unscathed, according to a report released yesterday by Financial Research Corp.
In what looks like the end of a long-simmering dispute, Finra orders two members of a team terminated by Merrill Lynch to pay the brokerage $3.5 million
A prominent wirehouse rep and his Hawaii-based team — <a href= http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20090929/FREE/909299980&ht=choy>who rather suddenly left</a> Merrill Lynch & Co. Inc. in September — have formed a new advisory firm.
The majority of investors who work with advisers are not aware that income limits associated with the conversion of a traditional IRA to a Roth IRA will be lifted in January, according to a survey conducted by Fidelity Investments.
Four senior citizens in Florida who were scammed into purchasing “inappropriate” equity indexed deferred annuities have had a combined $1.2 million returned to them by the state's chief financial officer, Alex Sink, according a statement from Florida's Department of Financial Services.
Back in May, we introduced you to <a href="//www.investmentnews.com/apps/pbcs.dll/article?AID=/20090501/REG/905019982&ht=SimpliFi"" target="”_blank”" rel="noopener noreferrer">Sophie</a>, SimpliFi's free virtual financial planner. Well, Sophie's grown up since then. As of today, she's gotten a lot more sophisticated, at least for the customers of financial institutions such as credit unions and banks that provide SimpliFi LLC's Planning Service Plus to their customers.
Energy continues to be the theme for Jerry Jordan, manager of the $110 million Jordan Opportunity Fund <a href=http://www.investmentnews.com/apps/pbcs.dll/section?q=jordx&INDA=1&crit=&SearchCategory=CHART%3BREG%3BFREE%3BSUB&SearchProfile=1119&symbol=&targetURL=http%3A%2F%2Fwww.investmentnews.com%2Fapps%2Fpbcs.dll%2Fsection%3Fcategory%3Dstocklookup&category=ETFLOOKUP&searchType=etf>(JORDX)</a>.
Investors are just not sure where the economy is headed. And so the stock market may be in limbo for a while.
Broker-dealers and registered reps should not bear the burden of increased fees from Finra after the regulator's “failure to properly prepare for the inevitable market downturn,” according to a notice sent to broker-dealers last week from the Financial Services Institute.
The insurance industry predicts a new boom in variable annuities as tax deferral takes the spotlight in the near future, but financial advisers and broker-dealers aren't convinced that this will help products fly off the shelves again.
Another key executive with the ING Advisors Network Inc. has stepped down, as the network's parent, ING Groep NV, continues an evaluation of the broker-dealers that could lead to their sale.
Buddy Rogers, who officially tossed his hat into the ring last week for a U.S. Senate seat in Arkansas, thinks that there is one important constituency that need a stronger voice in Congress right now: the financial advisory community.
Registered investment advisers last year reduced their asset management fees to the lowest level in 10 years, according to Rydex/SGI's annual Advisor Benchmarking Study.
