America's financial regulatory system must be overhauled to strengthen oversight of banks, mutual funds and large financial institutions, Federal Reserve Chairman Ben Bernanke said Tuesday.
Unless an investor had held an investment for more than a decade, they lost money in last year’s market collapse, according to a study released today by Dalbar Inc.
Advisers need to familiarize themselves social networking websites, as younger individuals are poised to inherit a significant amount of wealth, said Microsoft exec Craig Saint Amour.
Locke Capital Management Inc. and its chief executive, Leila Jenkins, lied repeatedly to customers by inventing clients who supposedly lived in Switzerland and had more than $1 billion in assets, the SEC charged today.
Stifel Financial Corp. said Monday it plans to buy back all auction rate securities held by its retail investors, who bought them prior to the collapse of the ARS market in February 2008.
President Obama's proposed budget for the 2010 fiscal year and projections for the next 10 years provide a clear road map for financial planners and investment advisers.
Since the market has devastated portfolios, many investors find themselves with substantial capital losses.
Investors' voracious appetite for gold has started to skew valuations of the asset, leaving some advisers and money managers at odds over how best to use it in a portfolio.
A prominent group of registered investment advisers, angered by Charles Schwab & Co. Inc.'s recent decision to stop accepting custody of alternative investments, are threatening to move other assets from the San Francisco-based company.
Sales of fixed annuities climbed to $107 billion last year, up 60% from 2007, according to the Beacon Research Fixed Annuity Premium Study.
Fiserv Inc. served as custodian for the self-directed IRAs of about 800 people who invested with Bernard Madoff.
Consumer borrowing rose unexpectedly in January after three months of declines.
Insurers’ delay in paying out claims was the most common complaint from consumers last year, according to the National Association of Insurance Commissioners.
Ameriprise Financial Services Inc. is among the four suitors expected to put in a bid for American International Group Inc.’s broker-dealer businesses by the end of the month, according to The Deal.
The Financial Industry Regulatory Authority Inc. has created the Office of the Whistleblower to expedite the review of “high-risk” tips.
The majority of executives at middle-market firms expect the financial crisis will bottom out within the next year, according to a survey released today by CIT Group.
Captrust Financial Advisors of Raleigh, N.C., has lured Mark A. Davis, a 17-year-veteran of the retirement industry, to anchor the firm’s first West Coast office.
The Phoenix Cos. Inc. said that it overstated its 2008 losses by $46 million as a result of an error in accounting for income taxes.
House Financial Services Committee Chairman Barney Frank called yesterday for creating an optional federal charter for life insurance companies.
