SEC enforcement officials said Gregory J. Adams and Larry C. Grossman, both of Sovereign International Asset Management, put most of their clients' money into funds controlled by an asset manager who paid them $4.3 million in commissions. They failed to disclose the conflict of interest, the SEC said.
Over 140,000 people registered to attend Dreamforce, a sprawling city-within-a-city that featured high-profile keynote speakers, celebrities, multiple rock bands and a cult-like following of all things enterprise business technology.
Uneven recognition of same-sex marriage will make for a complicated tax year
What's <i>InvestmentNews</i> senior columnist Jeff Benjamin reading this morning? Whether your clients need long-term care insurance, hedge funds loading up on GM stock, Greenspan calls Bitcoin a bubble, JPMorgan confirms cardholders were hacked and Britain gets bullish. Breakfast with Benjamin is served.
A new tax environment means that not all charitable giving vehicles are equal. Find out how you can best reduce your gross income.
Don't celebrate just yet: financial planning pitfalls still abound
“There is a cost of overearning in which some of that money gets paid back to the government in fines,” Sallie Krawcheck said Wednesday at The Year Ahead: 2014, a two-day conference sponsored by Bloomberg in Chicago.
Second gen version of mobile platform on display at Insite conference.
Custodian meets CRM in what could be a boon to simplified onboarding for many advisers.
Retirement planning leaps ahead of investing, tax planning and estate planning as the top area in which couples require financial assistance
Goals-based tech firm will run as a stand-alone company after purchase by private-equity firm.
How to find undervalued stocks in a bull market. Plus, Bitcoin (yes, Bitcoin) gets legit; big investors licking their chops at BofA $8.5B settlement proposal; some good news for Madoff victims; and welcome back cap gain distributions. Curated by <i>InvestmentNews</i> senior columnist Jeff Benjamin.
Banned from industry for stealing funds to invest in company, buy condo and pickup
The company's latest web product to track portfolios joins the efforts of rivals including Jemstep, Betterment and FutureAdvisor
Wall Street continues to intensify its loving gaze on independent B-Ds and the hot alternative investments those firms are selling a ton of: nontraded REITs.
Proposal would boost threshold for registering offerings to $50 million.
After big IPO hit, the bank learns the hard way how not to use social media
During a social media session at the Schwab Impact Conference, online guru Michael Kitces told an audience of advisers and financial industry executives that Facebook hasn't worked as a way to promote business. But perhaps the reason is that most advisers just aren't using it correctly and making excuses not to use it. Here's how to learn how to set up a page that gives you a fighting chance at getting the most out of Facebook.
