Advisers working in bank branches alleged that the firm misclassified them to avoid paying for time beyond the traditional 40-hour workweek.
A new hierarchy is emerging on the variable annuities scene, as some of the largest sellers announce that their first quarter sales are down or flat. Darla Mercado reports.
David Einhorn, manager of the $10 billion Greenlight Capital Inc., said he found a recent dinner conversation with former Federal Reserve chairman Ben S. Bernanke scary.
As Fed winds down quantitative easing, interest rate hikes will be the next whammy. But there is some good news in rising house prices.
Agency still urges all Americans to create online accounts
After a mostly frigid 2013 for recruiting from wirehouse brokerages, agents responsible for selling those brokers on the benefits of free agency are cautiously optimistic that a thaw has finally set in.
Wall Street's biggest banks say the slump in emerging-market assets that left equities trailing advanced-nation shares by the most since 1998 last year will prove more than a fleeting selloff.
With funding from Lightyear Capital, employees will acquire RidgeWorth at a price of up to $265 million.
It took Michael Piwowar only 34 days to make his presence felt at the SEC while in her initial statements, Kara Stein was low-key. Mr. Piwowar's truculence surprised observers who had expected that his arrival, and that of Ms. Stein, would bring together a previously divided commission. Mark Schoeff Jr. explains.
ETF investors say BlackRock keeps too much of the proceeds from securities-lending business.
Adviser Stephen Besse will be part of the firm's presence in northern California.
Earnings restrictions affect you and your spouse if you are working and collecting benefits, but they disappear at full retirement age.
Firms set to launch actively managed accounts, a move likely to stoke competition.
DoubleLine Capital hired Pacific Investment Management Co.'s Ignacio Sosa as director for a newly created product solutions group as chief executive Jeffrey Gundlach looks to expand outside the U.S.
Strategists are still finding value in equities as the bull ages; more advisers warming to real assets.
A Finra arbitrator who served on Finra panels for almost 15 years was removed after it was discovered that he is not a lawyer. He oversaw more than 40 cases. Were yours among them?
Wirehouse firms are revamping their succession programs with higher payouts and lower barriers to entry for advisers who are preparing to retire. The efforts are aimed at competing with independent firms that hold a reputation for the highest payouts.
Focus on the positives, but be ready to discuss the details.
If approved, the Finra rule would require brokers who receive more than $100,000 in incentive compensation to notify clients in writing; some say it could chill recruitment.
