Donald Marron's private equity shop in deal for majority stake in Wealth Enhancement Group, a firm that handles $4.7 billion in client assets.
After having no plans to sell, the Lightyear Capital executive found an offer too good to pass up.
Advised investors underperformed self-directed ones in 2013, new research shows
Brokerage firm set aside $1.2B in fourth quarter for litigation, misses return on equity goal.
The best way avoid a split is to have a longer "courtship."
Brokers' pay rises on higher transaction revenue and asset-based fees.
Every day with no rule puts investors at risk, commission member says.
CEO Laurence D. Fink said BlackRock has the potential to increase its asset base by about 5% annually by developing new ETFs and expanding its reach among individual investors.
New York State Supreme Court justice reversed a Finra panel's decision in favor of an investor.
Today's Breakfast with Benjamin features BlackRock's settlement with the N.Y. attorney general. Plus: Stock futures looking up, activist hedge funds rock, a look at 4Q earnings, the myth of cybersecurity, retirement mistakes to avoid and the upside of office relationships.
Annual list of priorities has old favorites as well as some new areas of concern.
After pulling back from the hot nontraded-REIT market this year, former REIT kingpin Leo Wells is closing his broker-dealer as the industry continues to shrink. Bruce Kelly has the story.
Trading in shares of National Holdings Corp. has surged, and the stock price has rallied sharply, leading some industry observers to wonder if an acquisition might be imminent.
Acquisition from MetLife added 800 advisers, more than $25B in assets.
Contrafund manager tops S&P 500 (and his peers) over just about every time period.
Exam chief Jane Jarcho gives tips on what advisers can expect.
Why one investment manager says a correction is inevitable
