Next year, the wirehouse will increase expense accounts and other incentives to help advisers attract clients with the most money to invest.
The New York-based trio works with more than 2,000 clients and plans to grow
Few follow Warren Buffett's maxim — “Put all of your eggs in one basket and then watch that basket” — as diligently as Scott Moore. A high concentration of stocks should make investing more volatile but since he's beating the market handily.
Turned $100,000 in seed money in 1958 into the $141 billion money management powerhouse.
Rising rates and a steeper yield curve mean the economy is stronger, but too much of that too quickly raises the risk of another stall. Jeff Benjamin on what the Fed must do.
Berkshire's second-quarter profit climbs 45 percent.
After five years of net acquisitions, Legg Mason hired Thomas Hoops from Wells Fargo & Co. to head business development as the firm seeks to expand its products and make acquisitions.
This year's biggest business blunders, plus other must-reads from wealth manager and CNBC commentator Josh Brown
Former SAC Capital Advisors LP portfolio manager Mathew Martoma asked a judge to force the government to turn over evidence that he says can help him beat insider trading charges as his case goes to trial next month.
"Get out while the getting is still good," says Asset Dedication's Brent Burns.
Mary Mack, Wells Fargo & Co.'s new brokerage chief, plans to put more retail clients into managed accounts as the largest U.S. firms nudge advisers away from picking individual stocks.
Sen. Ed Markey, who wrote the legislation that led to the creation of BrokerCheck, is calling for stricter regulator enforcement for <a href="http://www.investmentnews.com/article/20131024/FREE/131029933">brokers who violate securities rules</a> and continue to practice.
Brokers who are the subject of investor arbitration cases can clear their record of any wrongdoing too easily, lawyers say. Research finds that records were erased in 97% of cases settled from May '09 through Dec. '11.
Market performance, money flows push Wells Fargo Advisors' assets to record.
Individuals are taking a cue from corporations in moving assets to other states, but will regulators clamp down?
Scorsese film celebrates frat-party side of investment-advice world.
Mary Beth Franklin passed the Certified Financial Planner Board of Standards Inc.'s certification exam. But unfortunately, you can't call her a certified financial planner — and probably never will.
Plus: Asian markets are charging, hitting a year-end financial high note, how to use bond ETFs, Amex gets stung, and apps for getting fit. Check out Breakfast with Benjamin.
Money manager said to seek $3 billion for new credit hedge fund.
San Diego adviser allegedly steered winning trades to favored clients and lied about how money was spent.
