Lincoln Trust and Great-West claim the Labor Department's disclosure rules don't go far enough when it comes to fixed general account fees for insurers.
Kenneth Marsh, who pleaded guilty in April to charges he misled investors into paying fees for phony investment advice, should be sentenced leniently in part because he consistently helped clients turn profits, his lawyer said.
Once dismissed as risky business, global investing is suddenly hot as a pistol. The big beneficiary? So far, Franklin Resources, which has seen its assets surge and its stock price soar.
U.S. stocks tumbled, erasing the 2011 gain for the Standard & Poor's 500 Index, after an unexpected drop in consumer spending increased concern that growth in the world's largest economy is faltering.
The political posturing and ominous headlines heading out of Washington in recent weeks forced a lot of financial advisers into damage control in an effort to prevent clients from overreacting. With a deal now reached between party leaders, where do the markets go from here?
A financial adviser for 13 years, Don Bates Jr. seems determined to find a place for himself in Congress
Investors Capital Holdings Ltd., a publicly traded independent broker-dealer that put itself up for sale this month, could be an attractive acquisition for LPL Investment Holdings Inc. and several other large broker-dealers, according to analysts
Ted Charles, founder of Investors Capital Holdings, aims to sell a majority stake in the publicly traded indie B-D
John Thiel is looking to streamline the Merrill Lynch management structure. In doing so, he may be spreading himself too thin | <b>Extra</b> <a href=http://edit.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20110616&Category=FREE&ArtNo=616009999&Ref=PH&Params=Itemnr=5>How does ML rate with clients?</a>
Rewards not great enough to persuade wealth managers to sell investment products to retail banking customers
Call it a signal of distress. Oswald Gruebel, boss of UBS AG, plans on eliminating 5.3% of the bank's workforce. This comes on top of scrapping the Swiss giant's profit targets. Both the wealth management group and wealth management Americas will feel the pinch.
Daily trading volume among 401(k) plan participants soared during the height of Congress' debt-ceiling debate, producing a massive transfer to fixed-income investments from equities, according to Aon Hewitt.
Morgan Stanley (MS), owner of the world's largest retail brokerage, named Charlie Mak president of the firm's international wealth-management unit.
It's taken a while, but Ted Charles finally cashed out his entire stake in Investors Capital, the publicly traded B-D he founded. The real surprise: who he ended up selling to.
Harvard University economics professor Martin Feldstein said the U.S. recovery that began two years ago has been losing steam and there are even odds the economy will slip into recession.
The 2007-2009 recession gouged the world's largest economy more deeply than previously estimated and the recovery lost momentum throughout 2010 before stalling this year, revised figures show, painting a bleaker picture that may raise concern over the outlook for U.S. growth.
Broker-dealers have been engaging in sales practices for structured securities products that hurt retail investors, according to a Securities and Exchange Commission report.
