<b>The call for this week:</b> When I entered this business, some 40 years ago, one of my mentors told me to put 20% of my money into Treasury Bills, 20% into stocks, 20% into bonds, 20% into precious metals, and 20% into real estate.
Brokerage executives are slamming the SEC's proposal to allow broker-dealers to set their own sales charges on mutual funds, claiming that it could create problems for both the industry and individual investors.
The call for this week: According to my friends at Bespoke Investment Group, "The first half of the year came to an ugly end this week. The S&P 500 is down more than 8% over the last ten trading days, with down days 9 out of 10 times."
In the markets, you must be flexible. As the old sailor's axiom states – you can't change the direction of the wind, but you can adjust the sails.
Barton Biggs, the hedge fund manager who sold half his equity holdings at the start of July, said today that signs the U.S. economy will avoid a recession spurred him to build the stakes back up.
The Dodd-Frank financial-reform bill has been signed into law by President Barack Obama, for better or worse.
When HighTower Advisors LLC was launched in 2008, its pedigree and promise caught the industry's attention and the interest of a number of highly successful advisers.
HighTower Advisors LLC, a dually-registered firm that has been successful in luring talent from wirehouses, today announced that it is furthering its expansion efforts by hiring two recruiters who will focus on the Midwest and Western regions of the country.
UBS will rebuild its reputation and revenue by marketing the advisory strength of its brokers and minting better products for wealthy investors, according to its new CEO
Elliot Weissbluth calls suit an intimidation tactic designed to deter other advisers from leaving
HighTower Advisors LLC last Tuesday announced that it had snapped up another team of advisers, this time from Morgan Stanley Smith Barney LLC.
After weeks of discussions, UBS AG has announced a reorganization of its wealth management business to help integrate the unit with its financial adviser business.
The dollar touched a level below 86 yen for the first time this year and headed for a third straight monthly loss as a government report showed U.S. economic growth slowed in the second quarter.
Jeffrey Sica spent more than four years plotting his move from Wells Fargo Advisors LLC to independence but stumbled a day before he planned to give notice.
In the two days since the Securities and Exchange Commission formally began seeking comment on establishing a fiduciary duty for retail investment advice, more than 70 individuals have submitted statements ranging from one line to several paragraphs.
The SEC must be expecting a whole lot of opinions on whether the agency should revamp the fiduciary standard: the regulator is supersizing its comment period to cope with what's coming
TD Ameritrade Institutional reported today that it has attracted more breakaway advisers to the firm during the first nine months of its current fiscal year than it did in all of fiscal 2009.
The Financial Industry Regulatory Authority Inc. could oversee registered investment advisers through a separate governance structure, according to Richard Brueckner, a longtime member of the self-regulatory organization's board.
Registered investment advisers are starting to increase compensation levels at their firms — and are also spending more on employee benefits — according to a survey from TD Ameritrade Institutional.
