Pursuit Partners sued the wirehouse in 2008, accusing it of selling it $40.5 million of collateralized debt obligations that some of the bank's employees referred to as “vomit” and “crap” in e-mails.
Premiums have been rising twice as fast as Social Security COLAs.
Background makes Arkansas legislator, no fan of DOL fiduciary proposal, a go-to source on financial services issues.
It is an estate-planning tool through which a parent's or grandparent's assets can pass on to future generations without being subject to gift, estate or generation-skipping transfer taxes.
Given long waits on the phone or for in-person appointments, online applications could be the best way to go.
The fifth annual conference for personal finance bloggers included a new adviser track. Here are the highlights.
Regulator says Finra and MSRB should issue rules 'requiring the disclosure of mark-ups and mark-downs.'
Advisers, this is why it's better to err on the side of caution — even if your firm's login and password-recovery processes are annoying.
Lower income, less savings, higher health costs and longer life expectancy contribute to the disparity, but anecdotal and statistical evidence point to a shrinking margin.
An attempt to get Democratic buy-in on legislation that would force the DOL to hold off on finalizing its rule until the SEC acts died on the vine at a House hearing.
Two House subcommittees will hold a joint hearing Thursday focusing in part on a bill written by Rep. Ann Wagner to thwart efforts to raise investment advice standards for retirement accounts.
Lower income, less savings, higher health costs and longer life expectancy contribute to the disparity, but anecdotal and statistical evidence point to a shrinking margin.
Successful advisers need to do a cost-benefit analysis of an automated investment platform and, if they do launch one, invest sufficient resources to drive adoption of it .
Robos will be impacted by market dips, and a select few will rise from the ashes
Compliance could be costly, especially for small advisory firms.
Contributions from investment advisers, however, slow down.
BlackRock says rule favors index funds, Vanguard finds 'serious problems' and Fidelity wants proposal simplified.
Experts weigh in with best practices retirement plan advisers should make sure they have in place given pending industry shifts
<i>Breakfast with Benjamin</i>: William Dudley, president of the New York Fed, says delaying a rate hike until 2016 'will be awkward.'
Married brokers claim they were retaliated against after reporting alleged illegal sales tactics at the firm's midtown Manhattan office.
