The largest brokerage has seen its assets swell, while reps' productivity has soared. Those reps that are not producing? MSSB still plans to do some pruning.
Apparently, $4M isn't what it used to be. When asked how much they'd need in investable assets to consider themselves wealthy, millionaires came back with a hefty number.
Reluctant to entrust their financial assets to any one financial adviser, the nation's top tier of investors is spreading its wealth. In fact, new research shows that well over half of wealthy clients now work with at least five advisers.
A mediation session to resolve hundreds of millions of dollars of investor claims against Securities America Inc. failed to yield a settlement last week, as the firm's 1,800 reps and advisers continue to speculate on whether the firm will survive.
Persuades judge in civil trial to move him from prison cell to house arrest; 'wreck of a man'
Government studies show employees, bosses often unaware of practice; does it boost returns or not?
Francisco Illarramendi, a hedge fund manager in Connecticut, pleaded guilty to fraud and two other men were charged with conspiracy in a U.S. probe of an alleged Ponzi scheme with potential investor and creditor losses of hundreds of millions of dollars, prosecutors said.
Service providers have an additional six months to prepare for plan fee disclosure regulations, and from the looks of it, broker-dealers are going to need all that time to make sure they're up to snuff.
Employees' 401(k) account balances in the equities markets in 2010 continued to climb and were higher than they were before the markets fell, according to a recent analysis
Putnam Investments chief Robert Reynolds came to Washington on Wednesday to urge Congress to save Social Security — just not in the way Wall Street executives usually recommend.
Putnam Investments has tapped former executives from John Hancock Financial Services Inc. and Fidelity Investments to help it expand its defined contribution business.
Japan's Nikkei 225 has fallen 12% since an earthquake ripped the country on March 11. U.S. investors should consider buying ADRs of Japanese stocks.
NASAA says ruling will have chilling effect on securities enforcement
Events in Japan have fraudsters pulling increasing number of Forex scams
This may come as no surprise to reps, but a report released this week said the Commission needs to dramatically beef up its oversight of Finra.
The SEC finally released its much-trumpeted report on the best way to oversee the advisory industry. And in the end, the commission couldn't agree on a single course of action. <a href=http://www.investmentnews.com/article/20110116/REG/301169998> (Watch INTV for views on the fiduciary standard and creation of an SRO.)</a>
The Senate Special Committee on Aging and the Government Accountability Office have called upon the Labor Department to give employers guidance on securities-lending activities that are taking place within retirement plans
As the markets continue to recover, it is time to take a fresh look at investment risk
A Rhode Island man was convicted last week of mail fraud and money laundering after creating a fictitious friendship with Fidelity Investments chairman Edward “Ned” Johnson III as a way to bilk investors
