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.
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
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
Few historians, market participants or former regulators say they expect the current financial reform bill to put an end to financial crises
The number of U.S. stocks in Berkshire's $51 billion stock portfolio slipped to 33 as of March 31, compared with 39 a year earlier and 37 in 2008. Here are some of the notable reductions —and eliminations— Berkshire's portfolio.
Congress is poised to boost significantly funding for the Securities and Exchange Commission so that the agency can fulfill scores of new financial-regulatory-reform responsibilities.
Securities and Exchange Commission Chairman Mary Schapiro told a congressional panel last Tuesday that the SEC is poised to take on the scores of directives mandated by the financial-reform bill that President Barack Obama signed into law on Wednesday.
Envestnet, a Chicago company that provides Web-based services for financial advisers, filed for an initial public offering of stock worth up to $100 million Friday.
The Securities and Exchange Commission's adoption last week of new customer disclosure rules was overshadowed by the agency's plan to revamp mutual fund sales charges, but it will have a more immediate impact on investment advisers.
Recruited from Charles Schwab Corp., Mr. Goldman will be leaving Fidelity after just one year.
Ex-Wachovia employee sold banking product that didn't exist, pocketed the money, bought zebras, helicopter; sentenced to seven years in jail
Netschi bilked clients out of $80M; Wall Street banker who lost $4M now waiting tables
Steven Salutric allegedly stole from his clients and gave to his church; barred 'from association with any investment adviser'
Agency claims investment adviser pitched funds as 'immensely' diversifed; turns out they weren't, agency alleges
SEC says Sandra Venetis targeted retirees in long-running fraud; allegedly used money for trips, gambling
CRM Software Inc. has released significant updates to both its popular CRM system and its separate ClientView Live secure web portal.
