Typical family office invests more than a quarter of its clients' assets with hedge funds; share could be even larger
Former registered sales assistant accused of misappropriating $750K from 22 clients in Palo Alto office
If Main Street blames Washington for debt rating and market decline, Congress could feel constituents' wrath
While Securities America looks to find a suitor -- and tries to stop reps from bolting -- other B-Ds are on the prowl for the firm's top producers. The big winner so far? LPL.
A Philadelphia registered investment adviser has agreed to return nearly $11 million for misappropriating funds from clients who were told their money would support socially conscious investments, while it really went to pay the adviser's debts and for other purposes, according to federal regulators
I think I found the model for how opponents of the fiduciary standard hope to render the standard meaningless after financial regulatory reform
Foreign-policy guru says U.S. needs to invest in advanced manufacturing to create jobs; cheap overseas labor not going away
The Fed says it will begin swapping cheap short-term debt for cheap long-term debt, all in a bid to boost the flagging economy. Says one economist: 'It's a modest step.' But the Fed's admission of a potential long-term slowdown has caused <a href=http://www.investmentnews.com/article/20110922/FREE/110929977>a drop in stocks</a> around the world.<br> | <b>Extra</b> <a href=http://edit.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20110805&Category=FREE&ArtNo=805009999&Ref=PH>The latest odds on another recession</a>
Fears of second economic downtown driven by fears, not fundamentals; 'bad things have not happened'
S&P's single-notch lowering of the U.S. sovereign debt rating was seen as a big blow to the Treasury market. Instead, worries about default on government debt has investors clamoring for -- yep -- government debt. The result? In an auction this week, taxpayers saved $647M.
Critics are not happy with S&P's historic lowering of the U.S. credit rating. They claim the decision is based more on politics than finances. And an alleged $2 trillion 'basic math error' in calculating the government's deficit has not exactly boosted confidence in the rating agency's decision.
GOP and Democratic lawmakers skewer plan to apply stricter standard to retirement plan advisers; 'absence of evidence'
A broker-dealer that was a prominent seller of high-risk private placements that wound up going bust has almost wiped the slate clean of costly litigation that could have impaired the firm's financial condition
A broker-dealer that was a prominent seller of high-risk private placements that wound up going bust has almost wiped the slate clean of costly litigation that could have impaired the firm's financial condition.
Envestnet Inc., a turnkey technology and wealth management provider that went public in July, is adding several unified-managed-household features to its platform this week.
Envestnet Asset Management Inc. has signed an agreement to provide a money management platform for Shareholders Service Group Inc., a San Diego-based custodial firm that serves 700 advisers.
Investors Capital Holdings Ltd. has a new set of owners: its employees, advisers, and their clients.
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.
