AIG Advisor Group, continuing to play a game of musical chairs with the executives in charge of its various broker-dealers, has replaced James Cannon with Jeffrey Auld as president and chief executive of both AIG Financial Advisors Inc. of Phoenix and American General Securities Inc. of Houston.
AIG Advisor Group continues to play a game of musical chairs with the heads of its various broker-dealers, this time replacing James Cannon with Jeffrey Auld, who becomes president and chief executive of both AIG Financial Advisors Inc. of Phoenix and American General Securities Inc. of Houston.
A Morningstar platform for advisers will offer a portfolio analysis feature, and E*Assist is offering form generation.
A bill to increase penalties for people who commit securities violations against seniors was introduced in the Senate today.
Boomers, already strapped for cash, stand to lose even more money by caring for their parents, according to Fidelity Investments in Boston.
A Massachusetts securities regulator today sued two units of UBS AG, charging the employees with fraud and dishonest conduct in sales of auction rate securities.
The Senate Banking Committee today unanimously approved three nominees to be members of the Securities and Exchange Commission.
Fidelity's IRA market share is about 13.7% as of the fourth quarter of 2007, up from 12.7%, the previous year, according to Cerulli.
Last week's order that Next Financial Group Inc. stop violating privacy regulations when recruiting brokers upended a key tenet of independent-contractor broker-dealers: that independent representatives — and not broker-dealers — are at the center of the relationship with the clients.
Schwab Performance Technologies of Raleigh, N.C., which acquired Etelligent Consulting Inc. in February, said last week that a revamped version of the Etelligent product is now available on Schwab's PortfolioServices platform.
Salesforce.com Inc is going after the independent adviser market with Salesforce for Wealth Management, a customized, adviser-focused version of its popular customer relationship management application.
Despite criticism by some in the financial services industry, the Securities and Exchange Commission's proposals for reforming the credit rating agencies deserve a grade of B+.
A former UBS AG banker testified against the firm yesterday, claiming it participated in schemes to help hide $20 billion in assets and avoid income tax laws.
Some 21% of participants are now contributing at a lower rate and 4% have stopped altogether, according to Putnam.
Two of the brokerage industry's most prominent wealth managers have dumped their wirehouse broker-dealers, instead opting to become independent registered investment advisers, with more well-known advisers perhaps soon to take the same path.
Despite continued efforts to curtail litigation when brokers change firms, departing reps are still being sued, and some say that recent developments suggest the harassment won't stop anytime soon.
Your Silver Bullet is creating a single standard on which members can base future software projects.
No single vendor dominates the market for financial planning software and advisers are divided fairly evenly on whether they prefer self-hosted applications or applications hosted on the web.
