Insurance regulators are joining the attack on investment fraud that targets older Americans.
The escalating battle between A.G. Edwards & Sons Inc. and Stifel Financial Corp. is now in the courts.
The municipal bond market is recovering after a period of extreme turmoil last month during which buyers disappeared and trading froze up. Despite a strong rally since then, observers say, some longer-term municipal bonds still offer yields almost equal to taxable paper — an extremely rare event — and remain attractive buys.
Compensation for financial advisers continues to skyrocket, and the profession will become even more lucrative, according to a study released last week.
With the cost of credit rising, companies struggling to raise cash in either the debt or equity markets have been increasingly looking for alternative financing through private investments in public equity, also known as PIPEs, turbocharging an already booming market.
Given the voracious appetite of broker-dealers, there simply aren’t enough big-producing brokers available for recruitment, according to a new industry report.
With the help of financial advisers, baby boomers are putting more money into donor-advised funds.
Investors and financial advisers should take the Federal Reserve Board’s monetary policy into account when making portfolio allocation decisions, according to a new academic study.
A generation gap between younger and older financial advisers is widening around the issue of career growth for those who are newer to the profession, observers say.
Securities and Exchange Commission officials are drafting a document that defines suitability as it relates to the sale of securities. “The document is an extensive and comprehensive view of securities and case law in this area,” including some useful examples, Erik Sirri, director of market regulation, said at the SEC’s second annual Seniors Summit.
Variable annuities, once the misunderstood child of the financial planning industry, are finding a new place in advisers’ hearts now that distributors are guiding them through the products’ complexities.
Merrill Lynch has adjusted the value of some investments suffering from the subprime-mortgage market.
Craig A. Merdian has joined New York Life International as executive vice president and CFO.
The SEC is likely to adopt a temporary rule that will let fee-based brokers continue to make principal trades.
RIA firms grew assets by 15% last year, and revenues by 18%, according to a study released today.
With a recently passed law, the Department of Defense has declared war on bogus financial advisers.
TD Ameritrade began sending apology letters to most of its clients after a hacker stole vital information.
Pacific Life Insurance has cut ties with United Planners’ Financial Services of America.
Individual annuity sales increased 6% in the second quarter to a record of $66.5 billion over the same period in 2006.
Richard M. Reilly, Michael Gilotti and Mathew Greenwald were honored and six new board members were added.
