Dan Fuss is steering clear of Treasuries. That may be smart: The rise in interest rates over the past five days threatens holders of longterm notes.
In a surprising move, Rep. Spencer Bachus put his controversial adviser SRO bill on indefinite hold, stating no oversight measure will get out of committee without bipartisan support. That could take some time.
Bank is losing ground to competitors such as Bank of America, Wells Fargo and Morgan Stanley
The race for the presidency may be a real squeaker. But when it comes to attracting donations from investment advisory firms and wirehouses, Mitt Romney is winning in a landslide.
Ladenburg Thalmann Financial Services Inc., which owns three sizable independent broker-dealers, stands to benefit from long term trends such as the increase in the number of Baby Boomers retiring and advisers leaving large financial institutions
Bank of America Merrill Lynch has named a new head of its Alternative Investments Group, as demand from its advisers for alternatives is expected to double assets over the next three to five years. Keith Glenfield, former chief operating officer of Global Wealth & Retirement Solutions, started in the new role this week.
Concern that inflation will “runaway” at 4% to 5% over the next year and then Fed will have to step in to control prices
Pru to pay $615 million in cash for 700,000 life insurance contracts
Massachusetts has filed a complaint against a midsize adviser for allegedly misstating assets under management.
