Ed May sentenced to 16 years; scheme lasted 10, cost investors nearly $50M
Large-cap index broke through crucial 1,120 support level Monday; next floor down, 1,010
Fund firm aims for consistency in peddling life cycle funds; passive management means lower costs
Claim employer put retirement assets in proprietary funds that incurred $20M in excess costs
Redemptions at American Funds is on the rise -- for the fourth straight year. And in August, its standard-bearer Growth Fund of America finally lost its place as the largest mutual fund in the U.S. To stem the tide, the fund firm is actively reaching out to advisers. | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Avis=CI&Dato=20110927&Kategori=FREE&Lopenr=927009999&Ref=PH>The fund firms advisers are most loyal to</a>
Financial advisers often equate technology with progress. And while it can be one of the major keys to unlocking profitability, it also can be responsible for strangling and stifling your firm.
The slowdown in the world economy has accelerated the timing and likelihood of a new global financial crisis, gloom-and-doom economist Nouriel Roubini said last week
MetLife Inc., the largest U.S. life insurer, regained the top spot in variable-annuity sales in the first half of the year, leading a group of five firms expanding their dominance in the industry.
Bank of America Corp., the biggest U.S. bank - and the financial stock hit harder than any other this year - said Warren Buffett's Berkshire Hathaway Inc. will invest $5 billion in the company. The news had shares of BofA up 20% in early morning trading.
Federal Reserve Chairman Ben S. Bernanke tomorrow may disappoint stock investors betting on a commitment to step up stimulus. He has little choice, given rising consumer prices and a U.S. economy that is still growing.
Warren E. Buffett's Berkshire Hathaway Inc. has increased its stake in Wells Fargo & Co. (WFC), building equity holdings amid a market decline that the billionaire investor said provided an opportunity for buying stocks “on sale”
Average net worth of white households at $113K; number closer to $6K for black households
The MDE Group Inc., a $1.3 billion institutional wealth management firm, is making an official expansion into the registered investment adviser business with the launch of Risk 3.0 Asset Management
Market volatility derails tie-ups; 'buyers and sellers backing off'
Deal gives smaller firm foot into university employee market
National consolidators, PE firms leading the charge; fourth quarter deals already hopping
Agency to begin collecting data on municipal bonds from MSRB; has authority to nix tax break
Draw your own conclusion, but high-profile RIA Edelman Financial is bailing on the indie-rep business. In explaining the move, co-founder Ric Edelman called the indie B-D channel 'severely flawed,' adding that many broker-dealers will have trouble surviving.<br><b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20110923&Category=FREE&ArtNo=923009998&Ref=PH>What top RIA execs make</a>
More Wall Street finance professionals expect bonuses to fall than rise over the next three years, according to an eFinancialCareers.com survey.
Fifth deal for form this year
