Every time the debate over the fiduciary standard of client care hits the news, RIAs pick up a few more clients.
The Obama administration, Congress and the SEC need to continue to press forward with their efforts to ensure that brokers are required to act in their clients' undivided best interests at all times
The lack of empirical evidence showing that brokers lead investors into bad investments because they want the commissions from those products is making it a challenge for supporters of a uniform fiduciary duty to convince lawmakers that there is a problem
Claims amicus brief filed by commission supports plaintiffs' argument brokerage propped up auctions; 'unchartered territory'
Morgan Stanley is planning to lay off 2.6% of its workforce, but reps at MSSB are safe. An insider, however, says the brokerage 'won't entirely escape the belt-tightening.'
Neuberger Berman Group has put research analyst Fayad Abbasi on paid leave as it looks into insider-trading
Investors, beware of the financial transactions tax proposed by Sen. Tom Harkin, D-Iowa, and Rep. Peter DeFazio, D-Ore
ING Groep NV will close its registered indexed annuity to new sales Oct. 31 after a little more than a year.
The government is hoping that its upcoming support for lifetime-income solutions such as annuities will encourage companies to add these options to their retirement plans for employees, but some worry that Uncle Sam isn't giving a big-enough push
Index up 6.3% this year, far outstripping S&P 500; 'sweet spot'
Gains in performance -- and cuts in manufacturing costs -- have dramatically lowered the cost of solar energy. In fact, experts say the sun will rival coal as a cheap power source within two years. Says one expert: 'We're very close to grid parity.' Advisers, take note.
But alternative-energy shares getting a boost from renewed fears about atomic energy.
History is on the side of a Santa Claus rally by the stock market at the end of the year, but the bigger issue is what it means for stocks next year if that year-end rally doesn't pan out.
Broker-dealers that sold billions of dollars in allegedly fraudulent private placements failed massively in their due-diligence responsibilities to investors.
President Barack Obama today signed into law a bill that would kill a withholding tax on government contractors even before it was levied for the first time.
Republican lawmakers coming over to the idea that Uncle Sam must raise more revenue to make real impact on deficit; Grover Norquist not thrilled
MF Global's bankruptcy illustrates again that excessive financial leverage is dangerous, that regulators must remain on high alert for dangerous situations and that they must act expeditiously when they perceive that a firm's leverage appears too high
Carriers that have been stalwarts in the variable annuity industry are trying their hand at manufacturing and selling fixed indexed annuities.
In many ways the global economic crisis is like a marriage gone bad.
For those with a long horizon, I am sure well-managed forestry and farmland will outperform the average of all global assets.
