Securities America reported an ugly $115 million loss in the first quarter, which may not seem overly appealing to potential buyers. Then again, most of the red ink was due to litigation costs. And with the B-D's legal troubles seemingly behind it, the brokerage could be poised for better days.
Gas isn't the only thing that is getting more expensive. eying
Revenues up, net new assets up, custody business up. It's hard to find much that went wrong for the discount brokerage in the first quarter of the year.
A Fidelity survey finds advisers and brokers are still striking out on their own. And they're taking more and more of their assets with them when they leave.
Got an investment hunch? Fight the urge, says DFA's Bosworth
Matthew McLennan (middle), portfolio manager at First Eagle Funds, and David J. Winters (right), manager of the Wintergreen Fund, sit down with WealthTrack's Consuelo Mack (left) at the Retirement Income Summit today in Chicago.
Davies latest in a series of of top execs who've left the financial firm since CEO change in 2008
In a recent case (Cajun Industries LLC v. Robert Kidder, et al.), the court ruled that despite having previously named his three children as beneficiaries of his 401(k) plan, a deceased plan participant's 401(k) balance will pass to his new wife
Jamey Delaplane, partner at law firm Davis & Harman LLP, warned advisers in attendance at the <i>InvestmentNews</i> Retirement Income Summit that IRAs are likely to come under increased regulatory scrutiny.
California today announced a settlement with John Hancock Financial Services Inc. after an investigation revealed that the carrier failed to deliver deceased clients' death benefits promptly to the tune or $20 million. Similar cases are ongoing in Florida, too.
Class-action litigants, B-D finally sign off on deal over soured Reg D offerings; agreement to be filed with judge 'within the week'
After a surge in variable annuity sales last year, financial advisers are curious about just how much more business the largest sellers can handle without biting off more than they can hedge
BofA, JPMorgan and Wells looking to horn in on retirement plan biz; could be good news for employees
The B-D's finance chief says the brokerage, part of Ameriprise, could be on the brink -- if a judge fails to approve a class-action settlement over failed private placements
Soaring premiums on long-term-care insurance have seniors and advisers up in arms. Some believe new hybrid products may provide better protection and more flexibility.
A Colorado college savings plan gets top mark for 2010; rated No.1 for the past five quarters
Dr. Doom sees global economic growth stalling; corporate results will disappoint, he predicts
Barton Biggs, Laszlo Birinyi and a host of other investment gurus see no end to the current bull market The reason? Take a look at corporate balance sheets.
Dahlman Rose's Rauscher predicts benchmark index will finish year close to 1,500 mark; weak dollar, corporate profits cited
