In a bid to prune low-producers from its ranks, Morgan Stanley Smith Barney is laying off up to 300 advisers in the first quarter of the year.
Wells Fargo & Co. may expand by taking over non-bank companies, including wealth-management or insurance businesses, chief executive officer John Stumpf said.
According to a <a href=http://online.wsj.com/article/BT-CO-20110307-711582.html>report this afternoon from Dow Jones, executives at Morgan Stanley are weighing a name change at the industry's largest retail brokerage operation.
The spread of political turmoil to Libya will add “stagflationary winds” to the global economy, according to Mohamed El-Erian, chief executive officer at Pacific Investment Management Co.
Registered rep and financial planner Bill Carter was sitting in his office with two clients when he noticed the sound of ambulance sirens drawing closer.
Wilmington Trust Co., the Delaware bank founded by the du Pont family and being bought by M&T Bank Corp., sued three former company vice presidents who defected to Citigroup Inc., allegedly with proprietary data.
Mounting worries about state and local governments' growing budget deficits have transformed the municipal bond market from a sleepy safe haven for conservative investors into a rowdy roadhouse for intrepid investors
Institutional investors are beginning to incorporate climate change risk factors into their asset allocation processes, and leading funds are contemplating a bevy of environmentally friendly investments
The Financial Industry Regulatory Authority Inc. won't be taking enforcement action against The Charles Schwab Corp. for the sale of auction rate securities
Nouriel Roubini, one of the few people to predict the collapse of 2008, long ago morphed from respected economist to global celebrity
Guggenheim Partners LLC is in talks about combining its former Claymore Group Inc. exchange-traded-fund business with its Rydex SGI business, according to people familiar with the situation
Insurance brokers don't have to disclose incentive arrangements with insurers that were entered into before New York state's disclosure regulation took effect Jan. 1, the New York Court of Appeals has ruled
Sallie Krawcheck, head of Bank of America Corp.'s wealth management division, sternly told Merrill Lynch financial advisers that a new “garden leave” policy doesn't apply to them, despite recent speculation
Who are the RIA Giants? Which firms were the fastest-growing? Find out in the latest edition of the <i>InvestmentNews</i> Top RIA Rankings.
Does providing a list of options constitute advice?
Advisers have mixed feelings about volatility dampener; 'really restrictive'
Western & Southern Financial Group Inc.'s decision to base its variable annuity investment options on exchange-traded funds is a positive for the insurer, allowing it to better manage market risk tied to the products, according to Moody's Investors Service
