An unprecedented number of pharmaceutical drugs will lose their patent protection in the next few years, a transition that sets the stage for a host of investment opportunities — and potential pitfalls.
Broker-dealers are in favor of several proxy proposals that urge the Financial Industry Regulatory Authority Inc. to become more transparent, but they doubt Finra will implement any of the ideas even if a majority of members approve them.
Merrill Lynch has nearly 3,000 fewer financial advisers than Morgan Stanley Smith Barney. That didn't stop Sallie Krawcheck's crew from generating a much larger profit than MSSB in the first half of the year.
Soltis Investment Advisors is consolidator's 10th deal
Star slugger's sign in left field replaced by ad for insurer
The tide is high, as house sales in the Hamptons surge; plowing market profits 'into real estate'
Tea Party members are mad as hell and they're not going to take it anymore -- an attitude that just might spark a second-half rebound in stocks prices, say money managers. Here's how.
Amid the rather lackluster financial results announced today by the Charles Schwab Corp., the company's RIA custody business continues to shine.
UBS Financial Services Inc. said it hired Thomas G. McLoughlin, former chief executive officer of National Public Finance Guarantee Corp., as head of municipal bond research for its Wealth Management Americas unit.
We expect the economy and markets will stay on the course for growth in 2010.
UBS Wealth Management Americas said it will offer clients in its separately managed account program asset allocation ideas from Richard Bernstein Capital Management LLC, a registered investment adviser, whose eponymous founder was formerly Merrill Lynch & Co. Inc.'s chief investment strategist.
The St. James strategy, which has generated a 10% average annualized return since its 1999 inception, is built on identifying the fair value of less than two dozen stocks.
Bank of America Corp. and Wells Fargo are pushing their customers to buy more brokerage, savings and banking services from them as the weak economy and new regulations make it harder to earn money from loans and investment banking.
Bank of America Corp. is re-branding its online-discount-brokerage platform under the Merrill Lynch imprint in an attempt to attract young investors, and reclaim assets of Merrill clients who keep self-directed brokerage accounts at rivals such as Charles Schwab & Co. Inc. and TD Ameritrade Holding Corp.
Although retention bonuses and deferred-payment recruiting packages have locked many top-producing brokers in place at wirehouses, a substantial number are still looking to break free.
Pres. Obama's signature on the financial reform bill is barely dry. But Democrats and Republicans are already hustling to shape voters' opinions on the Dodd-Frank bill.
American Insurance Group Inc. and some of its directors and officers have agreed to a $725 million settlement to resolve allegations of wide-ranging fraud laid out in a class action suit led by three Ohio pension funds.
JPMorgan Chase & Co. said Thursday its second-quarter net income soared 77 percent to $4.8 billion as a slowdown in losses from failed loans helped offset a difficult spring in trading and investment banking.
Federal Reserve officials predicted the expansion will be too slow to return to full employment in the next two years while also saying further measures to boost the economy probably won't be needed in the short term.
JPMorgan Chase & Co., the second- biggest U.S. bank by assets, plans to sell 10-year global notes as soon as today after reporting profit rose 76 percent, more than analysts estimated.
