The Securities and Exchange Commission's inspector general, David Kotz, rightfully excoriated the agency for its failure to expose the Madoff scheme during its investigations of the firm.
Schwab Charitable Fund today launched a service that helps organizations determine if they want to convert from a private foundation to a donor-advised fund.
With tax reform high on the administration's agenda for next year, the life insurance industry is pushing for preferential treatment for annuities.
Sheryl J. Moore is mad as hell at the media, and she's not going to take it anymore.
The Dow Jones Industrial Average has gained almost 50% since its March low, but for those who prefer to cry about how far the stock market fell before March, there is nothing quite like the Dow Jones handkerchief.
In what may be a first, a Native American tribe is buying a broker-dealer and money manager, with a plan to win business by using its status as a minority-owned firm to appeal to Native American investors.
The chief lobbying official for the Financial Planning Association is stepping down this month.
Fidelity Investments, responding to The Charles Schwab Corp.'s June announcement of price reductions for independent advisers and their clients, is rolling out a competing program with a few extra twists.
The federal deficit surged higher into record territory in August, hitting $1.38 trillion with one month left in the budget year.
Two bills aimed at protecting seniors from financial fraud were introduced in the House today, winning praise from the North American Securities Administrators Association Inc.
The New York State Insurance Department is proposing a rule requiring more transparency about how the sellers of insurance products are compensated.
The week's dollar sell-off continued today, with the greenback hitting a fresh 12-month low.
M Financial Group is expanding its reach across the border and has added Caledonia Planning Group of Ontario, Canada, to its roster of advisory firms, the company announced yesterday.
U.S. businesses reduced inventories at the wholesale level for a record 11th consecutive month in July, although sales rose by the largest amount in more than a year, according to government data released today.
The Hartford Financial Services Group Inc. yesterday formed Hartford Life Distributors, an entity that consolidates its distribution forces for 401(k) plans and individual products.
The Labor Department says initial claims for unemployment insurance fell to a seasonally adjusted 550,000 from an upwardly revised 576,000 in the previous week. Analysts expected claims to drop to 560,000, according to Thomson Reuters.
Responding to Charles Schwab Corp.'s June announcement of price reductions for independent advisers and their clients, Fidelity is rolling out a competing program with a few extra twists.
An estimated $800 billion in total client assets will be transferred across the investment advisory industry because of brokers and advisers' changing firms this year, according to a study from Cerulli Associates Inc.
In what may be a first, a tribe of Native Americans is buying a broker-dealer and money manager, with a plan to win business by using its status as a minority-owned firm to appeal to Native American investors.
