Greg Fleming was named boss of Morgan Stanley's wealth management unit earlier this year. Since then, he's been busy rejiggering the management team at Smith Barney. The latest: the rehiring of a onetime CFO at the brokerage.
The House Republican budget plan put forth last week by Wisconsin Rep. Paul Ryan marks the beginning of the debate on government entitlement reforms — a rancorous clash sure to play out through the next presidential-election cycle and beyond
$1.6T deficit hardly ideal, but Uncle Sam far from bust, economists say; 'very misleading'
With the Bush tax cuts extended for another two years, the status remains quo on major — and imminent — potential changes in tax law, right?
Forget the political posturing: Capitol Hill watchers say a 35% estate tax rate is pretty much a cinch to get through Congress
Asset manager's CEO bullish on stocks, not bearish on bonds, and big on the U.S. dollar
Another small broker-dealer that sold high-risk private placements is out of business
But these three fund firms would likely take the biggest hit under current proposal
Finra wants broker-dealers that sell risky Regulation D private placements to engage in a more vigorous due diligence process, “pushing and pulling” for information about the products, according to Richard Ketchum, chairman and chief executive of the Financial Industry Regulatory Authority Inc.
In what can only be viewed as a surprise outcome, an independent broker-dealer has won a rare legal victory in the continuing scrum over private placements that has forced several broker-dealers to shut down
Jackson National has announced it will attempt to slow down sales of it sgenerous variable annuity contracts. How it plans on going about this is another proposition.
UniCredit Group's decision to keep its Pioneer Investments money management arm could mark the end of a spate of recent divestments and the start of a period in which banks are focused instead on building their asset management affiliates.
Behavioral-finance experts have come up with a few strategies for financial advisers working to help clients overcome natural human tendencies that can lead to money-related mistakes.
The Certified Financial Planner Board of Standards Inc. finally has revoked Russian spy Cynthia A. Murphy of her planning credentials.
Investors piling into bank loan mutual funds; inflation protection the lure
Tuition at Leysin American School in the Swiss Alps is $72K a year, but at least the skiing's good
Ten months after the death of its former chief executive, wealth management firm Rockefeller Financial today hired Reuben Jeffery III, a former government official and Goldman Sachs' executive, as its chief executive.
System failures in recent weeks involving such companies as Amazon.com Inc. and Sony Corp. have cast doubts on the security and reliability of cloud computing, and should put financial advisers on high alert
Another small, independent broker-dealer that faces mounting legal claims is exiting the business, this time after selling real estate deals by a bankrupt syndicator.
Peter Muller founded Morgan Stanley's successful PDT quant unit; dubbed 'brilliant' by Clifford Asness
