Broker-dealers without big corporate parents or the ability to tap public markets are making an all-out effort to raise capital, in some cases turning to their own clients for financing.
Raymond James & Associates must face a lawsuit claiming it defrauded buyers of auction-rate securities, the first class-action complaint following the market's 2008 collapse to survive a judge's initial review.
The ormer chairman and chief executive of UBS Financial Services Inc. and its PaineWebber predecessor, is weighing a return to retail brokerage
Bring on the fiduciary standard. In a recent InvestmentNews survey of almost 600 advisers, registered reps, financial planners, insurance agents and others, 69.2% said that they agree with the SEC's staff recommendation that any financial professional giving personalized investment advice be deemed a fiduciary
Twenty-two lucky youngsters from across the country, recipients of scholarships from Sun Life Financial Inc., were able to rub elbows with Miami Dolphins wide receiver Davone Bess and tennis star Venus Williams last weekend
While he's too modest to boast about being a successful entrepreneur, Marty Bicknell is the first to admit that he's a poor prognosticator
Brokerage firm Edward Jones last week said that it plans to add up to 20 branch offices to the more than 60 it has in the state of Utah
Advisers soon will see whether last week's reaction to events in the Middle East and North Africa will reverse the slow return of investor confidence that markets have been enjoying
They say that love is blind, but marriage is a real eye-opener
Despite the spreading turmoil in North Africa and the Middle East, and an ominous rise in the price of oil, financial advisers say their clients are not pressing the panic button
There are thousands of mutual funds that advisers have to choose from — but a handful of funds garnered a major portion of advisers' attention last year. Here's the top ten.
In what's become an all-too-familiar scene, another small, indie brokerage is closing up shop. Ensemble Financial Services Inc., located in Pittsford, N.Y. will soon be shuttering its B-D operation -- and its 85 registered reps will be moving on.
Three independent broker-dealers are suing their respective insurance carriers for failing to cover investors' legal claims, with one charging that its insurer has exposed it to “financial ruin”
A reported pricing probe by the Securities and Exchange Commission is just the latest 'oh no' moment for the muni bond biz
Two broker-dealers have emerged as early winners in the fight over the 400 representatives affiliated with QA3 Financial Corp., which officially shut down Friday
Securities Service Network Inc. is the latest broker-dealer to pull the plum out of the pie of the defunct <a href= http://www.investmentnews.com/section/broker-dealer-data-profile&R=290006&Y=2009 >QA3 Financial Corp.</b>
Will serve as managing director for firm with $7.1B in AUMs; outfit started out as John D.'s family office in 1882
Pitkowsky and Trauner unveil concentrated Goodhaven Fund; 'don't need to create an empire'
Rejiggered, standalone line of business now reports directly to the CEO; meanwhile, investment product management boss departs
Firms with $1B in assets under management would be subject to the proposed rule; 'unintended consequences'?
