We've all read (or written) the stories about the average financial adviser, in his or her late 50s, who just can't seem to find the right succession plan.
Reaffirms independent broker-dealers' credit rating as 'stable'; brokerages could weather unexpected downturn
UBS AG, Switzerland's biggest bank, will probably report a fourth straight quarterly profit tomorrow and the lowest wealth management redemptions since 2008.
Sluggish recruiting and the continued slow migration of advisers to smaller firms has left the three biggest wirehouses either adding minimally to the work force or watching the head count drop
Adviser satisfaction ratings, based on the 2010 J.D. Powers survey
The world's richest clients often come with “impossible demands,” push margins down and cause internal conflict with investment banking colleagues, said the vice chairman of Barclays Plc's wealth management unit.
The court-appointed trustee seeking to recover billions of dollars lost by jailed financier Bernard Madoff sued three entities Thursday to get back more than $30 million that he said the Madoff family had invested, mostly in oil and gas properties and technology companies.
U.S. citizens and residents with UBS AG accounts are racing the clock to disclose their secret holdings to the Internal Revenue Service after the Swiss Parliament ratified an agreement to surrender the names of 4,450 bank clients, tax lawyers said.
Industry regulators have fined Goldman Sachs $650,000 for failing to disclose that two of its brokers, including the executive accused of leading the mortgage securities deal that brought civil fraud charges against the firm, were under investigation by the government.
Famed asset manager says only thing Fed head knows how do is print money; 'throwing petrol on the fire'
Breakaway brokers boosting business; market share now at 8.3% and rising
Gaps in the efficient markets theory create plenty of investing opportunities — even in some of the world's largest companies, according to David Rolfe, chief investment officer at Wedgewood Partners Inc., which has $775 million under management.
The biggest risk investors now face is becoming too conservative at a time when equities present a potential long-term advantage, according to new research from MFS Investment Management.
The next three weeks could set the tone for financial markets for the rest of the year
The S&P 500 could fall by as much as 8% over the next three weeks, followed by a 22% rally to close out the year, according to Uri Landesman, president of Platinum Partners LP, a $500 million hedge fund shop.
Slate of independent candidates from small firms elected; series of proxy proposals also approved
Brokers generally have no problem with improving disclosure, but they and other critics contend that the agency is neglecting to shine a light on other mutual fund expenses and practices that cost investors money.
Peter Santoro, head of institutional markets at Citadel Investment Group LLC's investment banking arm, has left the firm.
