Jerry Pascucci, the chief investment officer for alternative investments at Morgan Stanley Smith Barney, is joining the U.S. wealth management unit of UBS AG to run alternatives for high-net-worth clients.
TD Ameritrade Holding Corp., the third-largest retail brokerage by client assets, reported fiscal third-quarter profit that beat the average analyst estimate as customers traded more and added assets to their accounts.
Goldman Sachs Group Inc. said second-quarter profit dropped 82%, missing analysts' estimates on a slide in trading revenue five days after settling U.S. regulators' fraud allegations.
SAN FRANCISCO — Hoping to attract some of the torrent of private-equity capital showering Wall Street, a financial adviser in suburban St. Louis is looking to bundle his brethren’s practices and sell them en masse in the private-equity market.
Current 15% rate due to expire this year; paygo rule 'could make it virtually impossible' for Congress to cap rate at 20%
A Finra arbitration panel last week awarded a client of Fidelity Brokerages Services LLC $110,000 because her account got lost in the shuffle at the mutual fund and brokerage giant.
Trading pattern indicates retail buyers may be starting to buy again; 'temporary dislocations'
Legendary technical analyst Ralph Acampora, who came out of retirement last year, sees good times ahead for stock investors. Bondholders? That's a different story.
More than half of investors are confused about who has fiduciary duty when providing financial advice, while more than 90% want fiduciary rules to apply to brokers and insurance agents, according to a survey released Wednesday.
Investors doubled their holdings in cash this month to the highest levels in more than a year as money managers remain divided on the outlook for the global economy, a BofA Merrill Lynch Global Research survey showed.
Many get new gigs soon after their B-Ds are shut down; 'pitch their tent acrosss the street'
President Barack Obama will call on Congress to pass new tax breaks that would allow businesses to write off 100 percent of their new capital investments through 2011, the latest in a series of proposals the White House is rolling out in hopes of showing action on the economy ahead of the November elections.
Fidelity Investments says it is seeing the average assets of its breakaway broker teams increasing.
Fidelity Investments has introduced a priority services group for high-net-worth investors in its Charitable Gift Fund.
In trying to clarify who can give advice to 401(k) plan participants and under what circumstances, the Department of Labor appears to have antagonized just about everybody.
Morgan Stanley, owner of the world's largest brokerage, named Shelley Hanan chief executive officer of its private bank, a month after it gave her the job on an interim basis.
Morgan Stanley, owner of the world's largest brokerage, named James Walker to head its consulting- services group, which provides clients with investment advice and managed accounts.
Finra has shuttered a small Texas broker-dealer for allegedly charging clients excessive markups on $1.3 million in securities transactions.
Finra arbitrators have ordered a securities analyst who claims he was wrongfully fired by Rodman & Renshaw LLC in 2006 for attempting to lower a stock rating to pay the broker-dealer $10.7 million in damages.
Li Lu, the hedge-fund manager who helped Berkshire Hathaway Inc. find profits in China, may push Warren Buffett's investment company to make more deals outside the U.S. if he takes a role at the company.
