Desperate to hang on to the gains in their clients' portfolios over the past few months, financial advisers are selling positions and moving into cash.
Finra-backed candidates who represent large and midsize firms are running unopposed so far in the regulator's upcoming board election, but a battle is brewing for three open small-firm seats.
Shaken by the recession and concerned about risk, brokerage firm clients are buying life insurance.
Insurer looks to branch out with new products aimed at affluent customers, business owners
A series of nasty legal fights involving Jesup & Lamont Inc., Penson and Finra may be coming to a head.
Shares of home health providers sank Wednesday as an investigation into the industry's Medicare reimbursement practices expanded.
Overturning state law, New York's highest court this month ruled that estates and beneficiaries can sue estate-planning attorneys for malpractice.
Complex reverse convertibles mostly sold to individual investors; 'inconceivable'
A champion of the fiduciary standard sought to drive a wedge between brokerage and advisory firms today.
Mark A. Mushkat, a 20 year veteran of the wealth management industry, comes from Harris myCFO, a unit of Harris Private Bank.
A growing number of quantitative equity managers are striving to match their computer models to changing market environments better as they fight to reverse the performance drought they've been in since the start of the financial crisis in mid-2007.
The banned broker's responses to questioning, however, often come across as confused.
Arlen Specter wants to dramatically ratchet up the standard of care required of broker-dealers. Part of that ratcheting up: a possible 25 year jail sentence for B-Ds who willfully violate the tougher standard.
Although it is debatable whether inflation will become a problem for the U.S. economy, wealthy investors aren't taking any chances and are piling into tangible assets.
Here are two lists on the total account asset amounts at the largest independent broker-dealers, based on information that <i>InvestmentNews</i> has gathered directly from the firms that participated in the annual survey.
It's spring, and this spring a young man's fancy lightly turns to thoughts of speculation. The Fed's promises look good and, as long as you're not a small business, you can borrow to invest or speculate at no cost.
Barnaby Grist, senior managing director of strategic business development at Charles Schwab Corp.'s investment advisor group, is leaving to join Cetera Financial Group, a new independent brokerage venture controlled by Lightyear Capital LLC.
Private-equity firm Lightyear Capital LLC today announced that it has completed its acquisition of three ING Groep NV broker-dealers.
New York-based Optima Fund Management, a $6 billion fund of hedge funds, thinks farming is a growing business.
News that two firms have been charged with fraud related to large private-securities deals could lead to a serious headache for many midsize to large independent broker-dealers whose financial advisers sold the products to wealthy investors.
