With the S&P 500 up 80% since March 2009 and the specter of a correction looming, financial advisers are scrambling to keep clients calm and to make key adjustments to their portfolios.
The Charles Schwab Corp. has reversed course and will allow advisers to hold in custody additional alternative investments.
Peter Muller, who founded and leads Morgan Stanley's quantitative investment unit, bested 104 players last week to win the annual Wall Street Poker Night.
Bank of New York Mellon Corp. is closing nine of its wealth management branches in Pennsylvania, New York, and New Jersey, the company confirmed today.
Our “horse” required more and more money every year in order to feed asset appreciation, its eventual securitization and the borrowing that both promoted.
Barclays Wealth, the $241 billion wealth management unit of Barclays Bank PLC, has snapped up a team of advisers from Neuberger Berman LLC, the company announced Wednesday.
Jeff Russell will join MSSB in the firm's Irvine, Calif. office
For advisers thirsty for new opportunities, the case for water investing is crystal clear.
An insurance industry effort to make summary prospectuses permissible for variable annuities is being received warmly by broker-dealers, despite doubts that the complex products can be described adequately in abbreviated form.
The insurer's sales and deposits rose 8% to a record $15.2 billion last year. The firm also reported record net income of $670 million, compared with a $1 billion net loss in 2008.
The securities industry has been sounding warnings about the hiked liability it would face under a universal fiduciary duty. But if investor claims continue to be arbitrated, such a rule may actually cost firms little
Stocks are mostly falling after another slump in the euro prolonged concerns about Europe's economy.
The affluent are feeling as confident now about the economy and their investments as they did in December 2007
Despite a deafening silence from advisers on long-term-care planning, most consumers say they want input from a financial professional on LTC
Further complicating matters, the LTC business requires large amounts of capital, which puts added pressure on carriers that issue the policies
Clients may not be knocking down the doors to participate in the long-term-care-insurance program created last week by the passage of health care reform, but advisers are optimistic the program's existence will spur more discussion around the benefits of LTC planning.
A new series of benchmark indexes that will invest solely in companies that promote gender equality is in the works.
Quantitative money managers are retooling their formulas and product lineups as they attempt to reverse the drought that began almost three years ago, when spiking market volatility turned the quant feast to famine overnight.
Rush “Rusty” Benton, who founded WealthTrust LLC in 1997 to buy majority stakes in independent wealth management firms, is stepping down as chief executive of the company and will assume the new role of chairman, he said Thursday.
