Wells Fargo & Co. today said that it would buy up Prudential Financial Inc.'s minority stake in Wells Fargo Advisors LLC, shelling out cash for the purchase.
Easygoing Charles Johnston does not have the celebrity star power of the executives who run the other brokerage houses on Wall Street.
It appears likely that Congress will punish the Federal Reserve for its role in the financial crisis by taking away some of its independence and responsibilities. The legislators are scapegoating.
The SEC is backpedaling on a proposal that would require advisory firms that deducted fees from client accounts to undergo costly surprise audits.
The economic downturn is hurting the associations that represent financial planners, investment advisers and big brokerages.
Although Americans are aware of the debilitating costs of long-term care, few seem to understand how to pay for those services, according to a study by MetLife Mature Market Institute.
The Internal Revenue Service has closed another loophole in the Tax Code.
Financial advisers may want to invest in a Farmers' Almanac to figure out which stocks to buy. That's because it appears companies that announce earnings on sunny days in New York City see their stocks perform better than companies that do so during inclement weather, according to a recent study by two accounting professors.
The spiritual message of Bob Dylan's soulful ditty about fate and consequences, “Gotta Serve Somebody,” is taking on a more down-to-earth meaning this year.
Stocks fell in early trading Tuesday after wholesale inflation rose more than expected in November, led by a surge in energy costs.
Stock futures are indicating a lower opening on Wall Street following declines in overseas markets and as the Federal Reserve prepares to begin a two-day meeting on interest-rate policies.
Inch by inch, Americans are recovering some of their vast loss of wealth from the recession, thanks to gains in stock investments and home values.
The next wave of opportunities in the equity markets will be big, “boring” companies that have been largely overlooked in the current rally, according to hedge fund manager Joel Hirsch.
After a decade of pushing fee-based services, Wall Street is slashing and burning the infrastructure that has supported the business.
Investment managers are gathering into a bull stampede, according to the latest findings from Russell Investments.
Affiliated Managers Group will buy the global private equity fund-of-funds business of London-based Pantheon Ventures from Russell Investments for at least $775 million, AMG announced today.
Stock futures are indicating a higher opening on Wall Street after Abu Dhabi provided a surprise $10 billion bailout to Dubai to help with debt repayments.
John Hancock Funds LLC will file with the Securities and Exchange Commission in the next few weeks plans to launch actively managed exchange-traded funds, according to an official at the firm.
Wells Fargo & Co. said Tuesday it will sell stock for $25 per share to help repay $25 billion in government bailout money.
Stocks are edging higher after a bailout of the troubled emirate of Dubai helps allay concerns over global credit problems.
