Mutual fund manager Ameriprise Financial Inc. on Wednesday reported a third-quarter profit, reversing a year-ago loss, as sales grew.
State Investment Officer Gary Bland has resigned amid a federal investigation into state investment deals and pressure to remove him by several members of the State Investment Council.
Shares of Ameriprise Financial Inc. surged to a new year high Thursday after the financial services company posted a third-quarter profit that beat Wall Street's expectations, prompting an analyst to upgrade the stock.
Morgan Stanley Smith Barney saw its total broker head count decline slightly in the third quarter — but their combined clients' assets managed to increase significantly during the three-month period, according to the earnings announcement the brokerage made today.
Many of the stock market indicators are suggesting caution, but investors now have to consider the “new normal” before jumping in or retreating, according to Jeffrey Beamer, manager of the Lacerte Guardian Fund (LGFIX) for Lacerte Capital Advisers LLC.
Matthew Weitzman, a former principal of AFW Asset Management Inc., was sentenced to 97 months in prison after he pleaded guilty last year to stealing from the firm's clients.
Construction of new homes edged up slightly in September, helped by a rebound in single-family construction. However, in a worrisome sign for future housing work, applications for building permits fell by the largest amount in five months.
Despite the 60% stock market rally since the March low, many consumers remain fixated on the immediate reality of unemployment, and that is preventing a lot of investors from participating in the rally, according to Kevin Mahn, chief investment officer with Hennion & Walsh Asset Management Inc.
A weak report on housing starts made investors nervous that the economy will be slower to recover even as profits at many companies exceed expectations.
Two former Nebraska City brokers say they shouldn't be prosecuted for securities fraud because the investors who lost more than $20 million acknowledged the risks in writing, but prosecutors said Monday the records don't tell the full story.
Over the past year, we have heard from advisers that the economy has not only hit clients hard; it has also affected their children who have recently graduated from college.
After getting worrisome signs about consumers from bankers' earnings reports, investors will be looking at a broad range of companies this week for further insights into the outlook for the economy.
Efforts by money management executives to revamp their firms' compensation policies are being complicated as a revival of optimism this year has outpaced the rebound in profits, according to a report released Oct. 19 by New York-based executive recruiting giant Russell Reynolds Associates.
Barring some major corporate-earnings disappointments over the next several days, there is reason to believe that investors will continue to reward companies for anything that looks like good news, according to Uri Landesman, head of global growth at ING Investment Management Americas.
Merger-and-acquisition volume among RIA firms continues to run at a record pace.
The industry effort to regulate financial planning as a profession has support from within, but it won't escape opposition from other sectors of the financial services community, several industry leaders said last week.
The U.S. stock market and economy are in much the same place now as they were in 1930.
A federal jury in Minnesota ruled last week that Allianz Life Insurance Company of North America used deceptive materials to market its two-tiered equity-indexed annuities, but declined to assess damages against the company, saying that the plaintiffs suffered no harm.
Members of Congress took to task John Hancock Life and Health Insurance Co. and the federal Office of Personnel Management in a hearing last week, blasting them for an unexpected rate hike in long-term-care insurance that would hit federal employees.
The Financial Industry Regulatory Authority Inc. is warning investors to be on the lookout for scam e-mails that promise refunds of $1.5 million to auction rate security investors.
