Legg Mason Inc. today reported a net loss of $325.1 million, or $2.29 per diluted share, for the fourth quarter of the fiscal year ended March 31.
Investors are rushing into stocks Monday as surprise increases in pending home sales and construction spending offered the latest signs that the economy is stabilizing.
Financial advisers are leery of an initial public offering of two new exchange traded trusts — which give retail investors easy access to residential real estate — that ends tomorrow.
As Congress prepares to tighten financial regulation to correct weaknesses revealed by the mortgage collapse, the debate over who should regulate those who give in-vestment advice, including financial planners,
OppenheimerFunds Inc.'s hot streak in the Section 529 college savings plan business is coming to an end.
As Congress starts to take up health care reform, a group representing health insurance agents is voicing its dissent over President Obama's call for universal health insurance.
Running a successful family financial advisory business is much tougher than the smiling portraits posted on many firms' websites would lead a client or prospect to believe.
Some dividends aren't dividends at all. Sometimes they are a distribution known as a return of capital, which are actually returns <i>of </i>an investment instead of returns <i>on </i>an investment.
President Obama reached his much-ballyhooed 100-day milestone last week, but most financial advisers were in no mood to celebrate.
The two largest organizations of financial planners are looking at ways to give members discounts on several kinds of insurance.
