NEW YORK — Advisers may want to think twice before loading a new retiree’s portfolio with equity investments, according to a retirement software developer.
NEW YORK — Dual broker-adviser registration may become more common as brokerage firms shift from fee-based brokerage accounts, but the adviser’s new role could lead to more litigation, according to lawyers.
WASHINGTON — The Securities and Exchange Commission is setting up an advisory committee on financial reporting to scrutinize the high number of financial restatements by public companies, according to Robert Pozen, who will head the committee.
WASHINGTON — The Department of Labor and Rep. George Miller, D-Calif., are considering separate efforts to crack down on pension consultant conflicts of interests following a report by the Government Accountability Office that said undisclosed conflicts could be lowering pension fund investment returns.
Pressed by very wealthy clients who feel they are overpaying, and under cost pressures of their own, multifamily offices increasingly are searching for alternatives to asset-based fees, according to industry executives and observers.
Advisers are reacting to the impending sale of Rydex Investments to the Security Benefit Group of Companies with a mixture of enthusiasm, caution and disapproval.
As the number of regional brokerage firms dwindles, executives at those that remain insist they’re better off staying independent.
Cynthia Keithley, principal of Keithley Investment Group LLC, goes to almost any length to serve her small-fry clients.
Mergers between employee benefit and financial advisory firms may become common as they set their combined sights on baby boomers’ retirement assets, according to industry observers.
A long-running trademark battle is threatening to derail the expansion of the CFA Institute in what has become one of the fastest-growing markets for financial planning professionals.
Investors Capital Holdings posted a record $80 million in revenue the fiscal year ended March 31, for an increase of 17.72% over the 2006 fiscal year.
An Italian judge has ordered Bank of America to stand trial in connection with the 2003 collapse of Italian dairy company Parmalat SpA.
UBS picked deputy group CEO Marcel Rohner to helm the company, replacing Peter A. Wuffli.
The FBI is analyzing death threats against Goldman Sachs, according to published reports.
A specialty insurer said that two of its employees received Wells notices from the SEC's division of enforcement.
Baring Asset Management announced that Marino Valensise will assume the role of chief investment officer by the year's end.
Wedbush Morgan may land 100-plus reps from Brookstreet now that the son's founder has signed on with the firm.
Bank of America Corp. said it has completed its $3.3 billion purchase of U.S. Trust Corp. from Charles Schwab Corp.
Robert Rodriguez, CEO of First Pacific Advisors, wouldn’t touch high-yield bonds with “a 500- or a 1,000-foot pole.”
