J.P. Morgan Asset Management will replace Columbia Management Group as investment manager for New York's $1.9 billion adviser-sold college savings plan
The awards, which will be presented Sept. 14, honor financial advisers who make a difference in their communities.
Taxpayers will be able to examine the qualifications of paid tax-return preparers in a database being built by the IRS that may be available as soon as 2013.
Typical family office invests more than a quarter of its clients' assets with hedge funds; share could be even larger
Is this a trend? Another private equity firm has invested in the RIA space -- and this time the buyer is the giant Carlyle Group.
SEC vote requires hedgies, PE firms to register with commission; exemption granted for family offices
'Stay bonus' be damned: LPL's gain is Securities America's loss as two top producers depart
The recent appellate court decision rejecting an SEC rule on proxy access for shareholders was a signal to the commission to slow down its rulemaking and take more care in measuring the costs versus the benefits of any new rule
The Financial Services Institute, the lobbying organization for independent broker-dealers, said Friday that it had picked up the support of advisers this week from sizable independent broker-dealer Investors Capital Corp.
Investors in junk bond funds withdrew $2.1B from the funds -- in a single day. As one portfolio manager sayd: 'There's clearly a panic going on in the market.'
Bank of America Merrill Lynch has brought on six new financial advisers in Texas, Pennsylvania and California.
A Philadelphia registered investment adviser agreed to pay nearly $11 million for misappropriating funds from clients who were told their money would support socially conscious investments, while it really went to pay the adviser's debts and for other purposes, according to federal regulators.
In a major hire for his new registered investment advisory firm, CWM LLC, Ron Carson has announced that well-known veteran investment adviser Rob Isbitts will become chief investment officer of the firm, which was launched July 1
Despite denials by Mutual Fund Store founder Adam Bold, sources claim the giant RIA is on the block. One says the firm is being valued at around $300 million.
The bleeding has started at Securities America Inc., as competitors are successfully recruiting reps from the beleaguered broker-dealer.
In the financial advice-seeking population, about a quarter of households use multiple financial advisers. For those households with investible assets of between $2 million and $5 million, the proportion increases to 33%. And 58% of investors with more than $5 million in assets have multiple advisory relationships.
More than ever, employees of small companies face the prospect of a bleak retirement
Frieberg the third chief executive to exit the brokerage in four years; 'appropriate time'
It is no secret that many middle-class Americans aren't saving enough for retirement, but according to financial advisers, a surprising number of their higher-income clients are in the same predicament and need help to turn things around
Workers are more likely to retire after a period of strong equity returns, but they may be leaving the workplace at a time when their nest eggs are at the most risk.
