As the Dodd-Frank Wall Street Reform and Consumer Protection Act approaches its one-year anniversary, Washington's highly charged partisan response to the law may give rise to an unintended consequence: a brain drain at our financial regulators.
Cooperating in probe by AGs over possible attempts by retail brokers to thwart new online brokerage
Selling operation to Apex Clearing; currently serves 230 B-Ds
Let the good times roll. After several lousy years, revenues and assets under management for RIAs hit an all-time high in 2010. More of the same to come?
Baffico exits: sources claim that fund firm will meld Claymore, Rydex
Now sitting on nearly $2 trillion in assets; it was a very good year for BNP Paribas
As the Labor Department prepares to issue stricter rules for the retirement fund industry, financial advisers at RIA firms are licking their chops over the prospect of poaching business from broker-dealers and insurance agents
SunAmerica Annuity and Life Assurance Co. is back in the fight in variable annuity sales after being dropped from or ignored on platforms for the past few years
Annual levy for exchange-traded fund will be 0.55%, while fee for namesake mutual fund is 0.46%
As the financial advisory industry continues to evolve, more investment professionals and firms are embracing the hybrid registered investment adviser model.
Surprise, surprise: 85% of full-service investment firms' clients have never heard of, nor do they understand, the difference between the suitability standard followed by brokers and the fiduciary standard followed by registered investment advisers, according to a J.D. Power & Associates survey
Ah, retirement. Golf. Cruises. Leisurely walks. And getting financially abused by family members, strangers and businesses.
While the financial advice industry wrangles with regulators and lawmakers over a universal fiduciary standard, most investors are far more concerned about getting their phone calls returned
News that Jackson National Life Insurance Co. will curtail sales of its popular variable annuity products — likely by limiting investments — has financial advisers on the lookout for the next best thing and its competitors waiting with open arms for an expected uptick in sales
<a href=http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&djoPage=summary&issuedate=20100423&sid=BD0426&djoProjId=10994&djoRecordId=290006>QA3 Financial Corp.</a>, an independent broker-dealer that was a leading seller of high-risk private placements over the last decade, in a recent lawsuit said its insurance carrier was pushing it into bankruptcy by failing to back up its coverage.
A federal certification would strain resources; some simple approaches help
