Charles Schwab Corp., the largest independent brokerage by client assets, reported third-quarter profit that beat the average analyst estimate as sales from earned interest offset a decline in trading revenue.
<i>InvestmentNews</i> is off to Denver for the FPA's annual conference
Broker-dealers and financial advisers are taking action against The Hartford Financial Services Group Inc. in response to a letter the firm sent to their clients that entices them to swap their variable annuities for a replacement — one that advisers say actually strips away generous guarantees.
Focus Financial Partners, which recently completed a $50 million recapitalization to meet debt obligations and revive its business of buying interests in wealth management firms, has agreed to acquire LLBH Group Private Wealth Management as a full partner firm.
Strategic Point Investment Advisors LLC, a wealth management firm that was one of the original affiliates of Focus Financial Partners, has sued the company to get access to its financial data.
The past 15 years haven't been kind to the Securities and Exchange Commission in its role as the markets' top cop. On too many occasions, it has missed signals that the investing public was being scammed.
President Barack Obama said it would be “irresponsible” for Congress to extend tax cuts for the wealthiest Americans and voiced support for Treasury Secretary Tim Geithner and National Economic Council Chairman Lawrence Summers.
It looks like Finra isn't waiting for the Securities and Exchange Commission to figure out how high-frequency traders are affecting the market.
Among the many provisions in the SEC's plan to overhaul 12(b)-1 fees for mutual funds, perhaps the most contentious is the five-year grandfathering of existing share classes that charge in excess of 25 basis points.
The top 50 largest registered investment advisory firms managed $127.2 billion as of the end of the second quarter — up a sizable 16% from the end of the second quarter in 2009.
Study reveals which locales will end up with highest total marginal tax rates; Hawaiian punch
The Tax Foundation, a Washington research group that advocates for lower taxes, said state, local and federal levies would result in a tax rates of nearly 50% in some states' top earners.
Citigroup Inc.'s private bank will triple the number of hedge funds such as Paulson & Co. that its wealthy clients can invest in, under a push to increase money-management revenue.
Westwood Holdings Group Inc. Ticker:(WHG) today announced that it has reached an agreement to acquire McCarthy Group Advisors LLC in a deal that is expected to close by the end of the year.
See a breakdown of the largest brokerage firms -- and the percentage of CFPs in the total adviser force.
UBS AG, Switzerland's largest bank, is putting more focus on its richest clients in Asia and bringing its investment bankers closer to asset managers to meet their demands.
A Florida investor is suing TD Ameritrade Inc. for allegedly allowing a financial adviser to steal more than $2.3 million from her brokerage accounts.
Five years ago, when <i>InvestmentNews</i> decided to partner with the Invest in Others Charitable Foundation Inc. and the Community Leadership Awards program, I had no idea where the involvement would take us.
