Despite intense pressure from regulators to tighten recruiting standards for brokers with marks on their records, these bad apples are still being hired by new firms, recent cases illustrate.
The outlook for traditional retail-brokerage firms has never been so uncertain.
A popular argument for using exchange traded funds is that investors receive more bang for their buck because ETFs are generally cheaper than mutual funds. In some cases, however, the bang is being muted because of the way ETF returns are reported.
With the stock market down more than 40% from the start of the year, the idea of portfolio re-balancing has taken on new meaning for many financial advisers and their clients.
As much as executives at custodian firms dream about scores of wirehouse brokers going independent, they say that it's just not happening.
Money managers said they have laid off or plan to lay off nearly 3,600 staff members as a result of financial market swoons.
In an effort to maintain a tight grip on retirement assets, some major 401(k) providers — including The Charles Schwab Corp. — are considering lowering the investment management fees they charge to employers.
The U.S. economy shed 533,000 jobs in November, marking the largest single monthly contraction in the job market in 34 years, according to data from the Department of Labor.
Cabinet NG Inc. a provider of management systems has introduced a hosted product called CNG-ONLINE.
Shares of The Hartford Financial Services Group Inc. jumped this morning on news that the company has raised its earnings guidance for the end of the year.
