A $500 million-plus team in Eugene, Ore., has left Morgan Stanley Smith Barney LLC to set up as an independent advisory firm — but not without a legal challenge by MSSB.
The Charles Schwab Corp.'s move into active ETF management with the acquisition of Windward Investment Management Inc. last week didn't come as much of a shock to advisers, who gave the firm high marks.
As it attempts to crack down on 12(b)-1 fees, the Securities and Exchange Commission is ignoring a raft of mutual fund charges that investors are paying indirectly, critics contend.
The suit is one of several arising between Edwards and its successor firms and Stifel as a number of Edwards brokers deserted ship in the wake of the 2007 takeover of Edwards by Wachovia Securities LLC.
The reality of a sluggish economy is sinking in among advisers.
Corporate-governance experts think that seven proposals designed to make Finra disclose more information and give members a say on executive compensation may never be implemented — even though 67% of Finra member firms that participated in the vote approved them.
Pimco's Bill Gross said the U.S. government should offer to refinance mortgages for homeowners as a way to stimulate the struggling economy.
The Financial Industry Regulatory Authority Inc. is proposing a rule that would let the regulator demand more frequent financial reporting from its member firms — and as a first step, it wants more details on revenue and expenses.
The commission's plan to cap the fees is intended to save investors some money. But some advisers predict it will actually drive up costs, as brokers shift to wrap accounts in a bid to preserve revenue
The Financial Industry Regulatory Authority Inc. is proposing a rule that would let the regulator demand more frequent financial reporting from its member firms — and as a first step, it wants more details on revenues and expenses.
