AllianceBernstein Holding LP demonstrated enough progress in some businesses last year that the company plans to add advisers in 2010 and may buy smaller complementary firms, executives said late Thursday during an earnings conference call.
Investors desperately looking for hope in the current choppy market may want to focus on the upcoming midterm elections.
Wells Fargo Private Bank said that it has expanded its Elder Services program to the East Coast through its acquisition of Wachovia Securities LLC.
Officials for Silver Bridge Advisors LLC said today they to plan to purchase a San Francisco-area investment adviser, adding that their firm has created a separate entity to better market itself to wealthy families and family offices.
The U.S. economy could well be headed for another downturn — and financial advisers should direct clients to move their money out of the domestic equities market and into long-range opportunities overseas and alternative-asset classes, two well-known investment managers said last week.
Research Affiliates chairman Rob Arnott puts the chances of a double-dip recession at better than 50%. His advice? Prepare clients 'to weather the storm'
Advisers should also monitor clients' savings for changes in wealth and investment performance
For financial advisers, the epicenter of the Deepwater Horizon disaster may not be the Gulf of Mexico but Whiting, Ind.
Although retention bonuses and deferred-payment recruiting packages have locked many top-producing brokers in place at wirehouses, a substantial number are still looking to break free.
Dr. Loretta Mueller, 46, a family physician in New Jersey, was so unnerved by the Greek debt crisis and its effect on the stock market that she cashed out some of the funds in her retirement account and bought gold bullion.
