HighTower Advisors LLC chief Elliot Weissbluth last week shrugged off a “lift-out” lawsuit filed against the firm last month by Morgan Stanley Smith Barney, calling it baseless.
The financial crisis took a toll on 529 college savings plans, but plan participants are for the most part staying put and looking to the future, according to the results of an exclusive InvestmentNews survey, conducted for and presented today at the College Savings Foundation conference.
The Great Recession may have left many wealthy families market-shy, but Bessemer Trust, the largest family office, is acting aggressively on behalf of clients.
They're not up to speed about the products themselves, either
Ken Kaltman, chief operating officer at National Compliance Services, Inc. in Delray Beach, Fla., will soon have a lasting memento of his $15,000 donation to the Clinton Bush Haiti Fund. He'll be the proud owner of the wingback chairs that both former presidents actually sat in for their “debate” at the TD Ameritrade conference earlier this month.
Lincoln National Corp. announced today that it has opened a new Los Angeles office to help it sell more Lincoln Financial Group life insurance products to small-business owners and high-net-worth individuals on the West Coast.
After trimming the ranks of its brokerage force, Bank of America Corp. apparently wants to build up its force again — this time from the ground up.
The SPARK Institute's option would limit contributions to $10,000, higher than the typical IRA, would “simplify” investment option selection, among other things.
The size of the college savings market will more than double in the next five years, but Section 529 college savings plans still have a long way to go to gain marketshare.
WealthTouch Inc., which offers a consolidated investment-reporting platform on the web for the wealth management industry, today announced that it has raised $11 million in private money to allow it to expand in Europe.
