In the wake of the alleged insider-trading ring involving hedge fund manager Galleon Group, compliance departments at asset management firms and broker-dealers are stepping up their vigilance.
The Labor Department is still considering regulating target date funds, according to Phyllis C. Borzi, assistant secretary of labor for the Employee Benefits Security Administration.
In 1986, Thomas A. Muldowney was discouraged by what he was seeing in the financial services industry.
In his 38 years in the business, I. Craig Hester has never seen clients as scared as they were during the market downturn.
It's very rare that an investor gets the expertise of an entire financial planning team, but at Budros Ruhlin & Roe Inc., that's exactly what they get.
At 83, Robert B. Deans Jr. still comes into the office every day.
While high-net-worth clients often tend to be more sophisticated than the average investor, Silvercrest Asset Management Group LLC claims that its clients are even more investment-savvy than the typical wealthy investor.
Government estimates about how much investors withdraw from their 401(k)s and IRAs are probably way off — maybe by hundreds of millions of dollars, according to a report published late last month by the Investment Company Institute.
The Department of Labor's withdrawal of a controversial rule allowing advisers to work directly with retirement plan participants — just days after the agency extended the effective date of the rule — has some industry observers wondering if DOL officials are buckling under pressure from Congress.
