A key Congressional committee is expected to vote on a proposal - as early as next week - that could potentially bar thousands of brokers from providing investment advice to 401(k) participants, according to sources.
Bruce Wasserstein, a prominent Wall Street dealmaker and CEO of Lazard Ltd., was hospitalized with an irregular heartbeat.
Stocks turned higher after an early stumble Thursday as news of an improving job market stirred hopes of an improvement in the economy.
Measures that would significantly boost funding for the Securities and Exchange Commission as well as give shareholders a say on executive pay are included in draft financial overhaul legislation in the Senate, a person familiar with the matter said Monday.
RBC Wealth Management has recruited a pair of financial advisers from U.S. Trust Wealth Management, where they ran some $450 million in client assets.
A federal judge has refused to approve a settlement over contact information stolen from online brokerage TD Ameritrade Holding Corp.
William Fries will step down as co-manager of the $3.6 billion Thornburg Value Fund (TVAFX), on Jan. 1, according to a statement released today by Thornburg Investment Management Inc.
Robert McCann, the former head of the brokerage business at Merrill Lynch & Co., will officially take over as the head of UBS AG's wealth management business by the end of the month, according to a source close to Mr. McCann.
StreetSmart CRM to offer conference calling feature I'll soon be taking a fresh look at <a href="http://www.investmentnews.com/apps/pbcs.dll/section?category=INTechnologyNews03&IssueDate=20080415" target=”_blank”>customer relationship management</a> software and software-as-a-service providers, and one that a few advisers have asked me about is StreetSmart from InfoStreet Inc.
While most portfolio managers remain optimistic about global economic recovery, more managers are keeping additional cash on the side as they re-evaluate the markets, according to a new survey of fund managers.
