Three former UBS advisers form an independent registered investment advisory firm called Mississippi Investment Management.
"We are a different bank from a year ago," insisted chief executive Oswald Gruebel
Firms need not offer exchange-traded funds commission-free — or at a discount — to accumulate ETF assets.
If Congress votes to hold brokers to a fiduciary standard, some securities firms could face 4% to 10% declines in profitability per broker, according to a research note issued today by Ticonderoga Securities LLC.
The value of Warren Buffett's options to buy Goldman Sachs Group Inc. shares dropped by $950 million after regulators sued the bank for misleading clients on the sale of securities tied to the subprime mortgage market.
Fixed-annuity sales are about to receive a new layer of supervision from state regulators.
Previously, the suitability rule imposed an obligation on insurers only with respect to variable annuities. Now it includes variable annuities as well.
After the rally of 2009, uncovering undervalued stocks got a lot harder. And lately, even upbeat economic news has failed to boost the market. No wonder investors are having a dickens of a time finding reasons to buy.
TIAA-CREF aims to add to its $2 billion holdings of farmland to help diversify its portfolio and hedge against inflation, said the pension-fund manager's director for private-equity investments in agriculture.
Latest to leave embattled firm since the federal government's bailout of American International Group Inc., the broker-dealer network's parent company
<i>InvestmentNews</i> last month invited a group of people to our office in New York for a frank discussion about retirement.
An often overlooked, but valued industry measurement.
The indie B-D industry took a giant step backward last year, with the largest 25 firms collectively reporting a 10.3% drop in gross revenue. <a href= http://www.investmentnews.com/apps/pbcs.dll/section?category=specialreporttemplate&issuedate=20100423&sid=BD0426> View the exclusive IN special report</a>
Thousands of people in New York voiced their distaste for the financial services industry, with Goldman Sachs execs serving as the latest target for their outrage.
Stocks are trading in a narrow range after the government said the economy grew at a slightly slower pace than expected in the first quarter.
While investors and advisers have crowed about the density of variable annuity prospectuses, officials at the Securities and Exchange Commission say that the products are generally too complex to describe in abbreviated set of disclosures.
Let the whole story out, come clean with what happened, and you might come out of this with your reputation and franchise intact.
A swarm of state and federal regulators made a bee line for Morgan Keegan on Wednesday. The reason? Alleged wrong-doing in the sales and marketing of mortgage-backed bond funds
Retail investors are flocking to new funds from BlackRock, Goldman Sachs and others that offer some protection against rising rates.
