CHICAGO — Data gathered by Boston-based research firm Cerulli Associates Inc. confirm what most observers have long suspected: Fidelity Investments is the nation’s individual-retirement-account powerhouse.
Scott Brooks has jumped from Brookstreet to Wedbush Morgan and has asked Brookstreet's reps to join him.
A.G. Edwards today reported first-quarter gains in net revenue and earnings, buoyed by gains in client assets and fee-based accounts.
H & R Block’s continuing struggles in its mortgage lending unit put a drag on fourth-quarter earnings.
Treasury Secretary Henry Paulson will propose an anti-money laundering framework for small banks tomorrow, The Wall Street Journal said.
Maurice R. Greenberg has sued current and former AIG directors and management, as well as PricewaterhouseCoopers.
Brookstreet Securities told its 500 or so affiliated reps and advisers that "disaster" had struck.
NASD has fined Wachovia $2 million for failing to adequately supervise its fee-based brokerage business.
Lehman Brothers plans to raise $500 million for a fund that invests in private equity companies, according to published reports.
Morgan Stanley scored record levels of income and net revenues during the second quarter.
Bear Stearns’ investment bank may lend $1.5 billion to save one of the company's struggling hedge funds, according to a Wall Street Journal report.
SAN FRANCISCO — After a year of frantic meetings with ex-clients, Thomas Pignone finally is breathing easier as he rebuilds his firm.
NEW YORK — While most investors are concerned about the effect that climate change has on the environment, few are investing in the alternative-energy sector, according to a recent report.
OTTAWA — In Canadian hedge fund circles, it helps to have a thick skin.
An increasing emphasis on family governance is having a galvanizing effect on the multifamily-office business.
Insurers increasingly are using trail commissions for fixed annuities to give finan-cial advisers an additional incentive to cultivate long-term client relationships.
In a bid to stand out among their peers and to be more competitive in the marketplace, an increasing number of small to midsize independent-contractor broker-dealers are offering sophisticated compensation plans, including stock ownership, to their affiliated registered representatives.
Postnuptial agreements are gaining popularity as an estate-planning tool, and some hedge funds and private-equity firms have asked their top executives to sign them to protect their companies in case of a messy divorce, according to attorneys and financial advisers.
In an effort to charge up its top registered representatives and financial advisers, Raymond James Financial Services Inc. is giving bonuses to its biggest-producing brokers.
Aiming to forestall defections and address merger-related anxieties, Wachovia Securities LLC and A.G. Edwards Inc. announced broker retention packages Friday.
