A consensus is forming that financial regulatory reform should include provisions to require anyone providing advice to adhere to a fiduciary standard of care.
Fed up with the recent volatility in publicly traded stocks and mutual funds, some sophisticated investors are looking to alternative investments for portfolio diversity and enhanced returns.
It isn't surprising that, as reported in InvestmentNews last week, many financial planners and advisers are feeling stressed and depressed.
Interest in Section 529 college savings plans that are backed by the Federal Deposit Insurance Corp. is picking up amid the stock market's downturn.
Many advisers don't believe that the market has bottomed, even though the Dow Jones Industrial Average rallied for four days last week.
Bernard Madoff's face has been plastered on magazine covers and in newspapers, but artist Yan Pei-Ming has taken the confessed Ponzi schemer's image one step further.
The Charles Schwab Corp. is giving a reprieve to advisers upset with its decision to stop taking custody of hedge funds, real estate assets, private equity and other forms of alternative investments, but it will not reverse the ban.
Congress should enact legislation mandating that all investment advisers and money managers come under fiduciary standards, John Bogle, founder and former chief executive of The Vanguard Group Inc. of Malvern, Pa., said today.
A Seattle man has filed suit against his financial adviser for failing to conduct appropriate due diligence and for investing his money with Tremont Group Holdings Inc. of Rye, N.Y., that placed funds with convicted swindler Bernard Madoff.
A systemic regulator for the country’s economy and financial system is likely to be put in place by the Obama administration.
Employees at Putnam Investments will work longer hours starting May 4 when a companywide change in the workweek is implemented.
Perkins Investment Management LLC today announced that the Perkins Small Cap Value Fund (JSCVX) will reopen to new investors.
Thousands of anxious clients with accounts in companies controlled by Texas financier R. Allen Stanford, who is accused by the Securities and Exchange Commission of running an $8 billion fraud scheme, received long-awaited good news from a federal judge in Dallas yesterday.
Bernard Madoff's lawyers are appealing a judge's decision to revoke his $10 million bail and send him to jail to await sentencing.
Jon Stewart hammered Jim Cramer and his network, CNBC, in their anticipated face-off on "The Daily Show," repeatedly chastising the "Mad Money" host for putting entertainment above journalism.
China's premier is worried about its massive holdings of Treasuries and other U.S. debt, appealing to Washington to safeguard their value.
The Reuters/University of Michigan consumer confidence index rose to 56.6 this month, from 56.3 in February.
McLean Wealth Advisors announced today the launch of a fee-based platform for its investment advisory services business.
