Despite initial resistance, a few independent-broker-dealer firms have begun to allow their financial advisers to serve as fiduciaries, following pressure from the advisers themselves.
Chief executive Eric Schwartz is handing the title of president to chief operations officer Amy Webber.
The SEC has voted to give some non-discretionary advisory accounts limited relief from principal trading restrictions.
NAPFA has teamed up with the Hueler to launch a platform that allows fee-only planners to purchase institutionally priced annuities for their clients.
The registered investment adviser will pay $32.5 million to settle market-timing charges with the SEC.
Assets for 529 college savings plans managed by Fidelity Investments grew nearly 60% for the past year to $13.5 billion.
Fidelity Registered Investment Advisor Group today became Fidelity Institutional Wealth Services.
Marsh & McLennan Cos. stock slipped after Brian M. Storms stepped down as CEO of Marsh Inc. on Friday.
Insurance regulators are joining the attack on investment fraud that targets older Americans.
Compensation for financial advisers continues to skyrocket, and the profession will become even more lucrative, according to a study released last week.
The municipal bond market is recovering after a period of extreme turmoil last month during which buyers disappeared and trading froze up. Despite a strong rally since then, observers say, some longer-term municipal bonds still offer yields almost equal to taxable paper — an extremely rare event — and remain attractive buys.
With the cost of credit rising, companies struggling to raise cash in either the debt or equity markets have been increasingly looking for alternative financing through private investments in public equity, also known as PIPEs, turbocharging an already booming market.
The escalating battle between A.G. Edwards & Sons Inc. and Stifel Financial Corp. is now in the courts.
Investors and financial advisers should take the Federal Reserve Board’s monetary policy into account when making portfolio allocation decisions, according to a new academic study.
Given the voracious appetite of broker-dealers, there simply aren’t enough big-producing brokers available for recruitment, according to a new industry report.
Securities and Exchange Commission officials are drafting a document that defines suitability as it relates to the sale of securities. “The document is an extensive and comprehensive view of securities and case law in this area,” including some useful examples, Erik Sirri, director of market regulation, said at the SEC’s second annual Seniors Summit.
With the help of financial advisers, baby boomers are putting more money into donor-advised funds.
Variable annuities, once the misunderstood child of the financial planning industry, are finding a new place in advisers’ hearts now that distributors are guiding them through the products’ complexities.
A generation gap between younger and older financial advisers is widening around the issue of career growth for those who are newer to the profession, observers say.
Craig A. Merdian has joined New York Life International as executive vice president and CFO.
