NEW YORK — Advisers may want to exercise some tough love when their clients approach them about going back to school for an advanced degree.
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.
Federal court trials have started for Gregory L. Reyes, former chief executive of Brocade Communications.
Compensating brokers for servicing mutual fund shareholders was anticipated by the SEC when it first adopted12(b)-1 fees in 1980.
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.
WASHINGTON — Registered investment advisers are likely to outspend other financial intermediaries for compliance software, according to a recent report by Celent LLC, a Boston-based research and consulting firm.
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.
WASHINGTON — U.S. investors could face reduced protections if the Securities and Exchange Commission loosens restrictions to allow foreign brokerage firms to offer securities in the United States, according to some speakers last week at a daylong SEC public meeting on cross-border regulation.
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.
