Two hedge funds are pressuring TD Ameritrade to sell out to E*TRADE or Schwab, according to press reports.
Morgan Stanley’s board of directors has approved the spin-off of Discover Financial Services.
Prudential Financial today announced that it would close its equity research and trading business, with a loss of some 420 jobs.
MetLife Inc.'s Investors Group has promoted Elizabeth M. Forget to senior vice president, the insurer said today.
Scot Warren was appointed managing director for equity indexes at the Chicago Mercantile Exchange, according to a statement from the exchange.
Jesper Koll, an economist for Merrill Lynch based in Japan, has resigned from his post, published reports said.
Bear Stearns has joined with a group of Saudi Arabian executives to provide investment products that comply with Islamic law.
Wealthy investors who use registered investment advisers are only indexing 3.8% of their marketable securities.
Great-West Life bought Boston-based Putnam Investments to obtain "instant recognition" in the U.S. market.
The fear of mergers-and-acquisition agreements’ going sour increasingly is being eased by insurance, according to industry experts.
Bracing for change, registered representatives at A.G. Edwards & Sons Inc. last week met the news that they are being acquired by Wachovia Corp. with a range of opinions.
Faced with intense competition for financial advisers and growing transition costs, an increasing number of independent-contractor broker-dealers over the past year have boosted the amount of money they give to representatives and advisers to switch firms.
NEW YORK — The Certified Financial Planner Board of Standards Inc. has adopted a revised version of its standards of professional conduct, placing a greater emphasis on the importance of fiduciary responsibility.
The son of former National Enquirer owner Generoso Pope Jr. is fighting his mother in a battle that has all of the makings of a story that the elder Mr. Pope might have splashed over the cover of his lurid supermarket tabloid.
Edward C. “Ned” Johnson III has given the adviser services business at Fidelity Investments approval to loosen temporarily constraints on its profit margins in a bid to gain market share among advisers.
OTTAWA — A funny thing happened on the way to a “hollowed out” corporate Canada. Instead of foreigners’ taking over Canadian companies and moving top jobs and decision making offshore (InvestmentNews, March 26), Canadian companies are acquiring foreign companies in record numbers.
NEW YORK — Although institutional investors have hopped on the socially conscious investing bandwagon, individual investors may be wondering whether it really pays to allow their conscience to dictate their investment strategies.
SAN FRANCISCO — With its planned $225 million cash purchase of Fiserv Inc.’s custody business, announced May 24, TD Ameritrade is trying to do more than solidify its hold on the No. 3 position among RIA asset custodians.
What has four feet, lives in a stable and could be your next investment? With the 139th Belmont Stakes coming up this Saturday, horse money can be found not just at the betting window but also in the thoroughbreds themselves.
CHICAGO — Wall Street’s eagerness to develop and sell exotic new products to the nation’s growing ranks of retirees is worrying regulators.
