Continuing its focus on buying small to midsize firms, Royal Alliance Associates Inc. late last month completed a deal to acquire United Securities Alliance Inc.
A wealthy retired couple in their late 70s enjoyed an annual income of $80,000 but wanted to increase their standard of living.
SAN FRANCISCO — In need of an alternative to lackluster Treasury bond performance, financial advisers are helping a high-yield and low-profile cash product go mainstream.
Some insurers are taking away their advisers’ group health insurance and other employment benefits if proprietary-product quotas aren’t met, advisers say.
The growth of the financial planning profession overseas is in the fast lane, though there are some speed bumps, observers say.
A life insurer known mainly for its fixed annuities has thrown its hat into the variable annuity ring.
State regulators, led by Massachusetts’ William F. Galvin, are stepping up their attacks on financial scam artists who prey on senior citizens.
LPL Financial Services Inc.’s plan to acquire three broker-dealers owned by Pacific Life Insurance Co. came as little surprise to many in the industry, though the deal has raised a few key questions, industry observers and advisers say.
Ultrawealthy clients with investible assets of $40 million to $50 million rapidly are emerging as one of the most coveted segments of the wealth management business.
Industry observers are worried about the potential effect of an NASD proposal to eliminate the definition of “office of supervisory jurisdiction” and in its place create four new branch-office categories.
The Financial Services Institute Inc. hopes to bend the ear of the consulting firm chosen by the Securities and Exchange Commission to consider the effect on investors of applying differing regulatory standards to broker-dealers and investment advisers.
NEW YORK — The ever-evolving need for assisted-care facilities for the elderly and increased concern over energy policy have created opportunities for municipal bond portfolio managers.
After 15 years of serving their common clientele separately, Schwab Institutional and Cambridge Investment Research Inc. are showing those dually registered advisers a united front in recruitment, service and reporting.
In a huge survey of its clientele, Schwab Institutional documented what financial advisers have been screaming about for years.
NEW YORK — Once the domain of the Corn Belt, the biofuel industry is heating up across 41 states, thanks to the emergence of biodiesel.
NEW YORK — Commonwealth Financial Network of Waltham, Mass., said it is giving pay raises to 400 of its advisers effective April 1, increasing the payout for advisers once they reach $25 million in assets on the firm’s proprietary managed money system.
WASHINGTON — A new financial product will allow traders to bet on which way the wind blows. The Chicago Mercantile Exchange today began selling hurricane futures contracts and options on futures contracts.
