Sid Blum had been running his own firm, GreenLight Fee Only Advisors, for more than three years when in April he received a threatening legal letter from the hedge fund led by legendary short-seller David Einhorn.
The broker recruiting wars are heating up, with wirehouses jacking up their offers to new heights to lure more representatives in 2010.
President Barack Obama is asking bank executives to support his efforts to tighten the financial industry, while bankers are prepared to tell the president he should stop oversimplifying their concerns if he wants good-faith collaboration.
For many financial services firms, planning a holiday party this year is less about raising employees' spirits and more about keeping celebration costs low.
It came as no surprise to Cathy Curtis when MORE, a glossy women's magazine, recently ranked financial adviser as one of the 10 best professions for women over the age of 40.
For years, James Barnash brushed aside conflicts at work, hoping the situation would get better. But instead, it made things worse.
Take a moment to think about a store you visit regularly, a family physician from which you never stray or a dentist you always recommend.
The House today killed a proposal that would have given the Financial Industry Regulatory Authority Inc. the authority to regulate investment advisers at broker-dealers.
Morgan Stanley Smith Barney LLC is entering into the recruiting wars with its guns blazing and is creating a potential pay package for new advisers that will match that of its rival Merrill Lynch & Co Inc.'s Global Wealth Management unit.
Regulations proposed last week by the Internal Revenue Service would leave brokerage firms little time to begin reporting cost basis information to customers.
In the wake of the alleged insider-trading ring involving hedge fund manager Galleon Group, compliance departments at asset management firms and broker-dealers are stepping up their vigilance.
The focus for most advisers over the next three months will be on executing client reviews and completing the follow-ups. This is the most important service an adviser can perform for clients in today's market, so don't clutter your team's calendars with other activities. When done right, client reviews are an effective business builder.
Although costs are tight for many advisers, these types of client appreciation events remain extremely important — especially following last year's market collapse, which left many clients worried about their financial future.
Federal agents are seizing assets from a Florida lawyer suspected of orchestrating a multimillion-dollar fraud scheme.
The SEC today charged an unregistered hedge fund with operating a large-scale scheme that it said defrauded hundreds of investors millions of dollars.
It's very rare that an investor gets the expertise of an entire financial planning team, but at Budros Ruhlin & Roe Inc., that's exactly what they get.
For years, portfolio managers and financial reps around the country have used Modern Portfolio Theory in managing their clients' assets.
