Wealth managers say it's time all advisers look after the best interests of clients when offering financial guidance. In fact, scores of wealth managers have banded together in a non-profit that backs a higher standard of conduct. .
Generation X investors who handle their own portfolios trounced advisers last year. This does not necessarily bode well for the future of the business.
Ten years hasn't diminished the vivid memories of 9/11 for Paul Schatz, president of Heritage Capital LLC, a $110 million advisory firm based in Woodbridge, Conn.
A team of veterans from well-known Lockwood Advisors Inc. is creating a registered investment advisory firm that will create customized investment strategies and services for independent financial advisers, broker-dealers and institutions
Risk 3.0 Asset Management holds out the promise of predictable returns with limited volatility
Despite need to raise federal tax revenues, bank believes lawmakers will spare municipal debt
Although the debt ceiling bill passed, the national-debt iceberg continues to grow in size, threatening to sink the U.S economy
Sentiment now at lowest level in more than a year; recession chief worry
The head of Schwab Advisor Services apologized yesterday to the firm's RIA clients for sending a marketing piece sent Aug. 9 to advisers' clients who sponsor Schwab-run retirement plans.
RIA client assets that changed hands through acquisitions soared in the first half of the year but valuations of the firms are still below the 2008 peak, according to Schwab Advisor Services.
Wirehouse brokers looking for a new place to hang their license likely would make more money at a bank's brokerage unit or by going independent rather than moving to another wirehouse.
Robert W. Baird & Co. has lured father-son team M. William McCollum Jr. and Travis McCollum from Wells Fargo Advisors LLC to work in its Charlotte, N.C., office.
The liquidator of Bernard Madoff's firm, Irving Picard, reached a settlement with more than a dozen funds associated with hedge-fund firm Tremont Group Holdings Inc. by accepting a cash payment of more than $1 billion.
With the flood of new regulations facing investment advisers, clearing and custody firms are taking on a larger supporting role for their clients.
A year after pulling off the high-profile acquisition of a leading network of independent broker-dealers, Lightyear Capital LLC, which is controlled by former PaineWebber chief executive and chairman Donald Marron, is back in the market looking to raise more than $1 billion from investors.
Financial advisers are bumping into one another trying to win new accounts among affluent investors, but they can add some profitable business from less obvious market segments — one of which is investors who have never had a financial adviser.
Banks stuck with troubled real-estate-related loans. An economy in the doldrums with high unemployment. No, that isn't a snapshot of today's economy. It is what the United States looked like 30 years ago, as it emerged from the recession of 1980
Searching for a “transformational business model,” Bank of America Merrill Lynch private banking vets Paul A. Pagnato and David W. Karp have joined HighTower Advisors LLC.
