The SEC deserves a pat on the back for eliminating the requirement that a securities industry representative sit on Finra arbitration panels. Still, its obligation to assure that investors get a fair shake in disputes with their brokers remains unfulfilled.
The Securities and Exchange Commission yesterday approved a Financial Industry Regulatory Authority Inc. proposal to give investor claimants the option of using all-public arbitration panels.
Ameriprise Financial Services Inc. advisers Dave Dryden, Travis Carter and Wayne Smith were running their own independent office, in their own building, with their own staff.
The merger of the New York Stock Exchange and the Deutsche Boerse bodes ill for individual investors, not because ownership and the headquarters of the combined exchange will be outside the United States, but because of the trends that produced it
Two years after their regional firm, Piper Jaffray & Co., was bought by UBS AG in 2006, Wayne Wagner, Scott Stoltenberg and Laura Swift came to the conclusion that their Davenport, Iowa, practice just didn't fit in with the global giant
Assets to the RIA channel have more than tripled over the last ten years, a trend that is 'redefining the way investment advice is delivered'
Wells Fargo & Co. may expand by taking over non-bank companies, including wealth-management or insurance businesses, chief executive officer John Stumpf said.
Wilmington Trust Co., the Delaware bank founded by the du Pont family and being bought by M&T Bank Corp., sued three former company vice presidents who defected to Citigroup Inc., allegedly with proprietary data.
Mounting worries about state and local governments' growing budget deficits have transformed the municipal bond market from a sleepy safe haven for conservative investors into a rowdy roadhouse for intrepid investors
Who are the RIA Giants? Which firms were the fastest-growing? Find out in the latest edition of the <i>InvestmentNews</i> Top RIA Rankings.
Western & Southern Financial Group Inc.'s decision to base its variable annuity investment options on exchange-traded funds is a positive for the insurer, allowing it to better manage market risk tied to the products, according to Moody's Investors Service
Bring on the fiduciary standard. In a recent InvestmentNews survey of almost 600 advisers, registered reps, financial planners, insurance agents and others, 69.2% said that they agree with the SEC's staff recommendation that any financial professional giving personalized investment advice be deemed a fiduciary
While he's too modest to boast about being a successful entrepreneur, Marty Bicknell is the first to admit that he's a poor prognosticator
Advisers soon will see whether last week's reaction to events in the Middle East and North Africa will reverse the slow return of investor confidence that markets have been enjoying
Will serve as managing director for firm with $7.1B in AUMs; outfit started out as John D.'s family office in 1882
Execs at wirehouses may say their businesses are not threatened by RIAs, but assets managed by independent, fee-based advisers are surging
Adviser Investments purchasing Kobren Insight; said to be management buyout
Republican leaders in Washington should stand down in their efforts to block the revival of the popular Build America Bond program
Charles Schwab aims to attract smaller RIAs by expanding its retail network
