Representatives and advisers at Brewer Financial, a Chicago-based independent broker-dealer, are said to be looking to jump ship after the Securities and Exchange Commission charged the firm and its top two executives with fraud in selling $5.6 million in promissory notes to 74 investors.
Advocates of a universal fiduciary standard of care for all advisers and brokers are hoping that the recent insider trading probe will help their cause.
In our industry, there is never a shortage of debate on the areas that affect the sale and delivery of financial advice to investors
Northern Trust Corp. long has championed its conservative heritage as a 121-year-old financial institution that eased through the Great Depression and most recently the Great Recession.
The debates in Congress about whether to extend the Bush-era tax cuts and unemployment benefits, and about the DREAM Act, which would give children of illegal immigrants a path to citizenship, have delayed action on another tax measure that must be addressed: the annual temporary fix of the alternative minimum tax
It's that time of year when you are talking to clients about taxes.
A new Finra rule could put a crimp in the business of brokers who run outside investment advisory and insurance businesses
Generous withdrawal benefits for variable annuities — albeit with limits — continued their comeback in the third quarter, according to a report from Ernst & Young.
Financial advisers are a grateful tribe, and one thing they all agree on as the nation counts down to Thanksgiving is that clients rank high on their list of blessings.
Although advisers to venture capital funds are exempt from registering with the Securities and Exchange Commission under the new financial reform law, determining the definition of venture capital could generate controversy.
With a market share more than twice that of its closest competitor, The Charles Schwab Corp.'s Advisor Services unit is the acknowledged king of the RIA mountain — and Bernie Clark intends to keep it that way
Fidelity Investments today is launching a service designed to help investment advisers who use the firm's custody services attract more business from wealthy clients by giving them access to its single-family-office services
The former CEO of Raleigh-based software firm Red Hat Inc. is suing his family's financial advisers, saying they misused $60 million.
Ron Carson, LPL Financial Corp.'s most prominent financial adviser, seeks to create a national wealth management franchise, joining the fray with other noted investment advisers desiring a national footprint.
The Great Depression was the trigger for the creation of the Social Security system, which greatly reduced poverty in old age.
A lawsuit over the theft of contact information for more than 6 million TD Ameritrade customers has been ordered into mediation, so the search for a satisfactory settlement will continue.
On October 29, the bond vigilantes, after being in hibernation for many years, suddenly awoke and fired a warning shot at the Federal Reserve, the stock market and millions of other investors.
But the road to riches is paved with lots of obstacles, experts say
Tougher regulation in the 401(k) marketplace is driving “dabblers” out of the plan advisory business, according to an industry executive.
