A broker at HighTower Advisors LLC, the startup with the sterling pedigree, has been sued over the sale of private notes into a feeder fund for what turned out to be a massive Ponzi scheme.
The Supreme Court's unanimous decision in Jones v. Harris may seem to be a setback for mutual fund shareholders who think that the fees charged by many fund companies are too high.
Unannounced exams of advisers — based on tips and complaints — are replacing pre-planned visits, says compliance big at securities regulator
Of those taxpayers who are getting money back, 30% said they intend to pay down debt, 28% say they will save or invest, and 26% anticipate spending their refund on food or utility bills.
A year after the financial equivalent of Hurricane Katrina struck, damaging the world's economies, devastating the major capital markets and demolishing major financial institutions, it is worthwhile to examine
Now that the days of generous variable annuities are behind them, some advisers are finding ways to fit the revamped, slimmed-down versions into clients' portfolios.
Swiss bank UBS AG posted a fourth-quarter profit of 1.205 billion Swiss francs ($1.12 billion) Tuesday, beating analysts' expectations partly thanks to a tax credit, but said rich clients' withdrawals had continued.
Deep-discount broker Scottrade is stepping up the marketing of its products and custody services to registered investment advisers.
When he was a teenager, Nathan Stibbs used to catch passes thrown by Peyton Manning during high school games. This week, he was thrilled to receive something else from the Indianapolis Colts star quarterback. Mr. Manning snagged a ticket to Super Bowl XLIV for his friend and former teammate.
Investment advisers should be closely examining the sweeping bill to overhaul American health care to determine how it will affect their clients' investment strategies.
President Barack Obama signed a major health care overhaul bill Today. Here are some of its features, along with details on a package of changes to the legislation under consideration by the Senate this week.
With the passage of the health care bill, investors will see the tax rate on long-term capital gains jump to 23.8%, raising questions for investors looking to protect their assets
An adviser who oversaw the wealth of a well-known Boston family allegedly led a "double life" and stole $57 million to buy several airplanes, houses, and timeshares for his family and his mistress, authorities said.
The debate over whether to take capital gains this year heated up yesterday when the House passed health care reform legislation.
Scott J. Brown, chief economist and senior vice president of equity research at Raymond James & Associates Inc., offers his daily market commentary.
Registered investment advisers are deeply concerned about new regulations and are sensitive to the impact of the financial downturn on their personal lives and finances, but they remain surprisingly upbeat about their jobs and their outlook on the economy, according to a new survey.
More than their friends, portfolio managers or corporations, investors trust their brokers or financial advisers, according to the first annual U.S. Financial Services Trust Barometer, sponsored by the Edelman public relations firm.
Investment adviser Richard Feight admits he's not very good at brewing beer, but he's found that the hobby helped him build business connections and network with clients.
