In a mixed sign for the U.S. economy, 59% of independent investment advisers surveyed by The Charles Schwab Corp. in late January said they expect consumer savings to increase during the next six months.
Law enforcement officials go undercover to catch fraudsters, scammers and crooks
Morgan Stanley Smith Barney made an attempt to use the legal system as a bludgeon against a team departing to HighTower while Goldman Sachs did the same with a team departing to Credit Suisse.
Financial advisers this tax season are coping with what they say is an unprecedented level of client anxiety over recent tax code changes and the potential for higher taxes.
Sen. Tim Johnson, D-S.D., is circulating legislative language that would delete a requirement that brokers acting as advisers be registered investment advisers.
Two life insurers are suing a trio of broker-dealers, accusing them of fraudulently selling to third parties variable annuities with lucrative death benefits on terminally ill individuals.
A bill introduced last week in the California Legislature would require money manager placement agents to register as lobbyists and regulate their compensation.
Carlos Slim, the world's richest man according to Forbes magazine, has acquired shares of BlackRock Inc., the world's biggest money manager, expanding his U.S. holdings.
Twenty years ago, investment adviser Greg Merlino woudn't take on clients unless they had at least $250,000 of investible assets.
The Charles Schwab Corp. has begun calling clients of some registered investment advisers to verify that they have authorized wire transfers of funds from accounts held in custody at the broker-dealer.
Financial advisers and branch managers chose American Funds as the firm which best meets their needs for marketing materials, according to a study released today by Financial Research Corp.
The self regulatory organization ruled that Schwab's human resources group committed “gross negligence, and contributed to the damages suffered” by a former employee who claimed the brokerage had made defamatory comments on his termination notice.
Forty-two percent of surveyed reps plan to boost such spending, while 41% plan to cut spending on bonuses.
Stiff competition thwarted many of the nation's biggest RIA firms last year.
A former financial adviser from Plymouth, Mass., has pleaded guilty in federal court to embezzling $4.3 million from his clients and using the money for personal expenses, including to make mortgage payments and pay his daughter's college tuition.
The Obama administration has proposed a $90 billion to $100 billion levy over 10 years on large financial institutions, aimed at recovering the money that the government used to stave off financial disaster in late 2008 and early 2009.
Business leaders in the United States are becoming increasingly alarmed — again — about the state of the economy.
Retail brokerage Charles Schwab Corp. said Friday that its clients' daily trading volume rose 8 percent in January compared with the same month a year ago.
