Stocks have been in flux over the past few weeks as surprises kept coming from overseas. Greece's debt crisis, similar troubles in Portugal, and China's latest moves to slow down its economy have kept investors guessing.
The Securities and Exchange Commission plans to inspect just 9% of the 11,000 investment advisory firms that it oversees — the same percentage of firms it expects to examine this year.
Many investment advisers are trying to determine whether they will be subject to new audits under custody rules that take effect March 12, according to Chris Thompson, assurance partner in the asset management practice of PricewaterhouseCoopers LLP.
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.
Jeffrey Gundlach said his “inappropriate termination” by TCW Asset Management will simply give him and his mortgage-backed securities team an opportunity to create an even stronger investment organization to serve investors
A Securities America adviser named last week in a class action said he had no way of knowing that securities he sold would later blow up.
If the Securities and Exchange Commission won't protect shareholders, then the courts must — and they will.
A New York couple who lost more than $2 million on financial and health care stock investments made by their independent adviser in 2008 and who stopped opening their monthly statements has failed in a bid to collect damages from Fidelity Investments, the custodian for their RIA.
I would like to share a story about great client service from a financial adviser.
Asset manager Affiliated Managers Group reported a fourth-quarter profit on Monday, reversing a loss for the same period a year ago.
Deputy editor Evan Cooper on advisers, brokers, and TV. (Yes, TV)
Many investors approaching retirement view the stock market as too much of a gamble.
Hoping to address the income needs of retiring baby boomers, providers of exchange-traded funds are gearing up to introduce new income-oriented products.
A California couple has filed suit against The Variable Annuity Life Insurance Co., an American International Group Inc. subsidiary, claiming that the company's sales agents misled investors about the tax advantages of using variable annuities in qualified retirement plans.
Focus Financial Partners, armed with $50 million in new capital from private-equity backers, said last week that it has bought an interest in Bridgewater Wealth and Financial Management LLC.
The hearings of the Financial Crisis Inquiry Commission are off to a poor start, generating a whole lot of heat but not much light. If its chairman, Philip Angelides, and the other members of the commission don't
UBS Wealth Management Americas is beefing up its recruiting package in the chase for elite financial advisers, but the deal falls short of those recently offered by two top rivals.
Right now, defections to other firms aren't that common. But the big Wall Street firms could soon see an exodus of top-level brokers
