If you're curious about how important workplace diversity is to Wall Street, consider the commotion that ensues when it's time to roll out the red carpet and honor the industry's inclusion luminaries.
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.
Without a doubt, 2010 is a far better time to start an advisory business than at any point in the last 30 years, according to the participants in <i>InvestmentNews'</i> technology round table
The following is an edited transcript of <i>InvestmentNews' </i>technoogy round table, held in New York Sept. 15
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.
Many financial professionals see client reviews solely as a time to discuss portfolio performance
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.
Offerings from American Funds, Fidelity Investments and The Vanguard Group Inc. had the biggest net outflows last year, according to Morningstar Inc.
It might be easier not to think ahead, but it isn't fair to leave clients high and dry
Merrill Lynch & Co., the Bank of America Corp. securities brokerage unit, won a U.S. judge's ruling denying a bid by 17 black financial advisers for group status in their five-year-old discrimination case.
Advisers who were impacted when the Massachusetts Securities Division sent out their confidential info to an industry media outlet are now voicing their furor.
LPL Financial yet again has fallen prey to a technology blunder that placed private client information at risk.
The war of words between Berkshire Hathaway and David Sokol is hotting up. This week, Berkshire Hathaway's audit committee said the company should consider suing Sokol -- once considered the likely successor to Warren Buffett -- for purportedly violating Berkshire's insider trading policy. Sokol's lawyer doesn't see it that way.
Hiring in the asset management business rebounded in 2010 after two sluggish years, but active-domestic-equity managers are on the outs, according to a recent report by executive recruiting firm Russell Reynolds Associates Inc.
Signs are emerging that Wall Street is looking to staff up after a long, painful purge.
But the road to riches is paved with lots of obstacles, experts say
Compensation packages rejiggered, but investment pros still pulling down more money; 'doing better than expected'
