Banking giant Wachovia Corp. will pay $160 million to settle a federal investigation into laundering of illegal drug profits through Mexican exchange houses in the largest case of its kind ever brought against a U.S. bank, prosecutors said Wednesday.
If such overplayed images as Roman columns, boats, or chess pieces populate your firm's website, it is definitely time for a redesign.
10 sure signs that your web presence desperately needs a face-lift. Immediately
Those of you who custody assets at Fidelity Institutional Wealth Services can now get a discount on Assette EasyReports through Fidelity's Practice Perks Program.
When Scott Leonard is sailing the Caribbean next year, he plans to have one hand on the tiller of his 50-foot catamaran and the other on his cell phone.
Over the past decade, increased competition and regulatory change have had a profound effect on the way financial products and services are sold.
The Certified Financial Planner Board of Standards Inc on Friday placed Oren Eugene Sullivan Jr. under interim suspension, keeping the ex-broker from using its credentials.
It's been a rough few weeks for Toyota Motor Corp. what with its recall of some 8 million automobiles due to faulty accelerators. Beyond the recall, Toyota didn't help itself with the way it handled the situation, with critics claiming the company was slow and not overly forthright in its response to the problem. Indeed, the once sterling image of the car maker has taken a shellacking in recent weeks. Lawmakers are probing the recall, consumer groups are angry, and tort lawyers are lining up to launch suits against the company. While financial advisers may not have to deal with a crisis of this magnitude, they often face problems involving their firms' credibility and reputation. Failing to handle the situation properly can have disastrous results, said Jane Ingalls, founder and president of Artemis Communications, who has coached financial advisory firms on crisis management. “As painful as it is to watch, the Toyota recall offers key lessons on crisis management,” Ms. Ingalls said.
Forty-two percent of surveyed reps plan to boost such spending, while 41% plan to cut spending on bonuses.
If you're planning to sell your practice, or you just want to build it up, be advised: there are number of ways to increase what a firm is worth
In a bid to confound counterfeiters, a new C-note will be unveiled next month
Firm failed to properly oversee a rep who allegedly duped two Florida municipalities, says SEC
Finding the right person to carry on the torch at your firm is difficult — if not downright impossible
The Jones family is in need of financial advice in a major way. InvestmentNews wants to know how you would advise this made-up 30-somethings couple, the first case study of a four-part series on lifestage investing.
Because financial products generally are sold and not bought, financial services companies traditionally have been great sales machines and lousy marketers.
Advisers are poised to expand their businesses this year — and are feeling good about their prospects — according to a new survey. What's more, most have high job satisfaction.
The Goldman Sachs Group Inc. is suing seven former employees of its private-wealth-management division who joined Credit Suisse Group AG for “pirating” the bank's clients and reps.
HighTower Advisors LLC chief Elliot Weissbluth last week shrugged off a “lift-out” lawsuit filed against the firm last month by Morgan Stanley Smith Barney, calling it baseless.
