A former Lazard Freres banker was charged Wednesday with insider trading.
Many of your retired clients are discovering that their accumulated savings are insufficient to meet their current expenses, which translates into a need for more retirement income.
When introduced about a decade ago, account aggregation was touted as a major adviser solution.
Sid Blum had been running his own firm, GreenLight Fee Only Advisors, for more than three years when in April he received a threatening legal letter from the hedge fund led by legendary short-seller David Einhorn.
The broker recruiting wars are heating up, with wirehouses jacking up their offers to new heights to lure more representatives in 2010.
President Barack Obama is asking bank executives to support his efforts to tighten the financial industry, while bankers are prepared to tell the president he should stop oversimplifying their concerns if he wants good-faith collaboration.
For many financial services firms, planning a holiday party this year is less about raising employees' spirits and more about keeping celebration costs low.
It came as no surprise to Cathy Curtis when MORE, a glossy women's magazine, recently ranked financial adviser as one of the 10 best professions for women over the age of 40.
For years, James Barnash brushed aside conflicts at work, hoping the situation would get better. But instead, it made things worse.
Take a moment to think about a store you visit regularly, a family physician from which you never stray or a dentist you always recommend.
A startup, LinkedFA, is described in a press release as the “first and only Finra-compliant social-networking site for financial professionals.” The site is supposed to be launched sometime in the coming weeks after it has its first 15,000 subscribers.
The House today killed a proposal that would have given the Financial Industry Regulatory Authority Inc. the authority to regulate investment advisers at broker-dealers.
Morgan Stanley Smith Barney LLC is entering into the recruiting wars with its guns blazing and is creating a potential pay package for new advisers that will match that of its rival Merrill Lynch & Co Inc.'s Global Wealth Management unit.
Regulations proposed last week by the Internal Revenue Service would leave brokerage firms little time to begin reporting cost basis information to customers.
In the wake of the alleged insider-trading ring involving hedge fund manager Galleon Group, compliance departments at asset management firms and broker-dealers are stepping up their vigilance.
