We know: The word broker is out of favor today, given that financial advisors are more advisor than broker. But we've been polling our readers about how satisfied they are with their firms for 18 years now (the survey is utterly confidential!). So...
Even in the toughest of times, Wall Street finds the cash to pad the pockets of its favorite politicians — or, at least, the politicians favored to win.
Can you ever have too many toilets? Well, yes. For residents of hedge-fund-manager and trader-haven Greenwich, Connecticut, 26 definitely exceeds the limit for a single home. Those who live on Simmons Lane, where Russian millionaire Valery Kogan...
Florida recently became the first state to adopt a law that makes the mandatory arbitration clauses in trust documents truly mandatory. This landmark legislation has the potential to provide a solution to a dilemma now experienced in every other U...
Jail Time For Long Island Advisor A New York financial advisor was sentenced to five to 15 years in state prison for stealing more than $11 million from 53 clients. Peter Dawson, president of Uniondale, N.Y.-based BMG Advisory Services, plead...
ETF fund assets and numbers continue to soar in 2008. As of May 31, there were 683 ETFs in the U.S., with assets totaling approximately $612 billion. ETF industry assets rose nearly $17 billion for the month of May, buoyed by positive performance...
They've got a lot of competition these days from so-called alternatives like ETFs and other products, many of which have been quickly lapping up new assets in recent years. But mutual funds' all-out dominance of the vast U.S. investment universe...
For 25 years, Alan Gladstone picked individual stocks for clients. Then five years ago, Gladstone, a senior vice president and financial advisor for Morgan Stanley, began switching to exchange-traded funds. Today nearly all his client assets are...
AIG Advisor Group hired Mark J. Schlafly as president and CEO of FSC Securities Corporation (FSC) and Advantage Capital Corporation (ACC). He will also assume responsibility for the AIG Advisor Group Elite Partner Program, and oversee the...
