Exactly how Tremont Group Holdings plans to defend itself against claims that it was “reckless” with client money that was invested in Madoff funds is something those affected by the Madoff scandal—...
Schwab executives predicted a decline mergers & acquisitions between RIAs in 2009, as potential sellers hold out for a stronger market and a better deal. With asset levels way off, valuations have plunged.
There are some folks in the industry actually doing relatively well these days. Seriously. LPL Financial said today its new-ish RIA platform now has over $1 billion in new assets.
Legislators in Washington have revived an old debate about the regulation of the insurance industry: Should a single federal authority replace the disjointed state-by-state system that is in place now?
If the Obama administration and House Representative Rob Andrews of New Jersey have their way, the independent contractor rep may become a thing of the past.
A lot can happen in a few years. Back in 2005, Morgan Stanley was at risk of losing its wealth management business during a very public conflict between then-CEO Philip Purcell and its shareholders. Today, Morgan is...
RR: As a rep with AIG, how have you handled client concerns? MG: Since we're independent, our clients are comfortable that it's Meg Green & Associates they're doing business with; our brokerage firm is Royal Alliance...
Despite a $45 billion capital injection from the government in 2008, Citi is in dire enough need of capital that it is planning to spin off its retail brokerage operation, Smith Barney, according to reports, in a...
