Merrill Lynch, in an effort to bolster distribution of its poor-selling proprietary funds among third-party financial advisors, unveiled on Monday a new retail asset-management brand name: Princeton.
Merrill Lynch, in an effort to bolster distribution of its poor-selling proprietary funds among third-party financial advisors, unveiled a new retail asset management brand on Monday. The firm also denied that it was...
Merrill Lynch CEO Stanley O’Neal was once again among the highest paid Wall Street executives in 2005. As the head of the world’s largest securities firm, he took home $20.2 million in stock last year.
With Fidelity Investment brokers being linked with stories of drugs, prostitution and other forms of high-flying partying, the NASD and NYSE are proposing stricter rules to rein in spending on longstanding methods of...
Part of the fallout from the regulatory onslaught of the past three years has been a drastic overhaul in how mutual funds are sold. Regulators exposed longstanding marketing practices that quietly boosted the profits...
Eliot Spitzer may have fired the final cannon blast in his 27-month assault on the mutual fund industry. The crusading New York attorney general reached a settlement with Federated Investors last month that required...
Charles Schwab was slapped with a $1 million fine for failing to protect customer assets from a check-kiting scam engineered by its affiliated-but-independent registered investment advisors in mid-November. New York...
Financial advisors working at Edward Jones seem to be living a charmed life. Don't believe us, just ask them. When invited to rate the quality of life at the nation's seventh-largest brokerage firm, an overwhelming...
Building on its strong performance from a year ago, A.G. Edwards lit up the scoreboard this year. Edwards FAs rated the firm an impressive 8.8, tying the firm for first place with Edward Jones. Advisors say the St...
Back in the day, Janus Capital Group could proudly boast that its funds sold themselves. Individual investors paged through papers and magazines and feasted on ads describing the sizzling performance of its tech-heavy...
