In the Name of Love: Shane Selewach, a registered rep at the Hyannis, Mass., branch of Ameriprise Financial Services from 1997 to April 2006, was accused in late August in a complaint by William Galvin, Secretary of the Commonwealth of...
MFS Investment Management, long rumored to be on the auction block due to lagging profit margins, middling performance and increasing regulatory demands, could be mere days away from a blockbuster merger with another large asset-management firm...
The NASD has fined Securities America $2.5 million for failing to supervise an advisor who allegedly lured clients into early retirement with exaggerated promises of high returns...
Wesley Tate has joined Morgan Stanley after 20 years with Smith Barney.
Plenty of advisors shun global funds, which own a mix of U.S. and international stocks. The problem is that global portfolio managers can adjust their allocations, holding 40 percent of assets in the U.S. one year and 60 percent the next.
A recent survey suggests investors have higher rates of satisfaction with regional and independent broker/dealers than with wirehouse firms.
Wachovia's decision to let employee reps transfer to its independent channel will help it retain top producers, but will it squeeze margins? Other firms will be watching
The financial executives and regulators who are in the vanguard
Ameriprise seems to be doing just fine without the backing of its former parent company, American Express. The firm had a good second quarter, meeting analyst consensus expectations, enjoying strong asset flows, improving advisor productivity and...