A number of senators, Republican and Democrat, are scrambling to get on the fiduciary bandwagon following last weeks' Goldman Sachs hearings. A flurry of amendments have been, or will be, introduced this week that would apply the fiduciary...
Squeezed by investor lawsuits, rising compliance and insurance costs, as well as departing advisors and clients, more of the industry’s smallest independent broker/dealers will fail or merge with other firms this year, say industry observers.
UBS Wealth Management Americas saw further net client asset outflows in the first quarter, but the pace slowed to $6.53 billion from the roughly $10.98 billion of client assets withdrawn in the fourth quarter. Improving market conditions softened...
Subprime Backed Securities Bite Morgan Keegan ...
Mergers and acquisitions might be crawling back to the top of RIA principals' to-do lists this year as the first quarter's numbers show record activity. There were 24 M&A deals among Schwab RIAs during the first quarter of 2010. That's a record...
Why is the regulator always Gone Fishin' when it comes to employee rights?
The nest eggs of high net worth Baby Boomers got clobbered during the financial crisis. Between 2007 and 2008, their investable assets plummeted by 22 percent, to $5.3 trillion, according to recent research by the Corporate Executive Board...
Edward Jones, now about 90 years old, “has prospered by dispensing buy-and-hold wisdom to small clients in small places.” That’s how we put it on our April 2006 cover story on the firm. But now Edward Jones is doing something...
Why did the SEC miss a 2002 letter that warned about the Stanford Ponzi scheme? An SEC internal investigation blames "institutional influences" within the SEC. The SEC investigation report release date? The day the SEC brought the fraud case...
