Senator Tim Johnson (R- S.D.), incoming Senate Banking Committee Chair, began floating an amendment last week that would eliminate from Senate regulatory reform legislation the application of a fiduciary standard to investment advice provided by...
Multiple publications have reported recently that the massive switching of firms in the advisor population will subside this year, and that 2010 will be about staying put and focusing on growing your books. For top producers, wirehouse recruiting...
While some growth managers seek companies that are reporting the most rapid earnings gains, Janus Fund (JDGAX) avoids the highflyers. Instead, the fund favors predictable blue chips. The aim is to find dominate businesses that can grow steadily...
A former Citi broker doesn’t have to pay back the full amount owed on his sign-on bonus, a FINRA arbitration panel ruled this week.
The FT reports today that “overseas investors bought up Japanese equities at the fastest pace in three years in January as global asset managers rebalanced portfolios towards the country’s equity market from underweight positions.” For more...
UBS’ U.S. wealth management division posted income of CHF $178 million in the fourth quarter of 2009, up 62 percent versus the year ago quarter. Clients continued to withdraw significant assets from the firm both in the U.S. and around the...
