Bloomberg.com is reporting today that the legendary fund manager Bill Miller has lost his touch. After 15 years of outperforming the S&P 500, Miller, the manager of the Legg Mason Value Trust (LMVTX), has slipped into a funk, and assets in the...

Yesterday Wachovia announced a new CEO to replace Ken Thompson: Robert Steele, previously a vice chairman at Goldman Sachs, and currently undersecretary of the Treasury until Wednesday.

Increased regulation of the brokerage industry in the wake of the subprime crisis and Bear Stearns debacle could tighten the screws on brokerage business revenues and margins, says Ladenburg Thalmann analyst Dick Bove in a research report today.

Ladenburg Thalmann analyst Richard Bove today suggested that Morgan Stanley’s former CEO, Phillip Purcell, who was ousted after a nasty flap with a group of dissident shareholders, should be named the new CEO of Wachovia Bank.

Already cash-strapped and struggling under the weight of sub-prime mortgage debts, Wachovia could be forced to shell out big bucks.

Florida recently became the first state to adopt a law that makes the mandatory arbitration clauses in trust documents truly mandatory. This landmark legislation has the potential to provide a solution to a dilemma now experienced in every other U...

FirmCityWebsiteAUM (mil) 5/31/082006 AUM (mil)Difference (mil)Percent ChangeTotal Accounts InvestmentNumber of AdvisorsNumber of Clients1. Veritable LPNewtown Square, Pa.www.veritablelp.com$9,410$7,284$2,12629%1,90611-50more than 5002. Silvercrest...

With credit conditions tightening and student loans drying up, here are some less traditional sources of funding your clients can tap to fund higher education for their kids.

It's halftime in the game of 2008. If you want to come out a winner, this is the moment to assess whether you’re on track and readjust.

Ask successful small-business owners if they are happy with their annual IRS tax bills and most will moan and groan. That was the case with Bob Johnson, founder and CEO of Johnson Insurance & Financial in McKinney, Texas. Fortunately, he found a...