Protecting elderly investors is high on the priority list of the SEC, judging from speeches and notices to members. And it made it clear today firms that tolerate brokers who exploit elderly clients will pay.

Growth can be a conundrum for many independent investment advisors: How to achieve it? How to manage it? How to survive it? It's the classic tale for today's financial advisory business. As a firm principal, you see the opportunities in front of...

Disgraced former Enron CEO Kenneth L. Lay is dead and cremated, but prosecutors are still pursuing his assets

Broker-dealers may get a long wished for break from the burdens of principal trade regulation for the investment advisor side of their businesses—for a little while anyway.

The overtime suits keep on coming, as Charles Schwab became the latest target of the claims.

Last Wednesday, August 15, a DHL deliveryman uncovered over 100 animals (cats and dogs) living and dead in total squalor in the $2.4 million dollar Saddle River, NJ home owned by Merrill Lynch broker, Philip Tamis, 66 and his wife, Cynthia Stewart...

Subprime loans, margin lending, hedge fund collapses—for a majority of advisors the storm is still outside their clients’ portfolios.

Artists have always needed wealthy patrons. Bet you didn’t know that UBS’s headquarters at 1285 Avenue of the Americas (bet. 51st and 52nd streets) in New York City also serves as an art gallery, featuring four art shows a year.

For One Group Funds’ shareholders, the wait is over. Today, the SEC said that roughly $55.6 million in so-called “fair funds” have been distributed to more than 200,000 investors who were bilked by fraudulent market timing...

Merrill Lynch won big last week in the aggressive industry-wide recruiting war for top advisors. The firm recruited away from UBS a team of three producers, and their support staff, with $2.5 billion in assets under management and $5.5 million in...