It’s no longer business as usual on Wall Street. Starting yesterday, broker/dealers must follow a new SEC rule that requires them to disclose at certain times that they may not be acting in their clients’ best interest. The change...

Alleged takeover talks between Morgan Stanley and institutional money manager BlackRock have reportedly been called off due to a runup in BlackRock’s stock price, CNBC reported on Feb. 1. Shares of BlackRock (BLK) have risen 11 percent since...

Charles Schwab has managed to reverse its fortunes in a relatively short period of time thanks to a smart ad campaign and major cost-cutting.

Management of A.G. Edwards is trimming its compensation and raising the performance expectations it has on brokers. As the brokerage industry moves upmarket and seeks better return on equity and profit margins, the pressure for reps (and their...

Merrill Lynch, in an effort to bolster distribution of its poor-selling proprietary funds among third-party financial advisors, unveiled on Monday a new retail asset-management brand name: Princeton.

Merrill Lynch, in an effort to bolster distribution of its poor-selling proprietary funds among third-party financial advisors, unveiled a new retail asset management brand on Monday. The firm also denied that it was prepping the unit for a...

You would be hard pressed to find anybody in the retail investment business who thinks the industry is under-regulated. But the most put-upon group of all may be independent broker/dealer organizations. At least that’s what you would have...

Morgan Stanley CEO John Mack may have thought the ship was turned, that the embattled firm had finally put its regulatory and management embarrassments behind it. After all, Mack spent the past seven months performing a little management hygiene...

Merrill Lynch CEO Stanley O’Neal was once again among the highest paid Wall Street executives in 2005. As the head of the world’s largest securities firm, he took home $20.2 million in stock last year.

Hedge funds are not the money magnets they once were. While they continue to take in funds, they’re not doing it as fast as they once did.