Wealth Management industry news covering the financial markets, trends and wealth professionals.
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Understanding the rules of investing can be a daunting task for clients, but some new data by Charles Schwab released today suggests the confusion may run deeper than you’d think.
AIG Advisor Group is in talks with a few mid-sized broker/dealers and larger offices of supervisory jurisdiction (OSJs), and hopes to make one or more acquisitions in the near future.
Jordan Waxman can handle the Ironman—he’s planning to run his fifth and sixth triathalons this year—but he couldn’t handle Bank of America bureaucracy.
When LPL Financial, a self-clearing independent broker/dealer, rolled Pacific Life's broker/dealers onto its self-clearing platform in 2009, many advisors protested. But for Jennifer Tanck, president of Independent Financial Partners, an LPL...
Independent broker-dealer WFP Securities went out of business fighting claims they put clients into risky private placements and non-traded REITS. Yesterday, they got a bit back.
Five years after blowing up his firm in the mortgage crisis, Stanley Brooks was ordered to pay the maximum penalty of $10 million for fraud charges by a federal judge in Los Angeles.
While retail investors are exiting equity mutual funds like no other, dividend-focused mutual funds are actually reaping the benefits of investors’ search for yield.
You can’t very well tell the IRS that their check is in the mail. But a new iPad application by Fidelity Investments allows investors to make deposits into Fidelity IRAs via the Apple tablet. Taxpayers can use the iPad camera to photograph...
In this excerpt from his book Backstage Wall Street: An Insider’s Guide to Knowing Who to Trust, Who to Run From, and How to Maximize Your Investments, Joshua Brown comes clean about some of the more dangerous investment products Wall Street...