Wealth Management industry news covering the financial markets, trends and wealth professionals.
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In 2003, the mutual fund industry got slammed when the Securities and Exchange Commission started investigating the market timing and late-day trading activities of several fund families, including Putnam Investments, Janus Capital Group, Invesco...
Registered Rep.’s top-rated 2010 independent broker/dealer advisor Ron Carson has announced plans to leave LPL Financial (Nasdaq: LPLA) to become an independent registered investment advisor in July and start his own broker/dealer later this...
In a revolutionary step forward, Raymond James Financial and Commonwealth Financial are putting the “social” back into social media—they will begin allowing their advisors to interact with and engage in conversations with others...
After months at the negotiating table with clients who filed arbitration and class action claims against the firm, Securities America is one step closer to getting the OK on a $150 million settlement. Friday, Judge W. Royal Furgeson Jr. of U.S...
The Kentucky Derby has been called the fastest two minutes in sports. But after the thoroughbreds thunder past the finish line at Churchill Downs during the 137th running of the storied race on May 7, another competition will begin to gather speed...
Ameriprise needs to find a buyer for Securities America in a hurry. Many advisors, including large producers, are likely to leave now that Ameriprise's intention to sell has been made known, sources told Registered Rep. The IBD will probably be...
With interest rates and inflation expected to rise in the months ahead, investors and advisors are focusing their attention on managing the risks in their fixed income portfolios, according to panelists at Wednesday’s Closed-End Funds and...
The Investment Management Consultants Association announced Wednesday that its popular CIMA certification is now accredited by the American National Standards Institute (ANSI), making it the first of the major wealth management designations to...
Online options brokerage optionsXpress had been looking for a merger partner for nearly three years before it accepted an offer from Charles Schwab Corp. in March, according to a filing with the Securities and Exchange Commission. Growing...