Wealth Management industry news covering the financial markets, trends and wealth professionals.
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Squeezed by investor lawsuits, rising compliance and insurance costs, as well as departing advisors and clients, more of the industry’s smallest independent broker/dealers will fail or merge with other firms this year, say industry observers.
UBS Wealth Management Americas saw further net client asset outflows in the first quarter, but the pace slowed to $6.53 billion from the roughly $10.98 billion of client assets withdrawn in the fourth quarter. Improving market conditions softened...
Mergers and acquisitions might be crawling back to the top of RIA principals' to-do lists this year as the first quarter's numbers show record activity. There were 24 M&A deals among Schwab RIAs during the first quarter of 2010. That's a record...
The nest eggs of high net worth Baby Boomers got clobbered during the financial crisis. Between 2007 and 2008, their investable assets plummeted by 22 percent, to $5.3 trillion, according to recent research by the Corporate Executive Board...
Edward Jones, now about 90 years old, “has prospered by dispensing buy-and-hold wisdom to small clients in small places.” That’s how we put it on our April 2006 cover story on the firm. But now Edward Jones is doing something...
Why did the SEC miss a 2002 letter that warned about the Stanford Ponzi scheme? An SEC internal investigation blames "institutional influences" within the SEC. The SEC investigation report release date? The day the SEC brought the fraud case...
During the rough markets of the past decade, Marathon Value Fund (MVFPX) the fund returned 6 percent annually during the ten years through April 13, outdoing 97 percent of its large blend competitors.
Today’s Senate hearing with Goldman Sachs may increase the likelihood that a fiduciary standard for brokers will make it into Senator Christopher Dodd’s financial regulatory reform legislation.