News

In our litigious times, prenuptial agreements are becoming "wackier" and more prolific than ever. Some husbands, according to a survey by the American Academy of Matrimonial Lawyers and described by the New York Post, are even spelling out "how...

Ever since Warren Buffett announced his intention to give away a massive chunk of his fortune in June, advisors say they have noticed an increased enthusiasm for philanthropy among wealthy investors. But that enthusiasm may not be finding adequate...

Another assault on deferred compensation fails. After going two for three in a unique tug of war involving both the arbitration and court systems, former Smith Barney broker James McCarthy is likely throwing in the towel in three-year fight for...

For most financial advisors, the 529 College Savings has never been an easy sell or a big moneymaker. But, in the past six weeks, Bradley Pace, president of Pace Capital Management, says he’s had about 70 potential clients fill out...

The biggest asset-management deal in history officially closed today. BlackRock, the nation’s third-largest bond fund manager, said it has completed its takeover of the asset-management arm of Merrill Lynch; the union is one of the world&...

Merrill Lynch announced Monday that it has elected two new members to its board of directors, one of whom is a British human rights activist. The move, effective on Oct. 1, is likely geared toward alleviating some of the pressure from its ongoing...

On a Brazilian beach, a Merrill Lynch private banker is caught on a video in flagrante delicto with an MTV personality and former girlfriend of soccer great Ronaldo. Do you think this will help the Merrill’s broker business or hurt it...

The after-effects of Warren Buffett's $31 billion gift to the Gates Foundation -- like any other seismic shift -- continue to circle outward.

Less than 10 years after they settled the infamous “boom-boom room” case, Smith Barney is being sued for discrimination again.

What questions do you dread when you are exploring a client’s financial needs? The Dow Jones Wealth Management Advisory Council—which is made up of eight wealth managers and one industry consultant—recently unveiled what it...