Seattle: "At a recent social event, I was in a conversation with a couple of people when one asked me the "So, what do you do?" question. I told him, 'I oversee financial affairs for some families in the area.' To which he responded, 'Oh, so you...
Morgan Keegan & Co., a unit of Regions Financial, Morgan Asset Management and three employees each received a “Wells” notice from the SEC, the company stated in a Form 8-K filed by Regions on July 9.
Last year was not a great one for the mutual fund industry, as investors yanked $226 billion out of stock and bond funds, resulting in the first annual net outflow from long-term mutual funds since 1988, according to data from the Investment...
June was a busy month for financial advisors on the move. The number of advisors switching firms jumped 45 percent in June versus May, according to Discovery Database. Last month, 2,183 advisors changed b/ds compared with 1,506 in May...
Tension seems to be increasing between U.S. and Swiss officials who are trying to hammer out a settlement between the U.S. government and Swiss firm, UBS, regarding the names of 52,000 American clients of the firm. UBS retail financial advisors...
After just 7 months on the job, Chris di Bonaventura, head of the Citi Family Office group, handed in his resignation, Smith Barney confirmed. The departing exec is joining Fidelity’s Family Office Service Business.
The Investment Management Consultants Association announced that it has changed the requirements for attaining the designation of Certified Investment Management Analyst, or CIMA...
Among the many economic stimulus provisions in the American Reinvestment and Renewal Act of 2009 is a short-term program to expand financing alternatives for state and local governments. The legislation creates a new category of taxable municipal...
A story in the Financial Times teasingly suggests UBS US Wealth Management is in for a big change at the top. Marten Hoekstra, CEO of the US unit, may be ousted or get a wingman, it says.