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...
Howard Schnoll and Richard Schilffarth joined RBC Dain Rauscher's Milwaukee office, and have brought more than $4 billion in assets under management with them. The team, which includes six additional members, recently departed from Milwaukee-based...
Morgan Stanley has officially opted to join the inter-brokerage pact, first created in the fall of 2004, which stipulates that members will not sue brokers departing to other firms
Some advisors have long ignored parts of ERISA when consulting participants of 401(k) plans. Now they don't have to. Still, the Street is confused over what the new pension laws really mean when it comes to reirement advice
If you're thinking of steering your clients into life-cycle funds, be sure to kick the tires first. With more and more asset managers rolling out life-cycle funds — funds pegged to an investor's specific retirement year or based on a risk...
In the Name of Love: Shane Selewach, a registered rep at the Hyannis, Mass., branch of Ameriprise Financial Services from 1997 to April 2006, was accused in late August in a complaint by William Galvin, Secretary of the Commonwealth of...
These days, baby boomer investors want both security and low fees. To get both, product makers are blurring the distinctions between mutual funds and annuities
What is the view from your office window today? Opportunity, and oh yeah, the most spectacular view of New York you have ever seen. How did you get your first job in the securities industry? I wanted to work for Shearson Lehman Brothers from day...