Swiss giant cutting investment banking services to focus on private banking and wealth management services
An online dashboard created by Fidelity Institutional Wealth Services allows RIAs to compare themselves to their peers.
Pacific West Securities is the latest indie broker-dealer to be closing up shop. The firms 300 or so reps have a place to land, however, and will be moving to Multi-Financial Securities
In the wake of another nixing of a high-profile settlement by the courts, the SEC has come up with a new game plan. The agency is now asking Congress for the authority to settle enforcement actions in-house.
Brown replaces Sullivan in rejiggering at fund firm
Bank of America Corp. “has a wonderful underlying business" but has "lots of problems,” said Warren Buffett, whose Berkshire Hathaway Inc. invested $5 billion in the troubled company.
New offering combines features of money funds and short-duration bond funds; moving away from stable NAV
Supercommittee notion of doing away with exemption not so super; going down the Whitney path
The latest scandal at UBS may be causing headaches for the bank's advisers right now. But in the long run, a re-emphasis on serving rich clients -- rather than chasing investment banking business -- could be a good thing for the company and its wealth managers. | <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20110802&Category=FREE&ArtNo=802009999&Ref=PH>Wirehouse rankings: Average assets per rep</a> | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20110922&Category=FREE&ArtNo=922009999&Ref=PH>The richest states</a>
Nearly 60 positions to be eliminated by asset manager; 'challenging markets'
Good news: Conference Board gauge shows pickup in hiring; bad news: temp work for holidays one driver
Brinker Capital asked advisers to name the presidential candidate they think is most-qualified to revive the flagging economy. The results weren't overly encouraging.
MetLife Inc., the biggest U.S. life insurer, was removed from Citigroup Inc.'s list of top stock picks as new Chief Executive Officer Steven Kandarian reshuffles management and plans his strategy.
Raymond James COO Helck says the for-sale firm would be a 'great strategic fit,' but concedes there's some overlap between the two outfits. Still, Morgan Keegan's army of 1,200 advisers must look mighty tempting to RJ's management.
As first reported by <i>InvestmentNews</i>, Raymond James today agreed to pay $300M to buy back auction-rate securities from clients, thus settling suits brought by several states and the SEC. Total damage? The brokerage is setting aside $50M to cover potential losses.
An independent broker-dealer has taken a flyer on an Occupy Wall Street protester.
Survey indicates public profile of certified financial planners on the rise
Survey also finds planners mostly serve 'mass affluent'; fewer women are certificants, however
Mohrman-Gillis wants SEC to oversee investment advisers; Finra 'not experienced' in upholding fiduciary standards
