It is difficult to tell what impact the loss will have on the Pershing LLC unit of BNY Mellon
The company's contract is an actively managed portfolio of investments that will send 2% each year to one or more charities that the investor chooses.
Financial advisers who broach the topic of philanthropy with clients don't have to know how to reforest denuded land in Moldova or how to structure a scientific advisory board
A research firm predicts that the number of B-Ds in operation could drop from 4,540 to 4,000 by 2014. And bear in mind, that's a net figure. Meaning? A lot more than 540 brokerages will get bought or go belly up in the next few years.
TradePMR looking to attract larger RIAs from wirehouses, CEO says
Consolidation in the securities industry continues to build, with regional broker-dealer and clearing firm Sterne Agee & Leach of Birmingham making an offer to buy SWS Group Inc. of Dallas.
Less than 24 hours after revealing that they had received an unsolicited takeover proposal from the Sterne Agee Group Inc., officials for SWS Group Inc. — a Dallas-based firm with several hundred advisers—unanimously rejected the offer.
Scores of broker-dealers were bruised and battered last year, with dozens of small and midsize firms closing their doors amid desperate — and mostly futile — searches for much-needed capital.
Agency finalizes controversial rule calling for level-fee arrangements; new scheme also greenlights computer models
Focus Financial Partners has landed one of its biggest RIA partner firms yet with the addition of LVW Advisors — a pickup that also signals the wind-down of Convergent Wealth Advisors' institutional business.
That's how UBS Wealth Management Americas boss Robert McCann described the latest embarrassment at the Swiss bank. Not surprisingly, the $2.3B trading loss isn't helping boost the morale of the company's advisers. | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20110927&Category=FREE&ArtNo=927009999&Ref=PH>Fund firms advisers are most loyal to</a>
Yield-starved investors and their advisers are discovering a complex investment vehicle: annuities awarded in wrongful-death or injury lawsuits that are being sold as factored structured settlements
Don Trone's new company, 3ethos, is launching a new fiduciary designation that will compete with existing certifications.
Even a puny rise in interest rates will slam current holders of U.S. debt; inflationary shock 'a high probability'
Investors, attracted by the allure of guarantees, gobbled up variable annuities during the second quarter, placing some insurers on pace to beat estimates and bringing broker-dealers closer to pre-crisis VA sales levels
Many investment firms and states have adjusted features within their Section 529 college savings plans over the past year to make them easier for financial advisers to deal with and thus more attractive
Famed hedge fund manager boosts long positions to 65% of holdings;
Head of Pimco's Total Return Fund dramatically ups allocation to U.S. housing bonds
Short-sales mount amid gathering economic storm: 'get some protection or get out altogether'
