Purchase of Merriman hikes firms' AUM to nearly $60 billion; more TBA?
Pair of brokers in Lone Star state suspended for selling bogus promissory notes from now-defunct National Life Settlements; 'We were fooled'
Retirement plan advisers are most interested about fees and expenses when talking to fund wholesalers.
Roger Michaud, chairman of the College Savings Foundation and a senior vice president at Franklin Templeton Distributors Inc., stands behind Section 529 college savings programs as the best way to pay for increasing higher-education expenses.
Alternative investment managers Bridgewater Associates and AQR Capital Management are turning their attention to the defined contribution plan market with tweaks to their strategies.
Fairholme Fund boss looking for big rebound after lousy 2011; BofA turnaround would help mightily
Deutsche Bank could sell its asset-management units, including DWS mutual funds, RREEF, DB Advisors and its insurance asset management arm.
In a bid to retain Morgan Keegan brokers, Raymond James is offering the firm's reps the chance to go independent using the RJ platform. Recruiters say the pitch may attract a fair number of takers.
If there is a silver lining to the financial crisis, it may be that Americans are finally waking up to the notion that they need to save more for retirement.
While brokerage firms have every right to expect former brokers to honor the agreements they make when accepting recruiting and retention bonuses, Finra should resist pressure to rewrite its rules to make it easier for firms to collect unreturned bonuses.
Robert Miller isn't a typical member of the National Association of Insurance and Financial Advisors
Financial details of Charles Schwab & Co. Inc.'s branch-franchising program have been revealed, and the early reviews as to how franchisees will fare are mixed
Although Charles Schwab has been readying its branch-franchising program for some time, few specifics have been released. But documents obtained by <i>InvestmentNews</i> reveal the estimated startup costs, along with Schwab's expected take.
Proposal to extend holding period would dramatically diminish usefulness of grantor trusts to clients
In a world of increasing uncertainty in which not everyone has amassed a nest egg big enough for retirement, financial advisers are doing a delicate dance: helping elderly clients embrace more investment risk while advising them to try to get by on less
