Wells Fargo & Co. has cut the number of regional managers — and operating regions — in its wealth management division to better integrate the investment advisory business it inherited from Wachovia Corp.
A Massachusetts federal court judge has quashed a motion by Prudential Insurance Co. of America to dismiss a lawsuit alleging that the insurer had wrongfully held on to veterans' death benefits instead of paying them out in a lump sum
Wells Fargo dramatically rejiggered its regional management set-up — with five execs losing their positions. According to a bank spokesman, the move is intended to help Wells 'realize the efficiencies of the merger with Wachovia.' One of those efficiencies: Cross-selling to Wachovia clients.
The Fed Reserve's quantitative easing is finally about to end. S&P analyst Michael Souers says this could be a real a boost for Treasuries with less lengthy maturities. Retirees, take note.
Apparently, investment officials for Longhorn endowment not overly bullish; also invest for Texas A&M
Hiked margin requirements, plus slowing global economy, triggering biggest drop in futures prices since 1983
The booming emerging economies of greater Asia have been a powerful investment theme for several years now, and China has represented the biggest lure of all
They suddenly begin focusing on retirement income, says adviser at the InvestmentNews Retirement Income summit
Midsize variable annuity writers such as John Hancock Life Insurance Co., Lincoln National Corp. and Transamerica Life Insurance Co. are expected to give the biggest sellers a run in the race for market share this year
About half of the assets in our variable annuity portfolios are in passive funds, which are easier to hedge
Recruiters say laid off trainees and low producers won't have trouble lining up work
Robert W. Baird & Co. Inc. is opening up an office in Salt Lake City to offer financial advice with the help of Dean Cottle, a veteran wirehouse complex manager from Morgan Stanley Smith Barney LLC.
Amid the agony and angst felt by those who took a beating in last week's commodities meltdown, some financial advisers are patting themselves on the back for having steered over-enthusiastic clients away from gold and silver
Prices of commodities from corn to crude spike ever upward. Meanwhile, money managers are boosting their holdings in food and natural resources to near-record levels. But the question remains: will commodities be the great asset class of the 21st century -- or the great bust?
The Securities and Exchange Commission has alleged that an independent broker-dealer that was a leading seller of allegedly fraudulent private placements failed to conduct reasonable investigations into the offerings — and pocketed fees for due diligence without adequately researching the instruments
Lender making big push to win ultra-wealthy clients, with ex-Wells execs leading the charge
Brokerage did brisk business in 1Q while bank stuttered; share price hammered
Clients in less-populated areas will be left to get their advise from talking heads
Bank of America Corp. is running out of time to fulfill a promise to raise more capital by year-end and may be forced to make up the shortfall by paying some bonuses in stock rather than cash.
