The independent broker-dealer industry came roaring back in 2010, with the 25 biggest firms collectively reporting a 16.9% increase in total revenue, compared with the year before
Ameriprise Financial Inc., two of its Securities America units and a group of investors who sued them asked a U.S. judge to approve a proposed $80 million cash settlement.
After months of speculation, UBS today named Robert McCann as its new head of wealth management in the Americas
UBS AG is reportedly close to an agreement to hire Bob McCann to lead its wealth management business in the Americas, according to a report by the Financial Times.
The president's policy goals are reflected in his personal money management, according to an expert who reviewed the tax returns the country's chief executive made public after paying his family's annual bill to the government he runs.
According to the new <i>InvestmentNews</i> independent broker-dealer survey, revenues spiked at the top 25 broker-dealer behemoths. <a href=http://www.investmentnews.com/section/broker-dealer-data-rankings?U=custom&F=ta&XS=18195_0&Y=2010>(See the new rankings).</a>
“Anemic” default-contribution rates among defined-contribution plans using automatic enrollment stand in stark contrast to what plan executives consider optimal savings rates, a survey of 101 plans by the Defined Contribution Institutional Investment Association has found
At a time when litigation has threatened the financial viability of several securities firms, executives at independent broker-dealers, as well as the more than 110,000 or so independent-contractor registered reps, often are woefully underinformed about their errors-and-omissions insurance, according to industry observers
The custodial firm TradePMR Inc. has signed on with First Clearing LLC
In yet another shake-up at Morgan Stanley, Greg Fleming, president of the bank's asset management and wealth management operations, has hired a former Smith Barney exec as chief operating officer of the joint venture Morgan Stanley Smith Barney LLC
Ameriprise Financial Inc., two of its Securities America units and a group of investors who sued them asked a U.S. judge to approve a proposed $80 million cash settlement
The University of Texas Investment Management Co. has taken the advice of Dallas hedge-fund manager J. Kyle Bass and now holds 6,643 gold bars, worth $987 million on April 15, in a bank warehouse in New York
Smaller life insurers — battered by the recession but ready to get back into the annuity business — have begun to outsource the manufacturing of fixed indexed annuities to marketing groups
Finding good sources of referrals and winning over prospects is more of an art than science.
Investors are shorting commodities, a sign that the sector's rally may soon be over.
Bank of America's Global Wealth and Investment Management division — and specifically the Merrill Lynch brokerage operation — continue to benefit from improving markets.
The indie B-D is bucking the trend with the launch of its expanded fee-based VA platform. A single fiduciary standard will likely improve the odds of success
Advisers notified clients about planned reduction in features, hike in fees
