Less than 4% of all independent advisers have ever had their businesses professionally valued, and less than 10% have any formal, written succession plans in place.
The recent surge in the price of gold has the CFTC considering placing restrictions on speculative trades in gold, silver, and copper.
Unlike the numbers for January, any data showing lackluster home sales in February can't be fobbed off on the weather
Theflyonthewall.com gets zapped in federal court. That's no doubt good news for Merrill Lynch, Morgan Stanley and all the other firms that sell research to clients.
The claims that advisers would have to select from the entire universe of options and that results, not process, determine fiduciary appropriateness certainly tell a scary story of how a fiduciary standard would unfairly target well meaning advisers who are only trying to do what's best.
State decides to go with Union Bank and Trust, instead
A new proposal targeting tainted investment advice would affect millions of workers.
A Missouri woman was sentenced Thursday to nine years in federal prison for a grain fraud scheme that bilked 179 farmers out of a combined $27.4 million and earned her the nickname the "Madoff of the Midwest."
Investment adviser Richard Feight admits he's not very good at brewing beer, but he's found that the hobby helped him build business connections and network with clients.
The American Council of Life Insurers today blasted a newly floated tax proposal on unearned income — part of a series of suggested changes to the Patient Protection and Affordable Care Act of 2009.
Finding accusations "speculative and flimsy," a judge has dismissed civil securities fraud charges against a New York brokerage firm and its executives that resulted from a probe into Bernard Madoff's epic fraud.
The publicity surrounding the debacle of Anna Nicole Smith’s estate highlights the importance of careful estate planning, according to financial advisers, but the errors she made are quite common and are easily remedied.
We all know that Merrill Lynch and Bank of America were a shotgun marriage. Bernanke and Paulson were holding the proverbial shotgun to Mr. Lewis and Mr. Thain's heads and, poof, we have a humongous financial institution.
Congress Asset Management Co. in Boston announced the acquisition of Prelude Asset Management LLC in a deal that creates a $6.4 billion money management shop.
A third of all moves in February came at indies.
In a mixed sign for the U.S. economy, 59% of independent investment advisers surveyed by The Charles Schwab Corp. in late January said they expect consumer savings to increase during the next six months.
Two plaintiffs claimed that brokerages were misled about NASD's merger with the NYSE's regulatory unit. Apparently, Judge Jed Rakoff wasn't moved by their arguments.
Upper-income investors are taking advantage of a change in the tax law and rushing to convert their traditional individual retirement accounts or old 401(k) plans into Roth IRAs.
