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INDUSTRY NEWS MAY 21, 2014
New Russell owners likely to sell asset manager

Sources say London Stock Exchange will keep indexing unit, could get $700 million to $1 billion for money management, consulting businesses.

By James Comtois
INDUSTRY NEWS MAY 21, 2014
5 income investments to consider ...

As yields fall to historic lows, investors should look to muni bonds and emerging-markets bonds. Meanwhile, stop considering Treasuries a safety play.

By Bloomberg
INDUSTRY NEWS MAY 21, 2014
Raymond James approaching wirehouse territory

Firm flush with $1 billion as it seeks out acquisitions; looks to beef up presence in West and Northeast.

By Mason Braswell
EMERGING MARKETS MAY 21, 2014
Nation at risk of another economic crisis, Bowles warns

Co-chairman of debt-reduction commission says the markets are headed toward a dip worse than 2008 if politicians don't get spending under control

By Mason Braswell
WIREHOUSES MAY 21, 2014
Scoring the wirehouses' first quarter results

Year-over-year profits at the big four rose 16% in the first quarter, but which firm fared best?

By Matt Sirinides
WIREHOUSES MAY 21, 2014
UBS wealth unit reports solid earnings, raises bar for advisers

After profits climb 30%, CEO challenges brokers to do more lending and boost margins

By Mason Braswell
RIAS MAY 21, 2014
SEC's Mary Jo White's top priority: uniform fiduciary standard

Pushing her colleagues to decide whether to propose a regulation to raise investment advice standards for brokers, the SEC chairman called the uniform fiduciary standard 'a primary, immediate focus.' <i>(See what Mark Cuban had <a href=&quot;http://www.investmentnews.com/article/20140221/FREE/140229971&quot; target=&quot;_blank&quot;>to say</a>.)</i>

By Mark Schoeff Jr.
ALTERNATIVES MAY 21, 2014
Schorsch snaps up Cetera for $1.15B

In a head-turning move, newcomer to the independent broker-dealer industry Nicholas Schorsch is pulling off the largest independent-broker-dealer acquisition in years, with a cash deal to buy Cetera Financial Group.

By Bruce Kelly
RETIREMENT PLANNING MAY 20, 2014
Home-free: How one couple sold everything and toured the world

The Martins lived in short-term rental apartments from Mexico to Turkey and England to Argentina. But how practical is the lifestyle?

By Elizabeth MacBride
INDUSTRY NEWS MAY 20, 2014
Ethical investing takes a leap forward

How impact investing, which targets companies or projects that effect positive change, while at the same time delivering a return, is gaining a foothold among the younger generation.

By Liz Skinner
INDUSTRY NEWS MAY 20, 2014
Deutsche Bank's Pace set to leave wealth unit

Ben Pace, Deutsche Bank AG's chief investment officer for wealth management in the Americas, is leaving, according to two people with knowledge of the matter.

By Matt Ackermann
RETIREMENT PLANNING MAY 20, 2014
Why clients are their own most valuable asset

Earning power needs to be factored in to all retirement plans

By Darla Mercado
MUTUAL FUNDS MAY 20, 2014
SEC commissioners push back against systemic designation for mutual funds

Two on panel annoyed with regulatory action on &quot;too big to fail&quot;; Gallagher says asset managers shouldn't be considered systemically key.

By Mark Schoeff Jr.
RETIREMENT PLANNING MAY 20, 2014
Axa to pay $20M fine for handling of variable annuities

A New York regulator alleges that the insurer limited the returns of legacy variable annuity clients.

By Darla Mercado
RETIREMENT PLANNING MAY 20, 2014
SEC charges pair of brokers, investment advisory firm, others with $80M variable annuity scam

The SEC charged a pair of brokers, an investment adviser and others in an $80 million variable annuity scam that an SEC official called a &quot;calculated fraud exploiting terminally ill patients.&quot;

By Darla Mercado
PRACTICE MANAGEMENT MAY 20, 2014
A fiduciary standard? Don't hold your breath

Securities and Exchange Commission member Daniel Gallagher doubts that his agency will propose its own rule to raise advice standards for brokers providing retail investment advice.

By Mark Schoeff Jr.
BROKER DEALERS MAY 20, 2014
Finra fines Berthel Fisher $775,000 for compliance failures

Regulator said IBD didn't adequately train or supervise brokers selling alternative investments and nontraditional ETFs .

By Trevor Hunnicutt
ALTERNATIVES MAY 20, 2014
Regulators have an uphill battle to bring transparency to illiquid investments

Bringing light and due diligence should be a priority for the investment advice industry.

By Bruce Kelly
REGULATION AND LEGISLATION MAY 20, 2014
Finra to examine broker-dealers for cybersecurity threats

Taking a lead from the SEC, the regulator seeks to understand dangers that lurk online. <i>(Don't miss: <a href=&quot;http://www.investmentnews.com/section/video?playerType=Events&amp;eventID=FSI2014&amp;bctid=3147642077001&amp;date=20140203&quot; target=&quot;_blank&quot;>Which firms are most at risk for cyberattacks?</a>)</i>

By Mark Schoeff Jr.
FINTECH MAY 19, 2014
Reading between the data

Advisers already have the tools to gather information, they just have to learn how to use it.

By Neesha Hathi