The woes stemming from UBS AG's unit in Puerto Rico over the sale of local, closed-end municipal bond funds have landed squarely in the lap of UBS brokers and financial advisers in the island commonwealth.
Move designed to create distance between investment creation and distribution.
In a move that will shake the advice industry, Massachusetts securities cop William Galvin sent subpoenas to 15 brokerages. The request? He wants information about sales of alternatives to seniors.
The former Wall Street executive, along with Pax World, is throwing her weight and her money behind a revived mutual fund that invests in publicly traded companies that have greater numbers of women in management positions.
Defunct brokerage MF Global Inc. will begin final distributions to satisfy $6.7 billion in claims, but has justice prevailed?
Do you have a business plan? Is it in writing and regularly reviewed? If your answer to one or both of these questions is “no”, what are you waiting for?
A former Wells Fargo trainee has sued the firm, claiming that its effort to get back $50K in training costs violates labor law. If the claim sticks, brokers could have a tough time recouping such costs from ex-employees who leave firms early.
Combined companies will have $220B in assets; Putnam chief Robert Reynolds named CEO of Great-West Lifeco U.S.
Fastest-growing units are turning toward fee-based investment and planning advice.
If the looming health savings crisis isn't enough to scare people into saving for retirement, maybe a healthy dose of peer pressure will do the trick.
Stanford professors offer tips on replicating excellence in business
The wirehouse's 18-month, $500 million upgrade of its 3D platform and mobile applications is starting to pay dividends, advisers say, as speed and stability have improved.
As the number of audits climbs, here's what could put plan sponsors at risk for scrutiny
Think the unfolding drama at Pimco can't affect your clients' portfolios? Think again.
A court decision sheds new light on issue of whether float income is a plan asset.
Advisers urge clients to think carefully before reacting to Gov. Cuomo's latest proposal
After visiting Pimco, analysts at Morningstar may downgrade their ratings for the money manager's funds. In a new report, they cited, among other things, a 'higher degree of uncertainty' around personnel in the wake of the departure of co-CIO Mohamed El-Erian.
Consultants, insitutional clients watch closely as firm deals with alleged Gross-El-Erian feud.
Focus has been actively looking to facilitate breakaway deals by helping wirehouse teams form their own firms or join existing Focus partners.
