Veteran returns from Wall Street to the agency where he previously served as head of investment management, could assist with considerations around fiduciary standard.
Was on short-list of possible successors to El-Erian as CEO in 2013; departure would have left big succession gap at Goldman.
Citing 'widespread supervisory failures,' Finra says the firm failed to properly supervise sales of complex products, including certain ETFs, variable annuities and non-traded REITs.
The Newport Beach, Calif.-based firm picks up TPW Financial in Boston to bring its assets to $1.4 billion.
Websites exist for gathering documents and preserving key information, sparking adviser-client conversations about planning for the inevitable.
Make sure clients set aside the right amount to optimize savings and avoid unnecessary taxes and penalties.
<i>Breakfast with Benjamin</i>: The IMF is throwing a wrench into the Greek bailout works, setting off a political earthquake in Europe.
Survey finds that for all their determination, millennials are willing to take direction from experts.
<i>Breakfast with Benjamin</i>: Teaching economics to a presidential contender isn't easy. Unless the economic advisers agree with the preconceived views of the candidates, the relationship can be testy and useless.
Most working retirees are making much less per hour now, survey shows.
In exchange for cooperating in SEC's ongoing case involving a former Morgan Stanley broker and a former law clerk, middleman Frank Tamayo will pay $1 million in ill-gotten gains, regulator says.
The bold see any market pullback as a buying opportunity.
Northbrook, Ill.-based Relative Value Partners brings to 35 the number of affiliates of the deep-pocketed firm led by CEO Rudy Adolf.
<i>Breakfast with Benjamin</i>: Jeffrey Gundlach has been bracing for trouble in Greece and Puerto Rico by loading up on Treasuries and Ginnie Maes.
The regulator is fighting a decision by its administrative judge to dismiss charges accusing two financial advisers of <a href="http://www.investmentnews.com/article/20140902/FREE/140909990/sec-charges-investment-adviser-with-fraud-for-not-telling-clients-of" target="_blank">not informing clients</a> they were paid by Fidelity Investments to sell certain mutual funds.
Money manager says the market still has room to run, but admits allocating assets in today's environment is not easy.
Financial planners are mixed on the presidential contender, citing his fiscal and social conservatism.
Maryland, Connecticut aim to boost savings rates; some say the measures could be mandates on small employers.
The proliferation of digital platforms puts added emphasis on due diligence.
Time to allow summary prospectuses for VAs
