Independent advisory firms have stepped up their outreach efforts, and the largest firms continue to open accounts even though their assets under management have dropped.
Household financial decisions are being made increasingly by affluent women, creating opportunities for financial advisers, according to two industry surveys.
Congress should pass, as quickly as possible, a bill to establish an Office of Insurance Information.
Congress is likely to begin a review of the financial oversight system next month, with an eye toward revamping regulation. Banking, of course, will take center stage, especially now that the federal government has a direct stake in many of the nation's largest banks.
Following the departure of a major annuities expert and the elimination of some variable annuity riders, Massachusetts Mutual Life Insurance Co. is mulling the future of its role in the VA marketplace.
For decades, the U.S. retirement system was described as a three-legged stool.
The Charles Schwab Corp. edged out Fidelity Investments during the first quarter in the battle to service the small but growing number of stockbrokers who are leaving their Series 7 licenses behind to become independent investment advisers.
Many financial advisers are suffering a crisis of confidence that is hurting their relationships with existing clients and hampering their abilities to recruit new clients.
Wealthy Americans who have offshore bank accounts may be sweating more than usual this summer.
The Charles Schwab Corp., the dominant broker-dealer for registered investment advisers, said today that RIA trades on behalf of clients in April fell 25% from the previous month to an average of 22,600 a day — the lowest volume level since last August.
President Obama was off-base to castigate the Chrysler secured debt holders who held out against the proposed deal to rescue Chrysler LLC.
Insurers are rolling out adjustments to their variable annuity products — this time with an air of caution.
Account openings at Fidelity Investments from registered investment advisers and their clients jumped 30% in the first quarter.
Sales of mutual funds through brokers and financial advisers continued to shift toward fee-based compensation last year, while the trend toward fee-for-advice distribution accelerated, according to a study released today by Strategic Insight Mutual Fund Research and Consulting LLC.
As Congress prepares to tighten financial regulation to correct weaknesses revealed by the mortgage collapse, the debate over who should regulate those who give in-vestment advice, including financial planners,
Leaders of Fidelity Investments' adviser and broker-dealer clearing businesses pointed fingers at themselves and at clients last week for retreating from customer contact during the most chaotic periods of their business careers and hinted at changes to come in several key services.
Two legal cases that will be decided by courts this year may significantly affect the mutual fund and investment advisory industries.
The term "bailout" has taken on new meaning for financial advisers as they devise ways to free clients from underperforming variable annuities, but the path to freedom is paved with possible tax complications and worries about account churning.
