Growing frustration over prospective hires' professionalism, honesty — and comp demands; 'deficient passion for the industry'
PFM Group, owner of the largest investment adviser in the U.S. municipal bond market, bought a smaller competitor co-owned by Lois Scott, Chicago Mayor Rahm Emanuel's new chief financial officer.
Commodities remain one of the hottest asset-classes going. For the fifth straight month, investments in real stuff -- natural resources, minerals and food -- handily beat stocks, bonds and greenbacks.
Wells Fargo dramatically rejiggered its regional management set-up — with five execs losing their positions. According to a bank spokesman, the move is intended to help Wells 'realize the efficiencies of the merger with Wachovia.' One of those efficiencies: Cross-selling to Wachovia clients.
Midsize variable annuity writers such as John Hancock Life Insurance Co., Lincoln National Corp. and Transamerica Life Insurance Co. are expected to give the biggest sellers a run in the race for market share this year
Lender making big push to win ultra-wealthy clients, with ex-Wells execs leading the charge
Variable annuities, which combine mutual-fund-like investing with income or other guarantees, are as controversial as ever — but investors increasingly are considering purchasing them, financial advisers say
By and large, investment advisers continue to ignore workers who are nearing retirement. This, say some, is a sizeable oversight.
When it comes to taxes and tax planning, what we've got here is a failure to communicate
In an attempt to buffer its variable annuity clients' accounts from market volatility, Nationwide Mutual Insurance Co. expects to launch a program that will shift funds into fixed-income investments when the stock markets dip
When seemingly every broker-dealer wants to increase its reps — at a time when the total population of financial advisers is in the process of shrinking — is it possible for anyone to actually win the so-called recruiting wars?
United Capital Financial Advisers today announced the acquisition of financial planning firm Vantage Point Advisors. Vantage Point, which manages $170 million in assets, will now operate under the name of United Capital Private Wealth Counseling.
The Investment Management Consultants Association is zeroing in on independent advisers as it attempts to attract new members to certain designations.
The president's policy goals are reflected in his personal money management, according to an expert who reviewed the tax returns the country's chief executive made public after paying his family's annual bill to the government he runs.
The custodial firm TradePMR Inc. has signed on with First Clearing LLC
In a move likely to be closely watched by the financial planning community, a leading adviser-credentialing organization is reforming its ethics requirements to focus on its own conduct and practice standards
SEC nixes April-June target to gather more industry feedback
President Barack Obama is making his clearest pitch yet for an overhaul of the entire U.S. tax code for individuals and businesses, and the wealthy probably won't like it.
Johannessen says proposed 39.6% top marginal rate spooking more-affluent filers
