Lord Abbett & Co. LLC has created a new website to provide financial advisers with direct acces to a range of information about the money management company's funds, as welll as broader financial information.
TD Ameritrade Institutional unveiled a tool last week that gives its business development efforts a technological boost.
William Blair & Co. LLC and two ex-brokers at the firm have been socked with a $1.1 million arbitration decision that centered on two brokers' setting up a phony e-mail address where they sent statements from the brokerage account of an 88-year-old widow.
Swiss tax authorities said Tuesday they have notified the first 500 clients of Swiss bank UBS AG whose names they want to hand over to the United States for alleged tax cheating.
State and federal prosecutors have charged seven people in an alleged securities scam that cheated dozens of people out of $17 million.
When it comes to providing financial advice to athletes, Morgan Stanley Smith Barney is relying on a little inside baseball to gain an edge in this ultra-competitive sector of the wealth management market.
Research In Motion Ltd., makers of BlackBerry smart phones, is encouraging users to upgrade to a new version of its BlackBerry Messenger application.
Cisco survey finds nation's businesses probably unprepared for working remotely in times of disaster
Hamilton Software Inc. has released Nest Egg Early Retirement Pro, a standalone downloadable program designed to assist users — knowledgeable individual investors and advisers alike — in planning specifically for the goal of early retirement.
Nicolas Cage is being sued by his former business manager, who claims lavish spending, not his advice, is to blame for the actor's financial problems.
LPL Investment Holdings Inc. continues to recruit heavily this year.
Advisers, independent broker-dealers, and others that need to keep up with compliance and regulatory changes daily — or that need to research cross-industry or multinational issues — can enlist a new online tool from Wolters Kluwer Financial Services.
Despite the tougher outlook for regulatory audits in the coming months, many advisory firms that host their own e-mail systems still lack an e-mail archiving and backup system (44% of advisers who responded to an <i>InvestmentNews</i> technology survey last year said they had no such system).
With new modifications to the systems at the Depository Trust and Clearing Corp., reporting of cost basis information appears as if it could become less of an issue with advisers — assuaging some concerns from advisers that new requirements could make reporting more costly and cumbersome.
Financial advisers need to craft and embrace a set of ethical standards for their firms as a way to build a franchise and reduce risk, according to Laura Hartman, professor of business ethics in DePaul University's College of Commerce.
Measures that would significantly boost funding for the Securities and Exchange Commission as well as give shareholders a say on executive pay are included in draft financial overhaul legislation in the Senate, a person familiar with the matter said Monday.
While most investment management companies are reluctant to start firmwide hiring, many are looking to bulk up their compliance departments, according to executive search firm Russell Reynolds Associates Inc.
After recruiting some 500 representatives so far this year, Ameriprise Financial Inc. is gutting and rebuilding its recruiting staff as part of an effort to bring in more independent reps.
