Bank of Americas Merrill Lynch agreed to pay about $131 million to settle U.S. regulatory claims it failed to tell investors that hedge fund Magnetar Capital had a role in selecting assets for two 2006 mortgage-backed securities.
These income-generating equities tend to behave differently from other stocks. They may deserve a portfolio allocation of their own.
Schade replaces the San Francisco firm's co-founder and chief executive, Brodie Cobb, who suffered serious injuries in a bicycle accident last year.
Almost half of the advisors in a new FPA study say they don't have a retirement plan; even more fail on business and succession plans.
Former U.S. Senator Judd Gregg is stepping down as the head of Wall Streets biggest lobbying group, according to people briefed on the discussions.
The Federal Financial Institutions Examination Council on Wednesday issued final guidance aimed at helping, banks, credit unions and other financial institutions manage risks related to social media.
JPMorgan Chase, the target of multiple U.S. Justice Department investigations, tentatively agreed to pay about $2 billion to resolve probes into whether it ignored warning signs about Bernard Madoffs crimes, according to a person briefed on the matter.
The enhanced site allows advisors to alter certain components of their profiles at will -- though not their disciplinary history.
Funds specializing in insurance- linked risks such as catastrophe bonds are benefiting as the $30 trillion pension industry increases bets in a market that hasnt posted an annual loss.
Investment advisors will play a critical role in helping the nearly 80 million baby boomers and future generations develop a sustainable plan for retirement, a pair of senators said on Wednesday.
(Bloomberg) -- Detroit pension officials should consider accepting benefit reductions that fall hardest on retirees collecting the biggest checks, city emergency manager Kevyn Orr said.
The citys plan to cut debt and exit bankruptcy ought to keep fidelity with a June proposal to pay bondholders and retired municipal workers about $10 billion less than they are owed, Orr said today in a phone interview. He declined to say what he has offered creditors, citing the confidential
Expansion-minded Savant Capital Management has bolstered its presence in the vibrant Chicago metropolitan market, acquiring Paragon Advisors, a $150 million firm in Naperville, Ill.
Looking to expand your team and boost performance? Executive search veterans Kathy Freeman Godfrey and Jeff Warren have a few suggestions.
CFOs gave the strength of the U.S. economy an average score of 53 out of 100 up from 49 a year ago and the highest recorded rating in the last six years, according to the Bank of America Merrill Lynch 2014 CFO Outlook survey.
Paul Volcker said he wasnt involved with writing the final version of the rule that bears his name, staying abreast of developments from a distance as regulators crafted details of his curbs on trading by banks.
A big LPL practice with $3.7 billion in assets under management is picking up a $300 million Chicago-area firm.
Even as the SEC is contemplating an expansion of fiduciary rules to include broker-dealers who operate in the retail space, some advocates argue that the regulatory interpretation of the responsibilities under a fiduciary standard has strayed from common-law precedent and become dangerously diluted.
A new HighTower project tries to determine whether the aggregated opinions of advisors and staff can offer meaningful insight into portfolio allocations.
When they come to us for everything, we then truly are their lead advisor, says Mike Ott, the new head of the unit.
The convicted Ponzi schemer, now serving a 150-year prison sentence, says in an interview with MarketWatch that his defrauded clients should have probed more.