A U.S. District Court ordered a former Ameriprise advisor to serve a year of house arrest and pay restitution for defrauding a client.
Debralee Nelson, a recruit from J.P. Morgan Chase, will drum up business among ultra-high-net-worth clients in the New York Tri-State region.
The face of the advisor will change. Theres going to be a large cohort of retiring advisors and young advisors. They are going to be more diverse, and more will be working part-time. We have to adapt services to the new demand, and develop tools to communicate and interact with advisors.
Despite other hearings being held in Washington this week of a more political nature, its nice to know that the Ways and Means Committee is continuing to search for ways to make life easier for small businesses, at least as far as complying with the Tax Code.
Chinas first cross-border exchange-traded fund, based on the NASDAQ-100 Index, has begun trading on the Shanghai Stock Exchange.
New rules being considered for U.S. money-market mutual funds will make them safer for investors while forcing some smaller providers out of the business, Moodys Investors Service analysts said this week in a research report.
To bring alternative investments to a wider investor base, Goldman Sachs Asset Management has launched the Goldman Sachs Multi-Manager Alternatives Funds.
Neuberger Berman has filed with the SEC to offer an Emerging Markets Income Fund.
While April inflows for long-term mutual funds stood at a healthy $37.8 billion, they continued to moderate from levels seen earlier this year, according to Morningstar.
Tax-exempt money market funds had a hard time holding onto what little inflows they regained last week as $1.72 billion exited the industry and total net assets settled at $258.36 billion in the week ended May 13, according to The Money Fund Report, a service of iMoneyNet.com.
Stronger inflows made their way into municipal bond mutual funds, at $306 million for the week of May 15.
JPMorgan Chase & Co., Goldman Sachs Group Inc. and the world's largest banks won rollbacks in final Dodd-Frank Act rules that promise to transform the private swaps market by increasing competition.
SEC Chair Mary Jo White defended the agency's request for a significant budget increase before a House oversight committee, arguing that the additional funding is necessary to equip the SEC with the resources to handle a litany of regulatory tasks, including increased examinations of investment advisors and enforcement actions.
Ultrahigh-net-worth families are asking advisors more questions about family offices. Here are a few guidelines to think about.
Yves Cochez will manage the banks portfolio management team and set the overall direction of investment management for high-net-worth clients.
The firm added five advisors, with one from Raymond James and one from Morgan Stanley, to further expand in the region.
The IRS has revealed additional details about what may be the first round of sequester-related the closures planned for May 24, June 14, July 5, July 22 and August 30 of this year.
Sallie Krawcheck, for years one of the most high-profile women in financial services, announced Wednesday that she has invested in 85 Broads and will take over as business leader for the women's network.
The United States is the best market for fund investors based on criteria such as investor protection, transparency, fees, taxation, and investment distribution, according to Morningstars Global Fund Investor Experience report.
Same-sex and divorced couples can be a profitable niche for advisors, if they know how to market.