Practice

The FDIC engaged in an activity that paints an alternate history detailing how it might have handled the collapse of Lehman Bros. if its new reform powers had been in place.

With the shift, MSSB has hired J.P. Morgan Chase’s Jeff Hack as chief operating officer.

Most financial advisors do an outstanding job of building and maintaining relationships with their wealthiest clients but all too often fail to deliver the full buffet of financial services these highly coveted and well-healed clients want and need.

The combination of a robust U.S. equity market and the proliferation of company-sponsored retirement plans helped push total assets in 401(k) pans over the $3 trillion threshold at close of last year, up 13% from 2009.

Raymond James announced Monday that it hired Martin Gelb and Sonya Gelb Choeff. The father-daughter team joined the new Miami Beach branch of Raymond James.

FINRA has fined UBS Financial Services $2.5 million and ordered to pay $8.25 million in restitution for conduct related to the sale of Lehman Brothers Holdings principal protection notes.

The Securities and Exchange Commission on May 10 plans to hold a roundtable discussion on how to guard against systemic risk involving money market funds, the investment industry's $2.8 trillion alternative to checking accounts.

Six days after the Securities and Exchange Commission holds its roundtable discussion regarding money market funds and systemic risk, the Investment Company Institute (ICI) will host its own one-day money market fund summit.

Every communication is an opportunity to reinforce your positioning, market your firm and your build your brand. Yes, you really are marketing, whether you think so or not. Might as well do it right.

A need for higher-level support than interns could provide and a desire to help bright young people develop into full- fledged financial planners were the motivations behind a unique training program at Cornerstone Wealth Advisors, Inc. in Edina, Minn.