Practice

As the distressed-asset market begins to stabilize, the Federal Deposit Insurance Corp. is shaking up the way it handles failed banks and their assets.

RIA buys wirehouse reps' businesses and gives them a stake in the company.

Depending on who you ask, the executive changes at the firm are either business as usual, or another indication of the Morgan Stanley culture overtaking Smith Barney.

Charles Schwab Corp. violated federal laws when it failed to get shareholder approval before putting approximately half the assets of its YieldPlus mutual fund into uninsured mortgage-backed securities, a federal judge ruled.

In a case involving two former employees of Fidelity Investments, a federal judge has ruled that the Sarbanes-Oxley law protecting whistle-blowers at publicly traded companies also extends to mutual fund firms.

Serving a niche market can allow you to increase your assets under management and set you apart from other advisors in your area. In the first part of this series, learn where to find a niche—and whether it can be profitable.

Millionaire investor confidence rose in March, according to Spectrem Group monthly survey, even as confidence amongst affluent investors declined.

State regulators are urging Senate Banking Committee Chairman Chris Dodd to change a provision in the regulatory reform bill that they claim would force most large state banks to convert to national charters.

The industry buzz was that McCann had been telling people the firm was overstaffed at headquarters.

Rep-as-advisor managed accounts have been steadily growing in popularity and will continue to do so in the short-term, but Cerulli Associates see growth dampening because of the account’s nondiscretionary nature.