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It's been almost as longstanding a practice in the regulatory field as using the phrase "left to pursue other interests" when a company asks one of its top executives to leave.
January 9 -
Know what to pay attention to and what to ignore.
January 9 -
Amidst the worried debate over whether the United States will tumble into recession this year, market watchers agree on one thing: volatility is here to stay.
January 6 -
William Polk Carey, founder of investment management firm W.P. Carey & Co., died on Jan. 2 at age 81, the company announced.
January 6 -
The Internal Revenue Service has increased its audits of taxpayers at upper-income levels.
January 6 -
Putnam Investments is laying off 78 employees, or 4.4% of its workforce. The layoffs, primarily in operations, follow a 3% decline in assets under management, from $121 billion in 2010, to $117 billion in 2011.
January 6 -
The Securities and Exchange Commission has charged an Illinois-based investment adviser with using LinkedIn and other social media channels to attempt to sell $500 million in fictitious securities.
January 5 - Money Management Executive
Advisers seeking better client communication tools are likely to have their wish come true, according to a new report from Celent, a Boston-based financial research and consulting firm. The wealth managers surveyed in the report indicated that they are likely to add or enhance client-relationship management systems and client-reporting and client-facing technology tools within the next two years.
January 5 -
Investors pulled more than $125 billion out of mutual funds that invest long-term in stocks last year, according to the latest data released by the Investment Company Institute. Of that, $5.2 billion got pulled in the week leading up to New Year’s Eve.
January 5 -
Investors added $117.6 billion to their holdings in exchange-traded funds in 2011. That is almost identical to 2010, when they added $118.7 billion, and 2009, when they added $119.4 billion. But the value of their holdings only increased $51.4 billion, because the value of their shares fell, according to the Exchange Traded Fund Association.
January 5