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Bargain hunters got back into the mix Tuesday, snapping up shares across all sectors as the Dow Jones Industrial average stormed up 322 points, or 3%, for the day.
August 23 -
A new report just released by Moodys Capital Markets Research Group says that the recent volatility of equities markets in the U.S. -- along with other dreary economic news -- is having an unmistakably negative impact on the nations economy.
August 23 -
As the cost of college soars and many state institutions are charging as much as $36,000 a year for out-of-state students and private college costs approaching more than $50,000 a year, the percent of total costs families say they are able to cover themselves has fallen. Yet most advisors aren't recommending 529 college savings plans to their clients.
August 23 -
More than half of fee-based financial advisors plan to sell their businesses prior to retirement, according to Tiburon Strategic Advisors, in Tiburon, Calif. That means there is ample opportunity for other firms to quickly add scale through acquisitions. Here are six critical pieces of information every advisor or firm needs to know before making any deals.
August 23 -
Broker-dealers dont have to track every message sent through social media -- only ones that relate to business purposes. And unscripted interactions? They can be reported after they occur.
August 23 -
Janney Montgomery Scott has hired financial advisor James A. Baber IV, who previously oversaw $61 million in client assets, to join the Strange Group in the firms Richmond, Va. office.
August 23 -
Investing in the railroad industry has traditionally been seen as a way to play economic recoveries. But a research note from Standard & Poors suggests railroads may be a good bet even in this uncertain economy.
August 23 -
Joel E. Chitiea, Paul E. Artof and Jason R. Artof, who garnered a combined $1.6 million in commissions, left Morgan Stanley Smith Barney in May to form Artiea Capital Management.
August 23 -
While 350 positions are set to be eliminated in UBS Wealth Management Americas unit, they will not include financial advisors directly handling clients.
August 23 -
Bank of America Merrill Lynch has hired Wells Fargo financial advisor Adam Gurien, who previously oversaw $283.3 million in client assets.
August 23

