Citing steep redemptions and continued market declines,
The coming year is going to be a difficult period because of the lower equity prices and redemptions, Johnson said, speaking after a luncheon presentation at the Boston College Chief Executives Club. Asked whether there could be additional layoffs, Johnson responded, We never know. You tell us how the market is going to go.
Johnson himself said he believes the markets will continue to be rough in 2009.
Forty-five percent of wealth managers say a disputed presidential election would hurt their business, according to a new Arizent survey.
Citizens Financial said long-time Morgan Stanley leader Paul Casey will spearhead its wealth, private banking units as part of a larger expansion in advisory services.
Some financial advisors and tax professionals with high net worth clients could find big advantages before the expiration of provisions of the Tax Cuts and Jobs Act.
Executives say the results show the wisdom of the firm's deliberate decision to focus on high net worth clients.
Even as ETFs in general enjoyed a bullish month, some funds lost billions of dollars. Here are the bottom 20.
It's that time of year again. Here's how to nominate a colleague — or yourself — for Financial Planning's Rising Star awards.
