Leon Levy, 77, founder of Oppenheimer Funds and chairman of the fund's New York board has retired. Effective on the first of this month, Clayton K. Yeutter, a trustee of the New York Board for more than two decades, will assume chairmanship. Currently, Yeutter is a counsel to Hogan & Hartson, one of the nation's largest law firms. He was a U.S. Trade Representative in the late 80's and U.S. Secretary of Agriculture in the early 90's. Earlier in his career, he was president and CEO of the Chicago Mercantile Exchange.
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The numbers look gaudy, but potential estate taxes and prohibitions on future strategies make the big retirement accounts much less appealing, two experts said.
47m ago -
A vast majority of plan sponsors say that actively managed funds can beat the market, according to a new BlackRock survey. Research suggests otherwise.
September 12 -
Cerity Partners adds its own large RIA in New York, and Beacon Pointe acquires firms in Indiana, Washington State and New York.
September 12 -
Older Americans hold a higher allocation of stocks than they would like, according to the Center for Retirement Research. Researchers say that could be a positive, though not all advisors agree.
September 12 -
A limited federal tax credit, an above-the-line deduction for non-itemizers and restrictions on those of itemizers represent three of the biggest shifts under the new law.
September 11 -
Raymond James accuses the widower of an advisor of using data stored on his wife's company-issued computer to solicit clients for a rival firm.
September 11