Practice

On June 20, 2012, Callan added John P. Jackson to its Fund Sponsor Consulting group as senior vice president, effective June 18.

On June 20, 2012, if money market mutual funds shift to a floating net asset value, impose redemption holdbacks or seek additional reserve capital through fees, corporations say they would stop investing in these vehicles and most likely reduce or fully liquidate their holdings, according to data released today by the Association for Financial Professionals.

On June 20, 2012, Prudential Financial, Inc. unveiled several key leadership appointments in the U.S. and Japan, effective immediately.

In the puzzle of oncoming financial regulation, how to properly oversee a firm’s liquidity is one of the largest pieces regulators are now working to get right.

James E. Putman, the founder and former CEO of an Appleton, Wis., investment firm, was disciplined by the CFP Board for allegedly accepting $1.24 million in kickbacks for steering clients’ money into dubious investments.

As Comptroller Curry discloses concerns about JPMorgan Chase's risk management, lawmakers continue their debates over agency funding, derivatives oversight and other issues of the reform effort.

After breezing through a Senate hearing last week, Jamie Dimon faced tough questions from members of both parties at a hearing before the House Financial Services Committee.

The Foreign Account Tax Compliance Act (FATCA) is likely to radically alter how asset managers conduct business on a global scale.

Wells has been on a hiring tear, having added advisors with more than $1.9 billion to its various wealth businesses already this month.

According to the World Wealth Report 2012, last year was the second most volatile period in the last 15 years. The number of people with over $1 million investable assets increased by a marginal 0.8% world-wide, and their overall wealth fell by 1.7%, the second decline since 2008.