Subject Root Tag

Ignore the rhetoric from both sides on the issue. The odds that the business lending bill will be enacted this year are significantly slimmer than they were just last week.

RBC Wealth Management, a division of the Royal Bank of Canada , said on Tuesday it hired four veteran Morgan Stanley Smith Barney brokers in Texas, including a top Morgan Stanley bond salesman.

Six teams officially joined HighTower in the first quarter, all transitioning from wirehouse firms, while an undisclosed number of others are now in the transition process. In 2011, a total of nine teams transitioned to HighTower.

“SIFMA’s views are not supportable and would make a mockery of the fiduciary standard,” according to The Institute for the Fiduciary Standard in a letter to the U.S. Securities and Exchange Commission.

La Jolla, Calif.-based alternative mutual fund provider Altegris will launch a new "R" share class on May 1 to four of its private placement funds.

So what does it take to build a successful franchise in the asset management space?

The regulator cited the Egan-Jones Ratings Company and its president Sean Egan for “material misrepresentations and omissions” in its 2008 application to become a national ratings agency.

If you want to ace your examinations by the U.S. Securities and Exchange Commission, remember these three phrases: fund governance, fraudulent activities and performance and advertising.

On April 24, Thomas Schreier, vice chairman, wealth management, Nuveen Investments, delivered a keynote speech at the Money Management Institute Annual Convention.

The Dow Jones Industrial Average rallied up 74.39 points to close at 13,001.56 but the tech-laden Nasdaq posted its fifth loss in a row, falling 8.85 points to finish at 2,961.60 ahead of Apple’s blowout earnings report.

The State Street Investor Confidence Index dropped 3.9 points in April to 87.7 from 91.6 a month earlier, State Street Global Markets announced today.

The combined firm, which will have 10 offices in Illinois, Wisconsin, Virginia and Florida, will be called Savant Capital LLC.

On April 24, La Jolla, Calif.-based alternative mutual fund provider Altegris announced that it will launch a new "R" share class on May 1 to four of its private placement funds exclusively for registered investment advisors looking to bet on the once-again popular hedge fund space.

On April 23, 2012, PIMCO announced that it is launching the Global Advantage Inflation-Linked Bond Strategy Fund, an exchange-traded fund which will actively manage global inflation-linked bonds and currencies.

On April 24, Massachusetts Mutual Life Insurance Company promoted Sri Dronamraju and Scott Palmer to the role of senior vice president.

Ameriprise Financial has bolstered its adviser base in Florida and Indiana with two veteran advisers from Morgan Stanley Smith Barney and Fifth Third Securities.

On April 24, State Street Global Markets released the results of the State Street Investor Confidence Index for March 2012.

Legacy expert attorneys Andy and Danielle Mayoras say your clients have names and reputations that will live on after they’re gone. The estate planning guidance you provide them now will ensure their legacy and wishes are protected for generations to come.

On April 24, 2012, The first quarter of 2012 saw record total assets under management in the sector of commodity exchange-traded products, according to a report released by ETF Securities.

The surprisingly weak U.S. jobs report in March showed that the U.S. has not fully turned the corner on job growth. Non-farm payrolls rose by 120,000, the worst performance in more than a year. This slow recovery is not unexpected after a financial crisis, and there are many other bright spots in the economy. However, some argue that the unemployment numbers are actually worse than reported—an ongoing controversy not likely to be resolved in the near future.