Kevin Burke

Registered investment advisors, broker-dealers and hedge funds are spending more money on compliance software than ever before. This according to a report released on Tuesday by research firm Celent, which predicts...

The SEC said today that it will distribute $125 million to more than 254,000 investors who were harmed by trading abuses in the PBHG Funds. The move is the first in a series of three disbursements from the Fair Fund...

On the evening of June 16, 2006, the New York Stock Exchange was the site of a party for WisdomTree Investments, an ETF maker that, on the following day, was set to issue 20 ETFs representing $200 million in assets...

George Keane, the founder of investment consultancy Commonfund, once challenged Robert Arnott to come up with a better method of indexing. And depending on whom you ask, Arnott may have succeeded. As the story goes...

Fairly or unfairly, gambling and strip clubs have always been associated with slick, fast-talking Wall Street brokers. And while most financial advisors would argue that this is nothing more than an unfortunate...

If the Blackstone Group ever goes public, it sure would be cool to get an allocation of the IPO. Imagine your clients at cocktail parties, bragging about how they are “in” enough to have gotten a piece of...

Working as a financial advisor is a pretty sweet gig. A recent survey conducted by Money magazine and Salary.com ranked financial advisor as third-best job in the U.S., behind software engineer and college professor...

Numeric Investors has exited the mutual fund business. On Feb. 23, the boutique Cambridge, Mass., money manager liquidated all of its retail mutual funds to pursue its separately managed account business. Numeric has...