A new analysis by the Institute for the Fiduciary Standard found that the Form ADVs of nine large financial services firms, including Edward Jones and Merrill Lynch, have more conflicts of interest than those of the 135 registered investment...
Stifel Financial's brokerage unit has reached a deal with the SEC to resolve claims it misled five Wisconsin school districts about the risks of sinking $200 million in investment products linked to the financial crisis.
Lynn Tilton, the New York financier accused by the U.S. Securities and Exchange Commission of defrauding her investors, has sued the regulator to stop it from pursuing unfair in-house enforcement cases against her and others.
Bond fund manager Bill Gross said Pacific Investment Management Co and its lawyers should be punished for unfairly impeding him from pursuing his $200 million lawsuit against the asset management firm, which he co-founded.
Home-office portfolios often outperform advisor-controlled ones, according to a Cerulli Associates report. Couple that with decreased compliance risk, and it’s likely the home-office model will become more prevalent in a post-DOL world...
(Bloomberg) -- BlackRock Inc. urged regulators to increase scrutiny of robo-advisers as customers flock to automated services, lured by low fees and ease of use...
Moving on. | Copyright Tim Boyle, Getty Images
State Farm is tweaking its product offerings available to its agents, and the Department of Labor’s fiduciary rule is partly to blame. Currently about 12,000 of the insurer’s agents are licensed t...
Former Merrill Lynch advisers who were fired after Bank of America merged with the brokerage in 2008 won back some of the deferred compensation on which they had missed out.
(Bloomberg) -- UBS Group AG doubled the number of quants working for Chief Investment Officer Mark Haefele in the past two years. He wants to hire even more...
Making that first million is always the hardest, but for millionaire retirees, it's not that big a deal, according to a new Ameriprise Financial survey. The study, of 432 millionaire retirees, found that 40 percent felt that passing seven fig...
