Oppenheimer Holdings will pay $20 million to settle U.S. regulatory claims that it improperly sold billions of shares of penny stocks on behalf of an offshore brokerage.
If the buck keeps rising, which investment tactics will offer the highest payoff for clients?
The American Institute of CPAs has written to some of the top tax lawmakers in Congress asking them to grant relief to taxpayers in appropriate situations when they miss a statutory deadline or make an error in choosing an election.
Raymond James & Associates recruited advisors from Oppenheimer & Co. and Wells Fargo Advisors, each with close to $1 million in revenue.
One of the San Francisco Bay Areas most prominent independent wealth management firms is selling a majority equity interest.
The claim represents more than half the awards handed out by the regulator against advisors so far this month.
Two wirehouse advisors generating $1.3 million in annual revenues joined RBC Wealth Management.
"The prospects for organic growth for RIAs and IBDs have never been greater. We expect to see more lift-out and advisors turning independent activity in 2015," says Liz Nesvold, managing partner of New York-based investment banker Silver Lane.
One of the first new investments from parent company RCS Capital will become available to all nine and eventually 11 IBDs by May.
Clients can lengthen their long-term care insurance policy's elimination period, making the coverage more affordable; Plus, deciding whether a Roth or traditional IRA is right for your client.
The regional broker-dealer lands three new recruits for its employee channel, including one who managed more than $100 million AUM.
Some fixed-income funds behave like equities, failing to give sufficient downside protection to a diversified portfolio.
FINRA banned a rep for allegedly forging a customer's signature on bank withdrawal slips, a move that allowed the customer's sister to steal $3,900 from the customer's account. Two others were suspended for relatively minor infractions.
The asset management firm made the new hires during a recruiting push in the last quarter.
Focus partner firms managed $31 billion and advised on another $10 billion, according to their recent ADV filings -- considerably less than the $70 billion in "total client assets" the firm had previously publicized.
Two Merrill Lynch advisors left the wirehouse for independent firm Snowden Lane Partners.
Morgan Stanley Chairman and CEO James Gorman's compensation package for last year includes a $4.44 million stock bonus, down 13% from his 2013 award.
City National's sale to RBC bestows new wealth on two men who have served as Hollywood's private bankers since Steven Spielberg filmed "Jaws."
There are 13 states that subject Social Security benefits to tax; Plus, why investors shouldn't hold an annuity in their Roth IRAs.
A new Morgan Stanley Wealth Management study looked at investor sentiments on domestic and global economies.