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Bloomberg News
Spending by U.S. consumers climbed in November as Americans pushed aside the threat of higher taxes next year, buying gifts for the holidays and making up for shopping lost to superstorm Sandy.
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Bloomberg News
Peter Madoff, who pleaded guilty to aiding Bernard Madoff’s fraud while claiming he didn’t know his older brother was running a vast, decades-long Ponzi scheme, was sentenced to 10 years in...
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Jim McConville
Washington Wealth Management (WWM) has hired Morgan Stanley veteran David Richman to serve as its market area director for Southern California, where it plans to open at least three new offices...
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Jim McConville
Financial advisors are optimistic their revenue will grow faster in 2013 than it did this year, when results fell short of their expectations, a new survey says.
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Jim McConville
Morgan Stanley has launched a lesbian, gay, bisexual and transgender client initiative that provides advisors with wealth planning tools, business development and marketing resources designed...
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Jim McConville
Sustained low interest rates, market volatility and longevity risk are the most significant risks to Americans’ retirement security, says Prudential.
Clements Group, based in Durango, Colo., is joining Securities America as an independent branch.
The nominees include one long-short equity fund and two arbitrage funds.
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Thomas M. Kostigen
Goldman Sachs' unique social bond offering to finance programs at New York City jails and backed by Mayor Bloomberg could prove a model for municipalities struggling under current economic conditions.
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Karen DeMasters
Sun Life Financial Inc. is selling its domestic U.S. annuity business and certain life insurance businesses to Delaware Life Holdings for $1.35 billion, Sun Life announced today.
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Virginia Munger Kahn
Despite expectations for higher dividend taxes, investor hunger for yield will likely provide a boost for income producing ETFs.
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Bloomberg News
JPMorgan Chase & Co. won regulatory approval for the first U.S. exchange-traded fund backed by physical copper, which some industrial users said may disrupt the market.
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David Sterman
The quest for clean, ample water supplies could be a defining goal of the 21st century. These funds are a way to tap into that megatrend.
by Daniela Pylypczak
The SEC will allow fund companies to seek regulatory permission to include derivatives in actively-managed ETFs, but will this do more good or harm for investors?
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Karen DeMasters
Morningstar has announced four finalists for the 2012 Morningstar International Stock Fund Manager of the Year award, to be announced the first week in January.
The trio of advisors has $204 million in assets and annual fees and commissions of $1.5 million.
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Karen DeMasters
Morningstar has announced five nominees for top domestic stock fund manager of the year.
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Karen DeMasters
Men are 1.7 times more likely to be approached by a financial advisor than women, says a new white paper.
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Jim McConville
A Fidelity survey shows many advisors aren't doing enough to please their clients.
