Industry News Archive

Bonds Boost JPMorgan Chase's Asset Management Business
1/26/2010 3:47:11 PM On Wall Street

JPMorgan Chase & Co.'s fourth-quarter earnings quadrupled as the New York-based banking company continued to see strong growth from its asset management business. The company reported... Read More

Fidelity Recruits 191 Brokers In '09
1/26/2010 3:47:09 PM Financial Advisor Magazine

Apparently benefiting from Wall Street's troubles, Fidelity Investments said today it helped a record number of brokers go independent in 2009. Apparently benefiting from Wall Street's... Read More

John Bogle on Speculation, Stewardship, and Self-Interest
1/26/2010 3:47:05 PM FPA

At age 80, John Bogle is still going strong, relishing the "lonely" fights in which he's engaged: speaking out against a dearth of stewardship, failures of corporate governance, too... Read More

UBS Appoints Mulholland to Run its Advisor Force
1/26/2010 3:47:00 PM On Wall Street

Bob McCann, the chief executive at UBS Wealth Management Americas, has tapped his former Merrill Lynch colleague, Bob Mulholland, as head of the UBS advisor force, according to an internal memo.... Read More

Wayward Advisor: Tales of Rape, Kidnapping And Fraud
1/26/2010 3:46:58 PM Financial Advisor Magazine

Federal authorities have filed additional fraud charges against a Massachusetts financial advisor who has already amassed a track record of fraud, rape and kidnapping. Federal authorities have... Read More

Danger Looming?
1/26/2010 3:46:54 PM Financial Planning

Last year was a time ofrecovery cycles, record returns and a fear hangover. Though emerging markets came out the champion, many investors missed the fun as they stuck to safer money market... Read More

Should You Hire an Independent Contractor or Employee?
1/26/2010 3:46:52 PM FPA

In tough economic times, businesses look for ways to be more efficient and profitable. For financial planning practices, that may mean taking a closer look at hiring an independent contractor or... Read More

Lyle LaMothe
1/26/2010 3:46:42 PM On Wall Street

Years in secutities industry: 23 I was raised in a close-knit military family that moved and traveled a lot. So I learned to be adaptable and I developed an appreciation for a global... Read More

Ponzi Scheme Lawsuit Brought Against Schwab
1/26/2010 3:46:40 PM Financial Advisor Magazine

A class-action lawsuit in South Carolina alleges that Charles Schwab & Co. is liable for its role in a Ponzi scheme because it was the broker-dealer for the victims of the scheme. A... Read More

Set Investors Straight
1/26/2010 3:46:33 PM Financial Planning

Sometimes, the sacred cows of personal finance lead to disappointment. I'm going to take on three: dollar cost averaging, tax-loss harvesting and the new darling, Roth conversions. The first two... Read More