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Capping months of speculation over the health and viability of Fannie Mae and Freddie Mac, the government took control of both enterprises in an effort to soothe the housing and financial sectors.
A local investor group led by John Sykes, former chairman and CEO of Sykes Enterprises, announced that he will purchase a controlling stake in privately held GunnAllen Holdings, a national stock brokerage company based in Tampa, Fla.
Evergreen Investments of Boston, Wachovia's asset management arm, announced that it has closed its family of fund of funds.
UBS veterans Michael Siden and Patricia Cromwell move their teams to Morgan Stanley.
Sen. John McCain is the better choice for the banking industry not for what he would do as president, but rather for what he would refrain from doing, say GOP lawmakers.
JPMorgan announced it will stop structuring interest-rate derivative products for governmental municipal issuers, while instituting measures to tighten controls across its tax-exempt capital markets business.
Alberto Cribiore has resigned from the board of Merrill Lynch to become vice chairman of Citigroup's Institutional Clients Group (ICG).
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Announcing Bank Investment Consultant's first annual ranking of Wealth Managers. Nominations close on 8/29/08.
The recent spike in living costs highlights the threat inflation poses to your clients' assets. Here's what you should do about it.
Promotion announcements and firm changes for advisors.
Our free podcasts for advisors provide information and advice from industry experts on a wide variety of topics. Listen now, or download now and listen at your convenience.
McCain, Obama and the economy
News and information about exchange traded funds
News and information about international funds
News and information related to real estate and real estate investment trusts
News and information about socially responsible investment portfolio options
A look at the lighter side of financial news
Good communication with clients is a priority for financial advisors. But with long-distance clients, it becomes more of a challenge. AdvisorMax asked top financial advisors for their advice on how to achieve great relationships with remote clients.
The initial meeting with a prospect can make or break the financial advisory relationship. With so much hanging on that first meeting, don't make these common advisor mistakes.
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