Investment News articles

Recent articles from Investment News

Technology helps deaf adviser expand practice; Videoconferencing allows Louis Schwarz's Washington-area advisory firm to serve deaf clients face to face.(News)
June 29, 2009... Byline: Lisa Shidler Louis Schwarz responds to his clients' concerns even though he can't hear what they are saying. Mr. Schwarz, who is deaf, has been a financial adviser for 26 years and works with many deaf and hard-of-hearing clients at Schwarz Financial Services LLC in Bethesda,...

Ameriprise set to buy another asset manager or broker; Company could spend more than $1 billion on an acquisition.(News)
June 29, 2009... Byline: Bruce Kelly Fresh from completing a $900 million offering of common stock, Ameriprise Financial Inc. is well-positioned to buy another asset management company or broker-dealer. In fact, Ameriprise of Minneapolis is aiming for a transaction in the range of $1 billion to $2...

Asset-based LTC insurance attracts buyers; But some advisers express concern about the products' limits.(News)
June 29, 2009... Byline: Darla Mercado Although financial advisers have been leery of life insurance with long term care benefits, the products appear to be generating interest among consumers trying to insure against multiple risks and search for a place to store assets, according to a new study. ...

Wealth managers must improve business model to retain clients, report says; High-net-worth investors lack confidence in their advisers' ability to manage risk.(News)
June 29, 2009... Byline: Charles Paikert In an effort to retain assets and regain the confidence of high-net-worth clients, wealth managers must find ways to improve their overall business model, according to a new report. The financial crisis resulted in "seismic shifts in the wealth management...

Breakaway brokers still a trickle, not a tide; Wirehouse exodus expected to pick up over the next 18 months.(News)
June 29, 2009... Byline: Jed Horowitz Even though independence is losing its stigma as a sign of failure among wirehouse brokers, they continue to move at only a moderate pace to independent broker-dealers and registered investment advisory firms, a panel of experts said last week. "It is a nascent...