The bank began letting legacy Wachovia advisors set their own tax-withholding level on commissions in August, after automatically withholding 25% for the past seven months. …
The four largest broker-dealers have about 60%, or $1.1 trillion, of the industry’s managed assets, down from 64% last year, according to a recent study. …
Profits and margins at BofA-Merrill are well ahead of those at Morgan Stanley Smith Barney, despite MSSB’s larger advisor force. …
Cetera Financial Group, formerly ING Advisors Network, said it has hired Mark Palmer as the firm’s national sales manager after tapping Barnaby Grist in February. …
A little-known portfolio tool can help advisors reduce risk for their clients in severe market slides, financial experts say.…
Financial experts share several ways advisors can use a little-known portfolio tool to lower risk for their clients and improve diversification.…
Web apps and cloud computing catch on in practice management. …
The board also approved bylaw amendments related to the separation of CEO and chairman offices. …
New exchange-traded fund Tracks the Alerian Master Limited Partnership Infrastructure Index which includes midstream-energy firms. …
By adding teams in Charleston, S.C., and Fort Worth, Texas, Baird’s wealth-management operations stand to gain about $1.3 billion in client assets. …
Boca Raton-based advisor team with $100 million-plus in assets joins MSSB a few days after FINRA fined the broker-dealer $800,000.…
The proposed mergers are part of Ameriprise’s acquisition of the asset management business, which has about $330 billion in AUM.…
Bank of America-Merrill Lynch survey finds that fund managers do not expect much growth; however, most don’t believe we’ll experience a douple-dip recession either. …
The broker-dealer, which includes 5,300-plus advisors, taps a former BofA employee and consultant to lead new IT and other customer-relations projects. …
After gold prices weakened in July, gold futures hit a six-week high in mid-August as investors look for safe havens.…
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September 01, 2010 The bank began letting legacy Wachovia advisors set their own tax-withholding level on commissions in August, after automatically withholding 25% for the past seven months. ...
August 31, 2010 The four largest broker-dealers have about 60%, or $1.1 trillion, of the industry’s managed assets, down from 64% last year, according to a recent study. ...
August 30, 2010 Profits and margins at BofA-Merrill are well ahead of those at Morgan Stanley Smith Barney, despite MSSB’s larger advisor force. ...
August 30, 2010 Cetera Financial Group, formerly ING Advisors Network, said it has hired Mark Palmer as the firm’s national sales manager after tapping Barnaby Grist in February. ...
August 27, 2010 A little-known portfolio tool can help advisors reduce risk for their clients in severe market slides, financial experts say....
August 27, 2010 Financial experts share several ways advisors can use a little-known portfolio tool to lower risk for their clients and improve diversification....
August 26, 2010 Web apps and cloud computing catch on in practice management. ...
August 26, 2010 The board also approved bylaw amendments related to the separation of CEO and chairman offices. ...
August 26, 2010 New exchange-traded fund Tracks the Alerian Master Limited Partnership Infrastructure Index which includes midstream-energy firms. ...
August 25, 2010 By adding teams in Charleston, S.C., and Fort Worth, Texas, Baird’s wealth-management operations stand to gain about $1.3 billion in client assets. ...
August 24, 2010 Boca Raton-based advisor team with $100 million-plus in assets joins MSSB a few days after FINRA fined the broker-dealer $800,000....
August 23, 2010 The proposed mergers are part of Ameriprise’s acquisition of the asset management business, which has about $330 billion in AUM....
August 20, 2010 Bank of America-Merrill Lynch survey finds that fund managers do not expect much growth; however, most don’t believe we’ll experience a douple-dip recession either. ...
August 20, 2010 The broker-dealer, which includes 5,300-plus advisors, taps a former BofA employee and consultant to lead new IT and other customer-relations projects. ...
August 18, 2010 After gold prices weakened in July, gold futures hit a six-week high in mid-August as investors look for safe havens....
August 17, 2010 According to a recent TD Ameritrade survey, about 40% of clients want to see an upswing in the economy before becoming more active in the markets. ...
August 13, 2010 Advisors fearing steep declines might seek relief in commodity trends fund....
August 11, 2010 After acquiring some UBS branches and Thomas Weisel, the company now has 1,940 financial advisors vs. 1,562 last year....
August 10, 2010 The Morningstar fund data shows that the industry average-expense ratio declined to 0.88 percent from 0.91 percent a year earlier for those target-date series that are at least 18 months old. ...
August 09, 2010 Wells Fargo Advisor group includes 15,102 financial advisors and 5,094 licensed bankers with $1.1 trillion in assets under management....
August 06, 2010 Wealthier taxpayers, not corporations, likely to bear the burden, say members of a panel hosted by BofA's Merrill Lynch....
August 06, 2010 The European insurer’s North American life insurance unit says premiums were “ahead of expectations.”...
August 05, 2010 The company says net outflows from Calamos’ SMA accounts were in line with expectations; in the first quarter, the fund manager increased account minimums for convertible-based strategies...
August 04, 2010 According to Invesco, traditional bond indices give the largest weights to the biggest debtors, and this may potentially expose investors to greater risks of default. ...
August 04, 2010 The Hartford says it now expects 2010 core earnings per diluted share to be between $2.10 and $2.30. The previous guidance was a range of $2.70 to $3.00....
August 04, 2010 The life insurer says it will launch a new Canadian mutual-fund family in the fall....
July 30, 2010 Women strive to reach goals but lack of confidence in ability is a consistent trend in 10-year study....
July 30, 2010 The economy grew at a 2.4% pace in the second quarter, the Commerce Department reported Friday, July 30, a little less than economists had predicted and slower than the upwardly revised 3.7% rate for the GDP in the first quarter. ...
July 30, 2010 High-net-worth survey shows wealthy investors understand the need to diversify....
July 30, 2010 Putnam Investments has named Dr. W. Van Harlow director for investment retirement solutions, the firm announced Wednesday, July 28. ...
July 30, 2010 Janus Capital Group rolled out Perkins Value Plus Income Fund, the first product it will jointly manage with another firm, on Thursday, July 29. ...
July 30, 2010 Sam and Charles Wyly, Dallas billionaire investors known for their support of conservative candidates, made $550 million in undisclosed profits through 13 years of insider trading, according to a SEC lawsuit filed Thursday, July 29....
July 30, 2010 The Dow and the Standard & Poor's 500 index both had their best months since July 2009 and their first winning months since this past April....
July 30, 2010 Group Editor-in-Chief Jamie Green spoke by telephone to founder, chairman, and CEO Judson Bergman, who took the time to talk about his priorities and Envestnet’s future....
July 29, 2010 Fidelity Investments helped some 95 individual brokers and teams, with nearly $7 billion in assets under management, transition to independence in the first half of 2010, the firm announced Wednesday, July 28. ...
July 28, 2010 Ameriprise, which includes Securities America, now has 11,684 advisors vs. 12,508 in the same year-ago period. ...
July 28, 2010 The retirement-services unit of Symetra had sales of $623.9 million in the second quarter, up 10% over sales of $568.5 million in same year-ago period. ...
July 27, 2010 Noted advisor recalls the recent past and looks ahead; CIO to hold conference call July 27...
July 27, 2010 The number of UBS advisors in the United States and Canada stands at 6,760 – a 2% decline from the first quarter and a 15% decline from last year. ...
July 27, 2010 The service provider announced that it was acquiring AdviceAmerica in the second quarter, when it also launched a new payments service. ...
July 26, 2010 Nagengast replaces Steve McWhorter at the Omaha-based independent broker/dealer, which is part of Ameriprise Financial....
July 26, 2010 Most ETFs launched by PowerShares have ticker symbols that start with "P," while the sector funds in question begin with an "X," like Select Sector SPDRs....
July 22, 2010 One average, assets under management per broker at Morgan Stanley are $83 million vs. about $92.5 million at Merrill....
July 22, 2010 Raymond James Financial’s 5,340 advisors help private-client group boost sequential results. ...
July 22, 2010 Clearing firm says it is second-largest in correspondents after Ridge Clearing deal. ...
July 21, 2010 Wells Fargo Advisors’ latest headcount of 15,102 puts it behind Morgan Stanley Smith Barney’s 18,087 and Bank of America-Merrill Lynch’s 15,142. ...
July 20, 2010 The average fee-based balance for the April-June quarter was $62.4 billion, up from $59 billion a year ago and $59.5 billion in the previous quarter, online-broker TD Ameritrade reported...
July 20, 2010 Strategists with Wells Fargo Advisors are bullish on emerging markets and neutral on gold.
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July 20, 2010 Revenue from clearing services to broker-dealers and RIAs was $369 million in the most-recent period, down 8% from last year but up 1% from the first quarter....
July 19, 2010 Milton Ezrati, senior economist and market strategist for Lord Abbett, argues that actual data on the economy fly in the face of such an outlook.
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