It's still unclear what regulatory reform will look like, but Tom
Bradley, CEO of TD Ameritrade's institutional unit, says small RIA
firms may need to consider merging with other firms or...
by
Karen DeMasters
In the first nine months of this year, Fidelity Capital Markets
increased its share of the municipal bond market by more than 50% over
the same period last year.
by
Dorothy Hinchcliff
A broker who formed his own RIA has been charged with fraud by the SEC for misleading clients so
they would move more than $100 million in assets to his new firm.
by
Jeff Schlegel
Beverly Hills Wealth Management, an RIA started earlier this year
by a former Morgan Stanley executive, is setting its sights on
attaining a wider profile.
(Dow Jones) Financial firms are wishing they had more time to prepare their trading
systems for a new restriction on short selling that will hit the market
in just seven weeks.
TD Ameritrade has unveiled a unified management account program
that it says will "revolutionize" how such financial vehicles are
tapped.
by Joel P. Bruckenstein
Custodians are upping their technology offerings to RIAs.
by Joel Bruckenstein
Fidelity Investments says more than 600 advisory firms
now use its technology platform for RIAs and that number should more than double in a year.
by
Evan Simonoff
In a major move to offer institutional and retail clients more
investment solutions, Charles Schwab Corp. is acquiring Windward
Investment Management for $150 million.
Brokerages may end up hunting for new custodians if a proposal intended to speed up asset verification is approved.
Some advisors claim that limiting mutual fund fees will leave smaller investors out in the cold, but here's how this RIA has built a firm that serves small and large clients without commissions.
The SEC wants registered investment
advisors to describe themselves to clients and prospects in plain
English, something likely to require significant time and money.
by
Jeff Schlegel
Evercore Wealth Management CEO Jeff Maurer--and many partners at his RIA--adjust to a new life.
by Raymond Fazzi
Now that they've experienced the harsh consequences of poor business management, fee-based advisors are looking to their
custodians and broker-dealers for all the help they can get.
Many advisors wait until the last minute to sign authorizations that
allow third-party custodians to share clients' positions with the
SEC. That could hold up an SEC examination for months.
by
Eric Rasmussen
Fidelity Investments says it had helped spring some 95
breakaway brokers and teams from their firms and go independent in the
first half of 2010.
by
Dorothy Hinchcliff
The SEC today posted a form for people to
comment as part of its study of obligations and standards that should
apply to broker-dealers and registered investment advisors.
Two financial advisors won $2 million in arbitration from a
retirement-plan advisory firm they left Merrill Lynch to join in 2008,
only to be let go the following year.
by
Jeff Schlegel
TD Ameritrade Institutional announced Wednesday that 212 breakaway
brokers have joined its network during the first three quarters of
its fiscal year 2010.
