Charles Schwab Corp.'s first-quarter profit plunged by nearly a half
from a year ago, due to low interest rates and a drop in trading revenue at the discount brokerage.
Spring has sprung, and with it have come new announcements from
custodians eager to describe the ways they can help financial advisors
flourish.
The best advisors aren't just beating their peers. The numbers show them
practically pounding them into the ground.
by
Dorothy Hinchcliff
Morningstar launched a complete upgrade today of a research and
investment software platform used by about one in four advisors in the
United States.
by
Karen DeMasters
Institutional investing techniques can help advisors provide wealthy
individual clients with a more structured investing approach, says
Steve Horan at the CFA Institute.
The retirement guarantees provided by annuities are more important to
investors than ever, advisors say, even as many advisors still avoid
using them in clients' portfolios.
More financial advisors are talking to clients about pounds as well as portfolios.
by
Dorothy Hinchcliff
The Financial Planning Coalition is pushing for a law that would
require anyone calling themselves a financial planner to be SEC registered and meet certain
ethical and educational standards.
Independent advisory firms are winning new employees from Wall Street wirehouses: experienced brokers who like the RIA model but don't want to run a business.
by
Ray Fazzi
Charles Goldman, who joined Fidelity about a year ago after leaving
arch rival Schwab Institutional, is leaving the company at the end
of March, according to a company spokesman.
by
Dorothy Hinchcliff
Schwab announced today that it helped a record number of brokers go independent in 2009.
by
Ray Fazzi
Apparently benefiting from Wall Street's troubles, Fidelity Investments
said today it helped a record number of brokers go independent in 2009.
A new rule requiring some RIAs to undergo annual surprise audits may help stem the kind of malfeasance con artist Bernard Madoff has come to represent. But many RIAs won't be subject to them.
by
Jeff Schlegel
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.
The change in strategy for Citigroup Inc.'s wealth management group
will start to get reflected in advisors' paychecks next month.
Headhunter Danny Sarch has a simple reminder for those who
want to make brokers adhere to fiduciary standards of service for the
sake of protecting consumers. "Madoff was an RIA," he said.
by Edward K. Riley
Why affiliating with a broker-dealer makes sense for some advisors who want to go independent.
Financial Services Overhaul Getting Closer
December should be a busy month for those involved with overhauling the U.S. financial services industry...
The team structure is nothing new to Wall Street brokerages. Nor is the
idea that it can make it harder for restless advisors to break away,
and take clients with them.
