by
Dorothy Hinchcliff
The No. 1 advisor for LPL Financial based on revenue produced has opened
two regional offices in Washington state as part of a plan to expand
his business nationwide.
With credit easing but the economy still weak,
small-business owners looking to sell their stakes are turning more
often to Employee Stock Ownership Plans.
by
Ray Fazzi
California-based Aspiriant announced that it has completed its
acquisition of Deloitte Investment Advisors (DIA) from international
financial services giant Deloitte Touche Tohmatsu.
by Andrew Gluck
Are state regulators ready to assume oversight of some 4,200 RIAs?
by David Lawrence
What to consider when preparing your own retirement plan.
by
Ray Fazzi
Employees of the wealth management subsidiary of accounting firm
Kostin, Ruffkess & Company LLC have formed their own independent
firm.
HSBC Holdings Plc, Europe's largest bank, plans to more than double the
number of its U.S. premier banking customers to 1 million by 2013, said
Andy Ireland, head of the American wealth unit.
AIG may reach a deal as soon as today to
sell two Japanese life insurance units to Prudential Financial for
about $4.8 billion, say sources.
Bill Gross, who runs the world's biggest mutual fund at Pimco, said the planned exodus of hedge-fund icon
Stanley Druckenmiller helps mark the end of the "old normal" for
investing.
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.
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.
by
Jeff Schlegel
Fiduciary Network has bought a minority
interest in Soltis Investment Advisors, a St. George, Utah-based RIA
providing both wealth management and 401(k) services.
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
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.
by
Jeff Schlegel
M&A activity among RIAs rose in this year's first half versus the prior year, at least
in terms of the number of deals made, according to the mid-year report by Schwab Advisor Services.
by
Ray Fazzi
Aspiriant, a wealth manager that set off on an ambitious
growth plan when it was formed more than two years ago, has agreed to
acquire Deloitte Investment Advisors LLC.
The allure of independence is fading for some financial advisors who
strayed from big brokerage firms to strike out on their own.
by
Ray Fazzi
LPL Financial Corporation has reached an agreement to buy National
Retirement Partners Inc. (NRP), a national network of more than 150
advisor member firms, the companies announced today.
