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Advisory expansion at Schwab helps 3Q profits climb
Firm reports double-digit revenue gains in three units; 15% growth overall.
Tibergien to speak at IN best practices workshops
Attend the first-ever Best Practices Awards and Workshops, Sept. 25 in Chicago and get the key findings from the 2013 InvestmentNews Adviser Comp & Staffing Study and Technology Study.
LPL's Casady on tech, a bank and regulators
LPL's chief executive discusses where the firm stands in key areas such as launching a bank, its technology and regulation. Also: Read more about LPL's tech advances.
SEC's Aguilar: Custody rules may prevent another Madoff
New regulations for brokers who control their clients' cash will go a long way toward preventing another client rip-off like the Bernard Madoff Ponzi scheme, according to a Securities and Exchange Commission member who championed the rules. “I don't think there can be any guarantee there won't be a
11.7% $100M As of June 30.1 Company estimate.2 As of March 31. N/A = not available. N/D = not disclosed. Source: InvestmentNews Data
Awaiting profit stream from rising rates
Clearing and custody firms, like their broker-dealer brethren, continue to struggle with negligible returns on client cash caused by record low short-term interest rates. But with long-term interest rates bumping up in June, sentiment is becoming slightly more sanguine about the prospects for ...
Channel changes and hybrids keep firms on their toes
Analyst Sean Daly of Cerulli Associates Inc. covers the financial advice industry as part of Cerulli's intermediary-analyst team. He tracks wirehouses, regional firms, independent broker-dealers, RIAs, dually registered investment advisers, banks and insurance companies. His work includes ...
Integrations still on the tech road map
Although not often thought of as cutting-edge by most financial advisers, the four major custodians may become popular partners with some major banks and their private-wealth operations.
Attracting RIAs with more services
Independent broker-dealer firms are making a run for the registered investment adviser custody business.
Schwab pushing fee-based programs
The Charles Schwab Corp. is running full steam ahead with its long-term plan to build fee-based revenue. In a meeting with analysts today, chief executive Walt Bettinger said that his goal is to move Schwab away from transactional business to the point where “the vast majority of revenue” is from
Low rates mean mixed bag for financial services giants
Three financial services giants posted quarterly earnings gains — some strong, some not so strong— despite continued pressure from low interest rates. A few bright spots helped.
No surprise exams for most SEC advisers
Most of the investment advisers registered with the Securities and Exchange Commission who maintain custody of their clients' investment funds aren't subject to surprise annual examinations, according to a new federal report. A study released last Monday by the Government Accountability Office
Fidelity rejiggers institutional business
Revamp aimed at streamlining coverage of RIA, B-D, bank, and retirement-plan clients
Cetera finds replacement for Grist
Cetera has hired Steve Dunlap, an executive at Bank of New York Mellon's Lockwood Advisors, to replace Barnaby Grist, who is leaving at the end of the month.
Fidelity unit in pact to open cash spigot for RIAs
Fidelity Institutional Wealth Services has opened a relationship with Live Oak Bank that the custodian hopes will solve a chronic problem for its RIA clients: financing acquisitions and successions. Live Oak Banking Co., which launched a specialized investment advisory lending unit at the beginning
- Facebook's five-star ratings: The end of business pages for advisers?
- Pimco's El-Erian to step in to shore up $3B multi-asset fund
- Rebound in gold suits big guns Paulson, Soros
- New 3.8% surtax means new tax strategies for business owners
- Mountain of money in nontraded REITs continues to hold Wall Street's attention
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Blaine Aikin CEO, fi360
Timothy Welsh, CFP President and Founder, Nexus Strategy, LLC
Justin Wisz Co-Founder & CEO, Vestorly