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Ketchum suggests brokers falling short in discussing risk
Finra chief says fixed income, structured products demand straight talk to clients.
J.D. Power: Satisfaction with investment firms up
Investor satisfaction with large investment firms continues to inch higher since plummeting in 2009, and the firms with the top scores have clients who are very happy with their financial advisers and investment performance, a new survey has found.
D.A. Davidson in deal for Crowell Weedon
Montana-based D.A Davidson plans to acquire Crowell Weedon, a big brokerage run out of Los Angeles. How big? The combo will create the largest full-service IBD in the western U.S.
Wells thwarted in raiding claim
An arbitration panel's recent decision to deny Wells Fargo Advisors LLC's $30 million raiding claim against crosstown rival Stifel Nicolaus & Co. Inc. is just the tip of the iceberg in a six-year battle over advisers.
Stifel turns tables on Wells Fargo with 'scorched earth' claim
Brokers have been battling over recruiting for six years; Stifel CEO sees vendetta.
Schwab website still on the fritz
Denial-of-service attack did not impact customer accounts or data, firm says.
The Takeaway: How did the rich get that way?
PortfolioYes of course there's a new 3D Printing index, how else will people be able to get blown up in the inevitable ETF? ( Index Universe )An investing rule I believe could help you a great deal. ( The Reformed Broker )How Jim Chanos is using long positions in Apple and Samsung to offset
Pay up to play: Securities exam fees to increase June 1
Fees for securities licensing exams will increase as of June 1, the North American Securities Administrators Association Inc. announced today. Broker and investment adviser candidates who take the Series 63 exam will be charged $115, up from $96 currently. The Series 65 fee will be $155, up from
The Takeaway: Hold your horses on preferred stock
PortfolioGoldman Sachs: Forget gold, nat gas is the new safe haven. ( The Tell )That Reinhardt-Rogoff research that's been used to justify an avalanche of austerity around the world? There may have been a small error ( Next New Deal )Some good values in the oil & gas patch based on quantitative
The Takeaway: It's Jack Bogle's world
PortfolioETFs aren't going to solve investors' bad behavior problems. ( Bucks )Goldbugs search for secret conspiracies to explain their massively upside-down positions in the so-called Safety Trade. Keep searching. ( Business Insider )The BizFull-blown penny stock pump-and-dump alleged by Finra
Raymond James cuts 160 staffers, no advisers
Raymond James Financial Inc. has cut 115 jobs from its home office staff in St. Petersburg, Fla., and another 45 nationally in an “unprecedented” round of layoffs in the wake of its acquisition last year of Morgan Keegan & Co. Inc. The two firms finished the consolidation in February, leading to
Florida on verge of making branch office registration instantaneous
Sometime over the summer, broker-dealers and investment advisers will have an easier time setting up branch offices in Florida, thanks to legislation that appears likely to be enacted.A bill that would replace the current registration process with one that grants instant approval once an
Brightscope set to push out adviser fees
Get ready for a new level of transparency. Brightscope is gathering fee info from ADV forms and plans to begin publishing it later this year. Dan Jamieson has the details.
Baird expands in the oil patch
Firm recruits seven advisers from Wells Fargo with $770 million in client assets.
Raymond James sweetens the pot for hybrids
Firm sees 'simplicity' and 'transparency' in new fee structure for target group.
Explore your opportunities and be informed for your next move.
Mary Beth Franklin, InvestmentNews
Harley Gordon, CLTC