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SEC exam director warns advisers about use of alternative mutual funds
Noting surge in inflows, Bowden calls the funds 'bright, shiny objects' with sharp edges.
Bank executives adopting the RIA model as they build wealth units, Fidelity study finds
Fastest-growing units are turning toward fee-based investment and planning advice.
Oregon advisers blaze their own trail
Team from Merrill Lynch that advises on $700M in assets forms RIA partnership.
Cantor Fitzgerald makes big splash in wealth management with First Commonwealth deal
Renowned trading firm strikes a deal to acquire a bank-owned RIA with more than $2 billion in assets. And it's not finished. Here's what Cantor is looking for.
Largest fee-only RIA's fourth-quarter profit shot up 43%
Strong markets, sticky assets and solicitation of an aging workforce are giving retirement account managers something to crow about. Financial Engines Inc., the largest managed-account provider for defined-contribution plans by assets, increased its profits by 43.1% in the fourth quarter of last
Targeting CPAs for referrals requires careful approach
Advisers looking to build relationships with accounting professionals should take a deliberate approach and recognize that right now — as certified public accountants are gearing up for their busiest days of tax season — is probably not the ideal time to request a first meeting. Instead, advisers
Steward Partners adds consulting unit
A new Raymond James-backed firm launched by wirehouse exiles is building a consulting unit. Steward Partners Holdings acquired the practice of a New York-based recruiter with roots in management at Morgan Stanley, Steward Partners annnounced this week. Steward's equity-partnership model includes an
E*Trade alumni launch their next big thing
Stock-trading site Kapitall woos investment-shy millennials with its online 'playground.'
Finra seeks to beef up use of BrokerCheck
Revives proposal that would require brokerages to link to regulator's database, including disciplinary background info.
Securities America enters hybrid advisory arena
Firm teams with RIA United Advisors and former Morgan Stanley executive to offer advisers independence and broker-dealer support.
Kitces, Wealthfront trade punches over online tax-loss-harvesting feature
Well-known blogger and industry gadfly continues to pepper online advisers.
Advisers differ on whether in-house investment management is a plus
Brodeski says advisers should advise; Carson insists that it's possible to generate alpha.
Wirehouse breakaway market seen thawing
After a mostly frigid 2013 for recruiting from wirehouse brokerages, agents responsible for selling those brokers on the benefits of free agency are cautiously optimistic that a thaw has finally set in.
One-third of advisers plan to exit business within a decade
Cerulli study: A succession partner is biggest hurdle for 32% of advisers eyeing retirement.
Tech that boosts business value
Financial advisers become successful by focusing on building their practices — not by planning how they'll leave them. In fact, less than one-third of today's RIA practice owners have a succession plan in place.
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February 27, 2014