MLP Distributions Not Tied to Oil Prices: Experts
In the past 12 months, midstream MLPs have boosted distributions 7.5%, despite the rapidly falling price of crude.
Wells Fargo Indie Group Adds 2 Ex-Morgan Stanley Advisors
The team, which has about $190 million in assets, was with LPL Financial before working for the wirehouse.
Financial Stocks Under Pressure
Some broker-dealers and related shares fell more than the market on Monday in volatile trading.
High-Yield Default Rate on the Rise: Moody’s
Defaults are “on a disconcerting uptrend, which has kept investors on edge,” says Benjamin Garber, an economist with Moody’s Capital Markets Research.
Morgan Stanley Tightens Its Overseas Client Service
The wirehouse says 400 U.S.-based reps will be allowed to serve international clients with at least $500,000 in assets.
How Mature Is Your Firm's Social Media Strategy?
Hearsay Social's new Social Business Maturity Model lets firms benchmark themselves against others using seven factors.
LPL Grabs Wells Fargo Advisors’ Tech Chief
Anthony Perkins is tapped to be the IBD's head of technology product development.
Investors Exit Active Funds to Tune of $159B Over Past Year: Morningstar
Morningstar reports $14.3 billion exited U.S. equity mutual funds and ETFs in July, but J.P. Morgan, American Funds buck active trend.
Bronfman E.L. Rothschild, Highline Wealth Form $3.6B Firm
Neal Simon, Highline's founder, will be CEO of the combined RIA group.
As RCAP Shares Crash, Cetera Recruiting and Retention Could Suffer
The firm's stock has plummeted 80% this year; the reorganization news isn't helping.