Ameriprise Adds $463M Employee Team From Merrill Lynch
The three new advisors are based in Northern California and come on board with four other professionals.
Schwab’s Robo-Related Assets Surge to $19.4B in Q2
Meanwhile, TD Ameritrade says its total client assets jumped 20% from last year.
Bill Gross: Bloated Central Banks’ ‘Curveball’ Threatens Global Economy
The more levered an economy is, the more sensitive it is to shifts in short-term interest rates and a flat yield curve, he argues.
Raymond James, RBC Add Advisors, Exec From Wells Fargo: Recruiting Roundup
Wells Fargo Advisors says it lost over 3% of its FAs over the past 12 months and 1% in the last quarter.
Merrill vs Morgan: Q2 Earnings, Wealth Results
The two wirehouses share their advisor tallies, profits, fee-based assets and more in their latest reports.
FINRA Fines Edward Jones for Supervisory Failures
The broker-dealer issued some 52 million client reports without required supervision, the regulator says.
Vanguard Proposes Fund-Advisor Changes
The proposals were sent to the SEC on the same day the firm announced that CIO Tim Buckley would become CEO in January.
Vanguard CEO McNabb to Step Down
Chief Investment Officer Tim Buckley, who joined the firm in '91 as an assistant to then Chairman John C. Bogle, will become CEO on Jan. 1.
LPL Names 20 Fund Families on New Fiduciary-Friendly Platform
Some familiar names make the list of no-load mutual funds that will be offered, with several notable exceptions.
Double-Digit Earnings Gains Will Be Tough in Q2: LPL’s White
Analysts are upbeat but not exuberant in terms of their expectations for the overall earnings season.