El-Erian: Fed to Hike Rates in September
The impending tightening of monetary policy, the economist says, will be "the loosest tightening in the modern history of central banking."
Gundlach: Bond Market Is Wrong to Predict Rate Hike This Year
DoubleLine CEO Jeffrey Gundlach puts the odds of an interest rate hike before the end of the year at less than 50%.
Raymond James Adds $400M Merrill Team in Cincinnati
The duo has about $2 million in production and joins the employee advisor channel.
Hearsay Social, American College to Roll Out Social Media Classes for FAs
The venture aims to help advisors reach younger clients via tools like LinkedIn, Twitter and Facebook.
Oil Price Drop Hitting Sovereign Funds: Invesco Study
North American sovereign wealth funds have been hardest hit by the steep drop in energy prices, the study found.
PIMCO Outflows After Gross’ Exit ‘Staggering’: Morningstar
Institutional outflows remain an issue for the fixed-income shop, according to the research firm.
Securities America Hosts National Conference, Women’s Summit
The indie broker-dealer also says its reps can begin using a mobile-check deposit app.
Focus Financial Obtains $1B for Growth
The credit facility is available to all Focus firms and will fund programs to support efforts to go independent and plan for succession.
LPL Adds Teams From Morgan Stanley, Lincoln; Merrill Grabs Ex-UBS Duo
The indie broker-dealer should bring in about $600 million in new assets and the wirehouse about $300 million.
Wells Fargo, Hearsay Social Roll Out New Tech Tools
The wirehouse boosts reps' tablet power, while the social media tech firm introduces a "universal" supervision solution.