Scottrade Said to Be Exploring Sale to TD Ameritrade
There is speculation that the discount broker, which works with about 1,000 RIAs, could be bought by TD Ameritrade.
Advisors’ Dilemma: Investor Expectations vs. Market Reality
Natixis study finds a quarter of advisors plan a big change within 3 years due to client expectations, regulatory pressure.
California Suspends ‘Business Relationships’ With Wells Fargo
California is the largest municipal-bond issuer in the U.S. and has $75 billion in investments.
Wells Fargo Troubles Mount With Fine for Mishandling Soldiers’ Loans
DOJ is ready to sanction beleaguered bank over repossessions; OCC said to fine bank as much as $20 million over car seizures.
Top Earners Back Clinton After Decades With GOP: Bloomberg Poll
In the poll, conducted days before the first Clinton-Trump debate, top earners favored Clinton over Trump by 41% to 37%.
Vanguard Appoints John James as New Head of HR
Vanguard has appointed John James to be its new head of human resources beginning Dec. 31.
More Families Saving for College but Many Not Using 529 Plans
A new survey shows close to 60% of families are saving for college, but only 37% are using 529 plans.
Cornell Endowment Posts 3.3% Loss, Worst Among Ivies So Far
Harvard, Dartmouth and Penn also posted losses for the latest fiscal year but they were 2% or less. Yale’s endowment gained 3.4%.
30 Best & Worst Cities for Real Estate Investment
Rising home prices might spell bad news for buyers, but they are a boon for investors looking to participate in the real estate market.
Ex-Fed Chief Greenspan Tapped by Advisors Capital Management as Econ Advisor
Advisors Capital Management said former Federal Reserve Chairman Alan Greenspan is now an economic advisor to the $1.4 billion RIA firm.