Fidelity Is Said to Dismiss Hundreds of Workers, Axios Reports
Fidelity declined to comment on the report by Axios, which was founded by former Politico veterans Jim VandeHei, CEO, and reporter Mike Allen.
High Profit Margins or High Growth: Choose One
Firms that focus too much on profit margins in order to bring home more income now cut off opportunities to grow their firms.
FSI Cheers Demise of Bill to Tax Investment Managers in Illinois
FSI members organized as LLCs, LPs or LLPs would have faced stiffer taxes, the lobbying group says.
How to Move Upmarket With Clients and Assets
A new Cerulli report suggests ways for advisors to identify mass affluent clients who have the potential to accumulate millions more in assets.
HighTower Nears $50B Mark, Adds 3 Execs
The firm hires George Fischer, Susan Krakower and Kyle Okimoto, who have worked for Merrill Lynch, E-Trade and CNBC.
Schwab Expands Commission-Free ETF Offerings
Schwab has added 15 ETFs to the platform, including stock, bond and commodity ETFs, plus one focused on MLPs.
280 CapMarkets Launches Muni Bond Trading and Pricing Platform for Advisors
The platform will provide access to essentially the entire muni market as well as price transparency.
Bernard Health Expands Partnership With Financial Advisors: Portfolio Products
Also, MSRB launched a free, scenario-based course to educate advisors and investors about municipal bonds.
Raymond James Adds $1B RIA Partner in Texas: Recruiting Roundup
Meanwhile, First Republic Bank brings on two wealth teams from UBS and Merrill Lynch in the Golden State.
Essential Advisor Bill Shiffman on Being Proactive
“Coming out of an accounting background, most accountants are reactive,” Schiffman says.