College Grads Entering Best Job Market Since Great Recession
The New York Fed says the unemployment rate for recent college graduates is under 4% and wages have been rising.
From ‘Pedestrian’ to Personal: Giving Clients What Wirehouses Can’t
Cardan Capital, founded in part by ex-lawyers, broke away from Merrill and now helps women going through life transitions.
Best Firms for Self-Directed Investors: J.D. Power — 2017
More banks are moving into this space; millennials are demanding as clients and can easily jump to robos, the survey finds.
RBC Nabs $5.5M Morgan Stanley Team; Baird Adds $1.4M Group from UBS
Meanwhile, Raymond James and U.S. Trust share the names of their most recent hires.
Fidelity Expands Managed Account Offering to Advisors, Recordkeepers
The offering is a personalized, customized solution for employee retirement accounts.
Ex-BofA Wealth Exec Charged in $2.7M Charity, AIDS Scam
Executive and her husband are accused of grabbing bank’s charitable donations and of fraud affecting HIV/AIDS children’s charities.
McConnell Pessimistic That Congress Will Revamp Dodd-Frank
Senate leader says Democrats uninterested in overhauling financial rules; any big changes may fall to regulators, he adds.
How Morgan Stanley Is Changing Its Advisor Business Model
The expected big change to a different business model brings big challenges to advisors, Morgan’s Jim Tracy tells ThinkAdvisor.
Can This Fee Structure Save Actively Managed Funds?
A new series of funds AllianceBernstein expects to launch this year charge full fees only if they outperform.
UBS to Give Advisors BlackRock’s Aladdin Risk Tools
It also will share Solium Capital’s equity-compensation technology with a subgroup of its 7,000 reps.