Fidelity Asset Management Head Ron O’Hanley to Leave
Fidelity plans to replace O’Hanley with an internal successor, whom it didn’t name, according to a note to employees from President Abigail Johnson.
Goldman Reports Highest Profits in 3 Years
Underwriting revenue at Goldman Sachs surged to a record, and the firm’s reliance on trading fell to the lowest level in more than a decade.
SEC Names Osnato to Head Complex Products Unit
The unit, formerly known as the Structured and New Products Unit, was created along with four other specialized enforcement units in 2010.
Ken Fisher Warns, Industry Responds: What Happens to RIAs in 10 Years?
Ken Fisher is bullish on 2014’s market and economy but decidedly bearish on the future of RIAs.
Top 5 Financial Advisor Resolutions for 2014
An SEI Advisor Network survey of 800 advisors reveals their top priorities for their practices in the year ahead.
New Hire Roundup: Sonnenberg Joins Glassman Wealth Services
Also this week in personnel announcements and new hires, Tony Leonard joined OneAmerica.
Why Ken Fisher Is Wrong About Future of RIAs
Independent RIAs offer the one thing that Wall Street can’t: independence to represent their clients — and only their clients.
Why In-Person Advisor Conferences Still Matter: Case in Point, Schwab Impact
There are more ways than ever for advisors to learn from each other, and to support each other, but nothing beats an in-person gathering of the like-minded.
Asset Managers as SIFIs? No Way, Trade Groups Say
SIFMA and the IAA called on the Treasury to withdraw its report on asset managers' systemic importance, calling it biased and inaccurate.
How the SEC Plans to Be ‘Everywhere’
Despite limited resources, the agency is leveraging its strengths to zero in on advisors’ smallest infractions.