Skip Schweiss, TDA’s Advisor Sage: The 2014 IA 25 Profile
Skip Schweiss has worked with advisors for 25 years. He understands their animus toward regulation, but says there’s a much bigger threat on the horizon.
DST’s Gordon: New Clearing Platform to ‘Transform’ Business Model
Gordon, who will head the business, tells ThinkAdvisor that DST will challenge Pershing and National Financial.
Bogus Fees Found at 200 Private Equity Firms: Source
A majority of private-equity firms inflate fees and expenses charged to companies in which they hold stakes, according to an internal SEC review.
12 Best & Worst Broker-Dealers: Q4 Earnings, 2013
Some of Wall Street's major players haven't been able to turn their results around, but others are putting their troubles behind them.
UBS, Raymond James Grab $2M Teams From Rivals
Meanwhile, Sapient recruits a rep from RBC in Oregon, a new RIA opens its doors in Minnesota, and an ex-Ameriprise group joins LPL.
New Hire Roundup: Murphy, Fredrickson Move Up at SEC
Meanwhile, Arbor Point Advisors added Jeffrey Schmaltz and Justin Neuberg joined Convergence Investment Partners.
Global AUM to Top $100 Trillion by 2020
Global assets under management are expected to be about $102 trillion by 2020, with about half of those assets held in North America, according to PwC.
Senator Concerned Over Treasury’s SIFI Report on Asset Managers
Issues have been raised about “the integrity” of the study on systemic importance of asset management firms, says Senate Banking's Crapo.
Johnson to Pick a Fidelity Veteran to Replace O’Hanley
President Abigail Johnson has told employees that asset management head Ronald O’Hanley will be replaced by an internal successor.
Raymond James Posts Strong Quarterly Results
Advisor fees and commissions jump 10% from last year and 6% from the prior quarter, though its number of reps stays flat.