SIFMA Lowers Growth Outlook; Sees Fed Rate Hike in September
Despite a negative Q1, "the economy is already getting right back on track," said Ethan Harris, chairman of SIFMA’s Economic Advisory Roundtable.
Investors Boost Cash on Threats of Rate Hike, Greek Exit: BofA Merrill
Global investors are holding more cash in anticipation of Fed rate hike and worries about Greece and China, a BofA Merrill Lynch survey finds.
Maria Bartiromo: More ‘Money Hammer’ Than ‘Money Honey’
The Fox anchor talks to ThinkAdvisor about her advice for FAs, why business news is sexy and why beauty only gets a journalist so far.
Apple Is the New Pimco, and Tim Cook Is the New Bond King
Tech companies hoarding cash have become big fixed income players, going after investment-grade offerings.
LPL Adds Teams From Morgan Stanley, Lincoln; Merrill Grabs Ex-UBS Duo
The indie broker-dealer should bring in about $600 million in new assets and the wirehouse about $300 million.
SEC Hits Merrill for $11 Million Over Faulty Short-Sale Orders
Two Merrill entities admitted to using inaccurate, old data when executing short-sale orders for customers.
Millennials: Ignore Them at Your Peril
Figuring out how to serve the now-largest of the generations is worth it, several advisors said in a recent discussion.
Sallie Krawcheck: Ellevating Leadership—The 2015 IA 35 for 35
Ellevate Network’s leader stresses the importance of women to management and to the industry.
On Economy, Wall Street Sulks as Main Street Exults
A new BofA Merrill report says go to cash while a broad-based sentiment survey shows small businesses feeling upbeat.
New Hire Roundup: SEC Names Grim Director of Investment Management
Meanwhile, Merrill has created a retirement income and investment team and a Mercatus fellow has been named chief economist for House Financial Services.