Better-Paid Employees Build Better Firms: FA Insight
Often, in their zeal to “contain costs,” as Oscar Wilde said, those in charge “know the cost of everything and the value of nothing.”
QE’s Cost: Fed Exit May Hit Economy Faster Than in Past Cycles
The Federal Reserve will have to confront the costs of its massive balance-sheet expansion when policymakers raise interest rates.
Recruiting Roundup: UBS Adds $5B Team From JPMorgan, Advisor From Merrill
Meanwhile, Wells Fargo recruits JPMorgan rep, as Ameriprise picks up four ex-Wells FAs.
Meet the Richest Man Who Ever Lived
Brilliant, egotistical, greedy, unyielding and powerful, the wealthiest man who ever lived isn’t who you think he is.
Servicemembers Favor Permanent, Not Temporary Life Insurance
Permanent life insurance ownership among members of the military has increased seven points over the last year, according to First Command Financial Services.
Fidelity National Agrees to Buy SunGard for $9.1 Billion
The deal combines a banking and payment firm with a software maker, while pushing Fidelity into the wealth space.
Gross, El-Erian Disagree on Fed Rate Hike
Bill Gross says Fed has data it needs to start raising rates in September; Mohamed El-Erian says Fed will wait for the next jobs report.
Former Libor ‘Ringmaster’ Hayes Gets 14 Years for Libor Rigging
The ex-UBS and Citigroup trader, 35, was found guilty of conspiracy in London.
11 Tips for Effective Cybersecurity
Protecting clients’ data and assets is crucial, and advisory firms are ripe for cyberattacks. Follow these tips to help prepare for a data breach.
Pretty Good Week for Live Oak Bank: $200M in Advisor Loans, Plus an IPO
The bank that lends to small businesses held a successful IPO in the same week it hit the $200 million mark in advisor loans.