BrokerCheck Links in Twitter Profiles? No Way, BDs Tell FINRA
In comments on FINRA's revised plan to require links to BrokerCheck, rules on social media and other third-party sites draw particular ire from broker-dealer groups.
Advisors’ Favorite Value-Add Programs: Social Security, Search for Yield
American Funds and JPMorgan offer the most popular value-add programs while PIMCO falls off Top 10 list, new survey finds.
Schwab Founder: Indexing Is Not Passive
Charles Schwab decries the bad rap index funds get as “passive” investments, explaining the strategy's dynamic nature in a rare media appearance.
New Hire Roundup: LPL President Moore Elected to FSI Board
Also, DoubleLine adds four and AssetMark names Natalie Wolfsen chief commercialization officer.
Bernie Clark, SAS’ Next-Gen Cheerleader: The 2014 IA 25
When you’re the head of a large financial services organization, gravitas is your byword.
New Hire Roundup: Mercer Investments Adds 4
Also in personnel moves, Cathy Clauson joins AssetMark, and Tonnie Wybensinger joins the Financial Services Roundtable.
OptionsXpress Sued by Life Settlements Group for Naked Short Selling
Life Partners says the options firm, now owned by Schwab, sold $5.5 million in counterfeit shares of its stock.
Schwab Boosts Profits 58%: Q1 Earnings
Plus, Schwab Advisor Services' net new client assets grew 9% year over year.
New Hire Roundup: Global X Names Berruga COO, Lynch Senior Compliance Officer
Also, Joseph Cusick, formerly of optionsXpress, joined MoneyBlock, and Robert Litterman was named Commonfund's new board chairman.
LPL Exec Bruton Resigns Over ‘Interactions With Other Employees’
Derek Bruton, head of independent advisor services at LPL, steps down after seven years at the IBD.