Is Another ETN Meltdown Possible?
Checking the complicated "fine print" on exchange-traded notes is critical for investors and advisors alike.
Credit Suisse Seeks Gold Payoff
Credit Suisse unveiled a new strategy ETN for generating income on gold.
New Hire Roundup: Putnam Names New GAA Leadership Team
This week in new hires, Putnam announced a new leadership team for its global asset allocation organization, and Steve Antonakes became acting deputy director of the Consumer Financial Protection Bureau.
Top Portfolio Products: Genworth Introduces Turnkey Offering for Advisors
New products introduced over the last week include a new suite of four model portfolios from a team-up of Jefferson National and Braver Capital Management and a new fixed indexed annuity from Allianz Life.
New Hire Roundup: James Hanna Joins Genworth; Morningstar CFO Departs
This week in new hires, Genworth hires a new CTO; Morningstar announced changes in its senior management; and FSI hired Kathryn Anderson and added 500 new advisor members.
Top 7 Biggest Bank Fines
AdvisorOne finds that all of the biggest bank penalties have been levied in the last 10 years, with most of them since the financial crisis started in 2008.
Brokers Angered Over FINRA’s Bonus Disclosure Plan
Brokers and advisors wasted little time weighing in with their emotional comments on FINRA’s controversial plan to require brokers to disclose their recruitment compensation packages.
SEC’s Top Cop, Khuzami, to Leave
The SEC’s top cop, Robert Khuzami, plans to leave the agency later this month after four years as its enforcement director, the SEC announced Wednesday.
Wirehouses, IBDs Post Final Recruiting Wins, Losses of 2012
Morgan Stanley, Merrill Lynch and other firms saw a number of advisors come and go at year end.
Wirehouses, Others Actively Attract Reps
In the final months of 2012, the wirehouse firms continued to recruit advisors from each other and from other broker-dealers.