PIMCO’s El-Erian: Forget Politicians—It’s the Fed That Matters
PIMCO CEO Mohamed El-Erian believes that central banks are better these days at setting policy than politicians.
Hybrid RIA, LPL Affiliate Adds Two Practices
U.S. Wealth Management hopes to reach $1 billion in client assets over the next 12 months, up from $600 million today.
Bernanke Talks and 10-Year Treasury Yield Zooms Past 2%
Bernanke admits that savers who rely on interest income from savings accounts or government bonds are receiving very low returns even as low interest rates have helped create jobs and support home prices.
LPL Q1 Earnings Rise on Strong Hybrid-RIA, Other Growth
Net new assets across its different platforms hit $3 billion in early 2013.
Shh! Virtual Recruitment Market Lets Advisors Shop Anonymously for New Firms
Companies that have signed on to the Advisor Center include Cetera Advisors, Commonwealth Financial Network, LPL Financial, Pershing Advisor Solutions and TD Ameritrade Institutional.
Fed Holds Rates, QE in Place as Congress Holds Budget Hostage
In its efforts to prop up the economy by keeping interest rates down, the Fed will keep buying $85 billion a month in Treasury and mortgage-backed securities.
LPL’s Latest Shot in Tech ‘Arms Race’: Naming Ex-IT Exec to Board
Several experts are wowed by former Xerox CEO Anne Mulcahy’s new role at LPL.
LPL Launches Platform to Improve 401(k)s for Participants
LPL Financial launched a retirement plan platform to help employers provide their workers with an improved 401(k) experience, the firm announced Monday.
Johnson Named President of National Planning Corp.
John Johnson has been acting in this role for the Jackson National-affiliated independent broker-dealer since November.
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.