New Hire Roundup: Benartzi to Serve as Achaean Academic Advisor
This week in new hires, Achaean Financial announced that Professor Shlomo Benartzi would become its first academic advisor, and Michele Wein Layne was named regional director of the SEC’s Los Angeles regional office.
MSSB Loses $600 Million Lerner Group to HighTower
This is the seventh new advisor team in 2012 to join the Chicago-based financial services firm run by CEO Elliot Weissbluth.
Schwab Partners With fi360, The Retirement Advisor University for Retirement Suite
Schwab Retirement Business Services announced on Wednesday that it has launched a suite of retirement tools to help advisors increase productivity and build skills in their 401(k) plans.
Only 1 in 5 Americans Trust the Financial System
Only 22% of Americans trust the U.S. financial system, according to the latest quarterly Chicago Booth/Kellogg School Financial Trust Index.
2012 Large-Cap SMA Manager of the Year Co-Winner: BRC Investment Management
BRC Investment Management's Large-Cap Concentrated Equity Portfolio is one of two large-cap SMA portfolios honored as a 2012 Separately Managed Account Manager of the Year.
Most Advisors Caught Failing Clients in Research ‘Sting’
Results of findings by National Bureau of Economic Research, which had undercover actors portraying clients, showed Boston-area advisors putting their own interests first.
Top Portfolio Products: Market Vectors’ Indonesia ETF; Turkish Private Equity Fund Closes
New products introduced over the last week include a new Indonesia small-cap ETF from Market Vectors; the closure of a Turkish private equity fund; a high-yield bond fund from Aberdeen; and a new fund trust from Gemini.
fi360, TRAU Join in Fiduciary, Retirement Education Plan
Blaine Aikin, CEO of fi360, says advisors who complete the retirement modules through fi360 get credit toward the C(k)P, while TRAU students can work toward the AIF designation.
The Market Really is More Volatile Today
WARNING: THE LIFEGUARD’S NOT ON duty. Swim at your own risk.
That’s the way investment advisor Richard Bregman views today’s market. “If you go into the water, there might be riptides, sharks,” says the CEO of MJB Asset Management, a New York-based firm that manages a little over $100 million in...
BlackRock’s Fink, PIMCO’s Gross Sound Off on Economy, Occupy Protests
Larry Fink of BlackRock and Bill Gross of PIMCO sat down on Thursday with Bloomberg Television's Erik Schatzker for a conversation at an alumni event hosted by UCLA Anderson School of Management. Both men are alums of the school, having graduated five years apart.