Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Knight Capital Group Establishes New Fixed Income Entity
By Michael S. FischerKnight Capital Group Inc. has hired a team of five traders and relationship managers from Morgan Stanley to provide fixed income sales, trading and research to the advisor community through a new entity called Knight Advisor Services.
June 29, 2010
Consumer Confidence Drops; S&P/Case-Shiller's Home Price Index RisesIn more destabilizing economic news, the Conference Board's closely watched consumer confidence survey plummeted in June while the S&P/Case-Shiller index showed that home prices rose in April--but probably only briefly--on the temporary tax credit.
June 29, 2010
LIMRA, MetLife Host Agent Retention and Productivity ForumMichael J. Vietri of MetLife, left, and Bob Kerzner of LIMRA were among the principals involved in the first industry "Agent Retention and Productivity Forum" Tuesday in New York City.
June 29, 2010
Lipper Says Second Quarter Not Kind to Funds, MarketsAfter a decent first quarter, when stocks rose between 3.6% and 8.9% and many mutual funds showed strong returns, the markets and plenty of funds are back in the red in the second quarter through June 24, according to Lipper's preliminary data.
June 29, 2010
Russell, Research Affiliates Plan Fundamental Index SeriesRussell Investments, a strong proponent of market-capitalization-weighted indexes, has joined with Research Affiliates (RA) to launch a new index series based on RA's Fundamental Index methodology, the two firms announced on Friday, June 25.
June 29, 2010
BlackRock 401(k) Survey of DC Participants Shows 'Shocking Gap' Between Behavior and IntentMost employees participating in defined contribution plans say 401(k)s are more important to them than before the financial crisis, but their behavior shows a "shocking gap" between their ideals and ability to save, a BlackRock survey shows.
June 28, 2010
First Coverage's Street Sentiment Index Is SkiddingThe First Coverage Market Sentiment Index tumbled last week, its fourth-straight week of decline and another clear sign of a downward trend, according to the organization.
June 28, 2010
Personal Income Rose Slightly in May; Consumer Spending Nearly FlatPersonal income in May increased slightly, at 0.4%, and consumer spending also rose, but at an even slower rate of 0.2%, the U.S. Department of Commerce reported Monday, June 28.