Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Schwab Lowers Fees on 6 of Its ETFs
By Joyce HansonAs broker/dealer competition for the exchange traded fund market heats up, Charles Schwab Investment Management Inc. on Monday, June 14, announced that it is reducing fees on six of its propriety ETFs.
June 15, 2010
House-Senate Conference to Debate Fiduciary ProvisionMembers of Congress are meeting in Conference this week to whittle the Senate and House versions of financial reform legislation into one final bill and the fiduciary provision is expected to be up for review on Wednesday, June 16.
June 15, 2010
Home Builder Confidence Dropped in June; Import Prices Fell in MayHome builder confidence in June for the newly built single-family home market fell back to February levels, before the beginning of the tax credit-related surge, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
June 15, 2010
Putnam Investments to Launch Multi-Cap Equity FundsPutnam Investments announced Monday, June 14, that it will be launching a suite of three U.S. multi-cap equity funds, available by late September 2010.
June 15, 2010
Russell Survey: Clients Risk Falling Short of GoalsIn the latest Financial Professional Outlook quarterly survey of 400 financial advisors, Russell Investments says it found that clients are at risk of falling short of their financial goals if corrective action is not taken.
June 14, 2010
ING Introduces Two New 'Fixed-Index' AnnuitiesWith the goal of helping consumers better prepare for retirement, ING introduced two new fixed-index annuity products to the marketplace on Monday, June 14.
June 14, 2010
SEC Charges Phony Western Gold Sales Team in $300 Million Ponzi CaseThe SEC charged Friday, June 11, that a group of swindlers persuaded more than 3,000 U.S. and Canadian investors to put their savings and home equity into a $300 million Ponzi scheme for a phony gold-mining operation.
June 14, 2010
For Pershing's Kumar, Mobile Apps Are the Future Now for AdvisorsWhen Pershing's chief information officer, Suresh Kumar, talks about Pershing LLC's NetX360 platform that just celebrated its one-year anniversary, he's understandably excited about the 70% adoption rate of NetX360.