TD Ameritrade Earns $240M in Quarter; Says Retail Robo Is Coming
By James J. GreenAdvisor business was particularly strong in the quarter ended June 30, say outgoing CEO Tomczyk and incoming CEO Hockey.
July 18, 2016
Schwab Q2 Profits Jump 28% on Record RevenueRobo platform tops $8 billion in assets; total client assets in Schwab Advisor Services at $1.206 trillion; profit margins at 39.4%, best since record 2008.
July 15, 2016
Strong Advisor-Client Relationships Drive Growth During ‘Sideways’ MarketsThe client retention rate for RIAs was a whopping 97% in 2015, according to Schwab's annual RIA Benchmarking Study.
July 14, 2016
Betterment Assets Top $5 Billion; Firm Hires Its First CFOBetterment CEO Jon Stein says assets are five times what they were just 18 months ago.
July 14, 2016
SEC Charges Advisor With Overcharging in Wrap Fee ProgramAs subadvisor, RiverFront's "trade away" volume caused clients to incur millions in transaction costs, the SEC said.
July 14, 2016
Recruiting Roundup: Dynasty Adds Group From LebenthalMeanwhile, several wirehouse reps help form a new RIA in Cleveland; Betterment adds a CFO and hits $5 billion in AUM.
July 13, 2016
5 Strategies to Attract Millennial AdvisorsHartford Funds convened a roundtable of millennial advisors to discuss what the industry needs to do to attract them.
July 11, 2016
New FAFSA Rules Create New College Financial Aid StrategiesStudent loan rates are lower and FAFSA rules have changed, which creates new opportunities to maximize financial aid.