Lack of Research Limits Advisor Use of Closed-End Funds: Aberdeen Study
By Joyce HansonAdvisors say a lack of research coverage limits their use of closed-end funds, according to an Aberdeen/Harris study released at the Capital Link 10th Annual Closed-End Funds and Global ETFs Forum in New York.
April 20, 2011
FINRA Alternative: SROIIA Surveying RIA FirmsFledgling SRO for RIAs adds officers, announces progress.
April 19, 2011
BofA, Morgan Stanley, Wells Fargo Battle to Regain Business Lost to RIAs: FRC StudyWirehouses are working to regain market share lost to RIAs by making major changes in the way they work with advisors, asset managers and investors, says FRC.
April 19, 2011
2011 Q1 Earnings: BNY Mellon Misses Estimates Despite Pershing's Strong ResultsClearing services conducted by Pershing resulted in sales of $292 million, up 27% from last year.
April 18, 2011
New SRO for RIAs Supported by Fiduciary CommitteeThe Committee for the Fiduciary Standard will support an SRO for RIAs “if Congress fails to provide sufficient funding to the SEC to continue oversight of investment advisers,” the advocacy group said Monday in a news release.
April 15, 2011
2011 Q1 Earnings: Schwab Earns $0.20 per Share on 23% Jump in RevenueCharles Schwab reported that net income in the first quarter of 2011 was $243 million, or $0.20 in EPS, slightly beating analysts’ earnings consensus.
April 05, 2011
CFP Board to Unveil $36 Million Branding Campaign at April 14 WebinarIn an effort to raise awareness about the Certified Financial Planner certification and what it means to the general public, the CFP Board of Standards is introducing a $36 million branding campaign at an April 14 webinar.
April 04, 2011
Scottrade Jumps Into ETF Fray With 15 FocusSharesThe new ETFs, based on Morningstar indexes, are available on a commission-free basis to registered investment advisors using Scottrade Advisor Services as their custodian