Paychecks and Balances
By Bob ClarkYou know a trend is well on the way to becoming business as usual when independent broker-dealers start jumping on the bandwagon.
April 23, 2012
TD Ameritrade Taps Morgan Stanley Exec for Training PostFormer-Merrill Lynch advisor Christine Gaze will be a director of practice management for affiliated RIAs.
April 19, 2012
BNY Mellon’s Pershing Fees Help Bank Offset Forex WoesHigher Q1 2012 clearing services fees at the BNY Mellon unit that includes Pershing Advisor Services helped the bank offset lower trading volumes as the bank fights a number of forex lawsuits.
April 19, 2012
Wealth Team Joins LPL’s Hybrid Model From Bank of TampaA new independent firm is forming in Tampa, Fla., as the leadership team of Florida Investment Advisors leaves the Bank of Tampa to join LPLs hybrid model.
April 17, 2012
TD Ameritrade CEO Points to Soft Trading in 20% Profit DropPresident and Chief Executive Fred Tomczyk said earnings and revenue were right on consensus, though he did acknowledge that TD Ameritrades trades were down at a rate of 51,000 per day.
April 12, 2012
5 Tips to ‘Spring-Clean’ a PortfolioEvery year at springtime, daffodils bloom, robins hunt for worms and people file their taxes. Its this last item thats a reminder to advisors that now is also the time to clean client portfolios.
April 12, 2012
Bachus to Introduce SRO Redraft Early Next Week: Industry OfficialsRep. Bachus' revised bill comes despite economic analysis saying SRO would cost twice as much as funding the SEC.
April 11, 2012
Show Me the Data: A Dose of Reality in Fiduciary DebateWhy is the broker-dealer industry so concerned about the client costs of a fiduciary standard? They arent. That argument was simply a red herring.