LPL Financial: Nears 12,000 Indie Advisors
By James J. GreenAs it nears 12,000 advisors, LPL Financial stands just below Morgan Stanley Smith Barney (18,135 FAs), Bank of America-Merrill Lynch (15,006) and Wells Fargo Advisors (14,961).
March 01, 2010
Schwab Tackles the ETF BusinessAfter months of behind-the-scenes planning, Charles Schwab finally has its own menu of proprietary ETFs. In November 2009, the San Francisco -based company began...
March 01, 2010
TD Ameritrade Stands TallAt its 14th annual conference, held February 3-6 in Orlando, TD Ameritrade Institutional reported record attendance of 2,000, including 1,200 advisors. That strong showing matched...
February 22, 2010
Building Portfolios on the Road to Independence--Part IV: The Role and Use of Alternative InvestmentsWhen I think about the portfolio construction process it brings to mind a few good books I've read over the years. Books like: "Asset Allocation,"...
February 17, 2010
HighTower Attracts Another Wirehouse Team; Aims to Grow AUM to $50 Mn.HighTower has just recruited the Strata Group, which manages some $500 million in assets, from Morgan Stanley Smith Barney.
February 17, 2010
Investors Cap Grows Profits, Boosts Recruiting of Top FAsIn terms of its advisor headcount, the broker-dealer has some 550 reps, down from over 600 a year ago, and says it is "emphasizing recruiting quality over quantity and culling lower-producing representatives."
February 17, 2010
Raymond James: Recruiting Wirehouse and Other Advisors with $1 Billion in Total AUMRecruited advisors continue to join Raymond James from Merrill Lynch, Morgan Stanley Smith Barney and Wells Fargo Advisors.
February 16, 2010
The Online Soapbox: Bank of America Merrill Lynch's Take on Retirement Planning ReformGreater financial education and advice for workers would support the success of reform initiatives