Getting a Handle on 408(b)(2)
By Melanie WaddellThe Department of Labor's (DOL) newly proposed 408(b)(2) regulation, which mandates disclosures of compensation and conflicts of interest by plan service providers will, when finalized,...
March 07, 2008
Ending a Three-Year Settlement SagaFidelity Investments has agreed to pay an $8 million penalty for accepting over $1.6 million in gifts and entertainment paid for by outside brokers.
March 05, 2008
A Good Year, Fourth Quarter for FidelityOn February 11, 2008, Fidelity Investments released its fourth quarter 2007 and record full-year brokerage results. Total brokerage client assets reached a high of $1.99 trillion in the fourth quarter, a 17% increase from one year ago.
March 04, 2008
Working Out for the BestNew computer........$1,200 Business cards.........$50 Software............$1,000 Seeing the look on a clients face whenever you've helped them..............PRICELESS! Yes, priceless. There's nothing I'd rather do than provide quality advice and service...
March 01, 2008
A Fortified TD AmeritradeStrengthened in advisor numbers and assets under custody by completion of its acquisition of Fiserv ISS, TD Ameritrade opened its 2008 National Conference in Orlando...
March 01, 2008
Fast Growing RIAs Tied to Breakaway BrokersA new study commissioned by Fidelity Investments of the fastest growing RIA firms found that firms that grew their assets under management by more than...
February 25, 2008
New COO for Pershing Advisor SolutionsPershing Advisor Solutions (PAS) has named Karen Novak as COO.
February 22, 2008
New COO for Schwab Institutional; Expanded Duties for Sales ChiefSchwab Institutional has named Patricia Cox COO, the position last held by the current head of SI, Charles Goldman. Cox began her career with Schwab in 2000, and comes to Schwab's advisor division from its retail unit, Schwab Investor Services, where she has been in charge of client service and...