High-Net-Worth Investor Study
By Staff WriterMost millionaires use a financial advisor, according to the High Net Worth Investor Study released March 19 by Boston-based Fidelity Registered Investment Advisor Group (FRIAG). The study profiled how millionaires use financial advisors, and assessed their confidence in the current economy and the economy a year from now.
February 23, 2007
Matchmaker, Matchmaker...Fidelity Investments is rolling out a service in which the firm will match high-net-worth (HNW) investors with select registered investment advisors who are Fidelity custody clients. The new service, Wealth Advisor Solutions, was first introduced in Boston, Chicago, and San Francisco, in January.
February 22, 2007
New President for Charles SchwabCharles Schwab Corp. announced Feb. 21 that Walt Bettinger, a longtime Schwab executive, has been named president and COO of the company, effective immediately.
February 09, 2007
TD Ameritrade Shows Its Commitment to RIAsTD Ameritrade Institutional launched its national conference in San Diego on February 8 with an address from TD Ameritrade CEO Joe Moglia. Speaking to a packed hall including an estimated 1,500 RIAs, Moglia outlined the company's long-range growth strategy, which includes a number of initiatives designed to help TD Ameritrade...
February 01, 2007
Benchmarking for DollarsWhen I lived in Washington, DC in the early 1980s, the fact that I was born in Russia almost always elicited an incredulous reaction. People...
January 12, 2007
Ameritrade Acquires Software CompanyTD Ameritrade announced Jan. 12 that its ThinkTech Inc. subsidiary has acquired iRebal, a company founded by Gobind Daryanani in association with three leading planning firms whose portfolio rebalancing program is used by wealth managers. Terms of the acquisition were not announced, but Daryanani will continue to oversee the development...
January 11, 2007
Schwab Crosses $500 Billion; Will Finance Breakaway BrokersCharles Schwab & Co. announced that its affiliated advisors now custody more than $500 billion at Schwab Institutional, up 23% from last year; SI President Debby McWhinney has previously stated a goal for the division of having $10 billion in custody by 2010.
December 28, 2006
Schwab Acquires 401(K) CompanyOne month after announcing it will sell its U.S. Trust unit for $3.3 billion in cash, Charles Schwab Corp. announced an acquisition, albeit a much...