Private Ocean’s 4-Step Plan to Serving the Next Generation of Clients
By Greg FriedmanIf youre interested in growing your firm, you should identify and understand the next generation of clients, and build your firm accordingly.
July 19, 2013
GAO Suggests Requiring RIA Advice for Accredited InvestorsA GAO study recommends that the SEC require more liquid investments in private offerings or the use of an RIA for guidance as preferred means of protecting accredited investors.
July 18, 2013
BNY Mellon Posts Strong Q2 Earnings, Record Revenue, 10% Rise in AUMThe Pershing parent reversed its Q1 loss, helped by a one-time gain. It repurchased $330 million of its stock in the quarter and increased its dividend.
July 17, 2013
Raymond James Taps Wirehouse Talent to Boost Recruiting TeamThe four new regional directors also will focus on helping RIAs and hybrid advisors grow their business, according to the company.
July 16, 2013
LPL’s New Supervisory Rules Will Cost RepsLPL Financial announced to its reps on Monday that it is no longer allowing standalone reps to be their own supervisors. "This move will cause a lot of controversy and ultimately outflow to other firms, Jon Henschen said.
July 16, 2013
Schwab Q2 Profit Drops 11%; Sales Improve 4%Asset management and administration fees experience a 15% year-over-year increase and total $572 million in the latest period.
July 15, 2013
The Strange Case of CFP Board’s Alan GoldfarbAfter a sudden resignation last fall, Alan Goldfarb has been found to have violated the CFP Board's Rules of Conduct. Yet the details of the case suggest that the matter was not as clear as the initially reported findings suggested.
July 15, 2013
How the SEC Stacks the DeckThe low burden of proof required when the SEC brings a case can easily threaten RIAs' livelihoods.