Investment Platforms
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Raymond James Posts Mixed October Results; Keegan Deal Hikes Production
By Janet LevauxFees and commissions drop slightly in October from the prior month, but rise year over year thanks to the Morgan Keegan deal and other factors
November 15, 2012
When good clients go badWhat do you do when a bad client sues a good advisor? You better hope you covered your bases, and your assets.
November 12, 2012
M&A Deals in Q3 Slowest for 2012: PershingMergers and acquisitions slowed down in the third quarter after increasing since the last quarter of 2011, Pershing Advisor Solutions announced Nov. 9.
November 08, 2012
Research Affiliates, WisdomTree Settle for $700,000The ETF provider WisdomTree will receive the one-time payment, and the parties pledge not to sue each other for the next eight years over indexes and strategies.
November 07, 2012
Barclays Recruits 18 Advisors; Morgan Stanley Adds 1; LPL Group Brings on Wells TeamThe new Barclays advisors come from many wirehouse and other firms with close to $40 million in yearly fees and commissions, as well as about $9.4 billion in assets.
October 31, 2012
New Hire Roundup: Wedbush Private Client Services Group Adds WrightAlso this week in new hires, Lance Losey and Mary Welk joined Ascent Private Capital Management and Michael Millman joined The Private Client Reserve in San Francisco.
October 25, 2012
Credit Suisse to Slash $1.1 Billion More on Plunging ProfitsIt will cut additional jobs and possibly sell off its ETF business, seeking to make up for a drop in profits of 63%.
October 22, 2012
Treasury to sell off AIG stake this year?AIG CEO Robert Benmosche says a window will open when the Treasurys lockup ends in November.