Wirehouses Lose Top Spot in HNW Market for First Time
By Gil WeinreichWirehouse firms are getting hammered from every direction in the competition to attract high-net-worth investors, a report from the financial services industry research firm Cerulli says.
March 26, 2012
Who Needs Ya, Baby?Recently, fi360 CEO Blaine Aikin wrote a column for InvestmentNews about the AICPAs Code of Professional Conduct.
March 26, 2012
Another Breakaway Merrill Advisor Heads to HighTowerMike Papedis of HighTowers business development unit says the addition of Charles Holt to the Pagnato-Karp Group shows how compelling the RIA business model is to individual advisors.
March 26, 2012
Allied Beacon Launches Cabot Lodge in New York AreaThe new firm, an office of separate jurisdiction of Allied Beacon, will have branch offices in Manhattan, Princeton, N.J., and Long Island. It plans to hire 100 more advisors in the next two years.
March 23, 2012
Matt Lynch Moves to Tiburon From IBD-RIA Capital AnalystsMatt Lynch, former CEO of the independent broker-dealer/RIA Capital Analysts, is now a principal at Tiburon Strategic Advisors.
March 22, 2012
AMG Wealth Nabs Veritable Equity Stake in Big Succession Planning DealAMG Wealth Partners President John Copeland says Veritable managers who have made long-term commitments to their firm will hold a significant equity interest in the business.
March 21, 2012
Outsourcing the Back Office Across the GlobeNow that Lou Dobbs and other TV talking heads have mellowed on the outsourcing hysteria circa 2004, a sober look at the strategy, especially when it comes to the broker-dealer back office, is yielding positive results in efficiencies and cost containment.
March 21, 2012
Lawmakers Grill DOL’s Solis on Fiduciary Duty RedraftAt a House hearing, lawmakers took Labor Secretary Hilda Solis to task Wednesday over how the DOLs recrafting of its fiduciary rule is progressingspecifically on the timing of the re-proposed rule and the rules inclusion of IRAs.