Ameritrade Acquires Software Company
By James J. GreenTD 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...
December 04, 2006
Bank of New York and Mellon to MergeBank of New York, the oldest bank in the U.S., and Mellon Financial Corporation said December 4 that they will merge, forming a powerful global firm that will diversify their businesses both geographically and by revenue sector.
December 01, 2006
Catching up with... Liz Ann SondersAfter the mid-term elections in which the balance of power in both the House of Representatives and the Senate shifted to Democrats, IA had to...
December 01, 2006
The Conference SeasonThe fall is conference season for investment advisors and financial planners, marked this year by two of the biggest annual gatherings held just weeks apart--The...
November 20, 2006
Schwab to Sell U.S. Trust UnitCharles Schwab Corp. announced Nov. 20 that it would sell its U.S. Trust unit to Bank of America for $3.3 billion in cash in a deal that should close in the second quarter of 2007, assuming it passes the necessary regulatory hurdles. Schwab said it would record a pre-tax gain...
November 09, 2006
Podcast: Conversation with Liz Ann SondersIn this exclusive Podcast, Investment Advisor Staff Editor Kate McBride has a chat with Charles Schwab & Company's chief investment strategist in Washington, D.C. on the morning after the mid-term elections. Topics include what the election means for advisors and the economy, the outlook for the rest of this year...
November 06, 2006
Nearly 2,000 Advisors, and Alan GreenspanNearly 3,000 attendees at the 16th annual Schwab Institutional Impact conference, including some 1,900 advisors, heard Alan Greenspan on Nov. 6 laud hedge funds as "extraordinarily important" instruments that expose, then remove inefficiencies in the capital markets. Hedge fund managers' search for "niche returns," Greenspan told the audience at the...
November 01, 2006
Enough AlreadyWhen it comes to professions that Americans love to hate, sitting at the bottom of the barrel in most such surveys are used-car salesmen, journalists,...