Investment Platforms
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When good clients go bad
By Daniel WilliamsWhat do you do when a bad client sues a good advisor? You better hope you covered your bases, and your assets.
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.
October 17, 2012
BofA Earnings Beats Estimates, but Advisors’ Sales SlowAs bank sees plunge in profits from last year's Q3, the number of Merrill Lynch advisors drops by one from the previous quarter to 17,533.
October 17, 2012
RBS Leaves U.K. Asset Protection PlanRoyal Bank of Scotland Group has paid 2.5 billion pounds ($4 billion) to the British government to insure its riskiest assets and agreed to exit the Asset Protection Scheme.
October 16, 2012
Baird Grabs 7 Reps With $970M as Janney Adds New ManagerThe new Baird reps join from Morgan Stanley, Citi and other firms.