Halah Touryalai

Schwab Buys ETF Firm
In an effort to ramp up its ETF offerings, Charles Schwab announced today that it has acquired an ETF-focused money management company with nearly $4 billion in assets. Schwab paid $150 million in cash and stock for the company.
Better Economic Times Ahead? Your Clients Don’t Think So.
Advisors seem more optimistic about the economy than their own clients, according to a Charles Schwab survey of 1,200 RIAs who manage a combined $234 billion in client assets.
Ten to Watch 2010-2011: Public Property
Mark S. Casady, CEO and Chairman of the board, LPL
Ten to Watch 2010: The New Custodian
Michael Kavanagh, Chief administrative officer, head of Independent Business Channels at RBC Wealth Management
RIAs Keep Up M&A Momentum
A total of 40 M&A deals, representing $30 billion in assets under management acquired, were completed in the RIA channel in the first half of 2010. That’s the strongest first half on record in terms of deal volume, according to Schwab Advisor Services which started tracking the data in 2003. There were 16 deals completed in the second quarter compared with 24 in the first quarter this year.
Overtime Suits Resurface, This Time for Independent Reps
The man who led the overtime wage battle against wirehouses (and won millions for reps) is now making the argument against the largest independent broker/dealer in the nation, LPL.
LPL Acquires Retirement Broker/Dealer
LPL continues its growth streak with the acquisition of assets from National Retirement Partners, a California based broker/dealer.
Comings & Goings July 2010
Christopher E. Baggini has been appointed as senior portfolio manager/security analyst at Turner Investment Partners. Baggini previously was the lead portfolio manager of the Aberdeen Equity Long-Short Fund, which won Lipper Fund Awards for the best ...
Who Makes More? Financial Planners or Investment Specialists?
Maybe financial planning isn’t all it’s cracked up to be. Sure, it’s been held out as a “must have” service, especially during down markets. But it turns out it doesn’t really give advisors a leg up in winning new clients or generating revenue.
The New Sheriffs In Town 2
Under reform legislation, RIAs with less than $100 million in assets will no longer be regulated by the SEC. State regulators will step in. Will states be more successful than the SEC?
Too Much Client Hand-Holding, Not Enough Prospecting
The nervous-client-syndrome has yet to wear off. That’s according to a new survey that says most advisors are still spending the majority of their time with existing clients rather then generating new business.
LPL To Go Public. At What Valuation?
As one advisor puts it, “ didn’t invest in LPL to hang out. It was a business decision and they’re ready to monetize their investment.” The PE firms’ 2005 investment valued LPL at $2.5 billion, or 2.5x gross revenue—a multiple analysts said was the highest ever for an independent b/d/.
Taking Home The Leftovers
Broker/dealer firms eat away at their advisors' take-home pay with little fees on nearly every product and service. Sometimes the slices they take aren't very transparent.
Comings & Goings
Woodbury Financial Services, a subsidiary of The Hartford Financial Services Group, hired Albert Johnson as chief compliance officer of broker/dealer
Beauty Contest At The Top
What does your CEO's face look like? If he's he might be perceived as less competent than a CEO with a more mature appearance. On the other hand, he's
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