Elliot Weissbluth is drawing dozens of large advisors out of the wirehouses and into HighTower, a rapidly growing national hybrid RIA. The exodus says as much about the state of the brokerage industry as it does about what’s happening at HighTower itself....More
Short equities. Why? Logically, it is clear that no one can spend more money than he has forever. It is also clear that there is too little political will to raise that critical fact as a reason for forcing the unpleasant changes in Europe (or America, for that matter) required to return to economic health. It seems the preference is to continue in our profligate ways until there are absolutely no alternatives....More
Insurance firms face some major market risks, and financial advisors should look carefully at the financial strength of a firm before selling its products to clients....More
ETFs have come under criticism lately. Don Phillips of Morningstar says that as ETFs have proliferated, they have become more expensive and hazardous for FAs and their clients to use. The original ETFs were designed to provide low-cost exposure to broad ......More
Notre Lame For many people “Rudy” conjures up the inspirational cinematic tear-jerker of the same name from 1993. Today “Rudy” is likely conjuring up tears for another reason. Daniel Ruettiger, the famed Notre Dame football player who inspired the ......More
Raymond James named Scott Curtis (left) to lead its independent broker/dealer unit, Raymond James Financial Services, replacing CEO Dick Averitt, who retires in 2012 after 33 years with the firm. Curtis has served as senior vice president of the Raymond ......More