When Frank Maiorano took over in January 2010 as chief executive at Trust Company of America, he told Registered Rep. shortly afterward that company Chairman Stephen A. Finn wanted him to be “the face of the company...
A huge demand among mass affluent investors for retirement income products is building, but industry response to the trend is still in its infancy, the author of a new Aite Group report on the subject says. Greg...
In the managed account market, what difference can fees make? This week Wealthcare Capital Management, an RIA and provider of wealth management advisory services in Richmond, Va., announced its new Unified Managed...
Two recent deals by aggregators for sizable registered investment advisors show how both sides can benefit from such mergers. Late Tuesday Focus Financial Partners said it had signed up Sapient Private Wealth...
Advisors who sold auction rate securities are finding disclosures on their records in the wake of client complaints after the investments froze in 2008. How much blame should advisors shoulder? And what will be the...
The U.S. economy is poised for improvement, but a change in national leadership is key, Charles Schwab told an auditorium of financial advisors at San Francisco’s Moscone Center who had come for the Charles Schwab...
Interested in finding new ways to diversify clients' portfolios, financial advisors appear to be ever-so-gingerly experimenting with alternative investments, new research by Rydex/SGI suggests. Their survey of more...
How rattled were people in the heat of the 2008 financial crisis? Gibson Capital LLC founder and author Roger C. Gibson recalled being asked by three or four clients whether the S&P 500 would drop to zero. Perhaps...
TD Ameritrade Holding Corp. continued to grab client assets in its fourth quarter ending Sept. 30, the company said today, and quarterly trading revenue rose sharply. Net new assets last quarter were up a record $12.4...
