The securities industry won’t have dual self-regulatory organizations to complain about anymore. The NASD announced over the weekend that member firms “overwhelmingly approved” to consolidate the...
Citigroup announced two key management changes today: Sallie Krawcheck, Citigroup’s CFO, returns to her role as CEO of global wealth management, and Todd Thomson, who currently holds the position, is leaving the...
Schwab Institutional, the independent investment advisor arm of Charles Schwab, announced that it plans to offer start-up loans to registered reps who leave their firm to affiliate with Schwab’s independent...
The SEC proposed a rule in December that would raise the net worth requirements of investors in hedge funds to $2.5 million from $1 million, not including the value of one’s home.
Nick Nicolette is a principal with Sterling Financial Planning, Inc., which manages $275 million for roughly 300 clients. He’s also the new president of the Financial Planning Association. Registered Rep...
In October, Bank of America offered free trading to its banking clients with more than $25,000 in deposits. Just another shot fired in the online price war or something more?
In the securities business, the word connotes a smallish brokerage, dispensing simple, up-the-gut advice to their aw-shucks clientele, the kind of folks who live in small cities and rural communities in, say, the...
