This opinion --- negative --- from Brad Hintz, a senior analyst with Bernstein, is about as blunt an opinion as you'll get. It's about the Charles Schwab Corp.'s "surprise" (as Hintz puts it) equity offering to grow its retail bank. ...
FINRA says blogs and social networking sites are subject to your broker/dealers' supervision (in accordance with FINRA guidelines, of course). But not to worry: Today's Regulatory Notice 10-06 "does not purport to address the use by individuals of...
On Friday, I noted that Robert W. Baird ranked eleventh on Fortune's annual list. Well, I somehow forgot to note that Edward Jones ranked second (beating Goldman Sachs, ranked 24). That doesn't surprise me, since Ed Jones advisors on our advisor...
Sure, Rob Arnott, a pioneer in fundamental indexing, has an ax to grind. He is after all chairman of Research Affiliates, which creates fundamental indexes and subadvises for PIMCO, Schwab and other asset managers. (Fundamental indexers create...
FAs can be an optimistic lot. This year's Registered Rep. Broker Report Cards really does show just how optimistic financial advisors can be. We don't need to remind anyone about the tremendous upheaval the popping of the credit/housing bubble...
Treasury Secretary Geithner apparently has a yen for government bailouts. Cato Institute’s Mark Calabria, writing in the New York Post today, details Geithner’s role in past bailouts. Geithner joined the Treasury in 1988 and rose to “leadership...
Remember when the institutional side of the financial houses used to look down on retail registered reps? They may still, but, gosh, how times have changed. ...
What's wrong with the hybrid model --- being both a Series 7 and IAR of an RIA? Citi Personal Wealth Management advisors want to know. Hybrid FAs there say they are being forced into a pure RIA model, even if it be more expensive for the client...
I don’t get it. I thought Treasury Secretary Tim Geithner said the gub’ment (Michigan Militia accent, please) would earn—as in profit—from its TARP loans about $20 billion. So why all this nonsense about punitively taxing bankers’ bonuses and...
