Insurer-Affiliated Reps Show Increased Interest in Selling Investments
Aug 09, 2011
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LPL Posts Record Revenues, Asset Levels; Adds 100 Reps
LPL Posts Record Revenues, Asset Levels; Adds 100 Reps
Jul 27, 2011
LPL Financial (NASDAQ: LPLA) reported record revenues in the second quarter of $894 million, a 13.1 percent gain from the year-ago quarter, and record asset levels of $341 billion, 23 percent higher than the second quarter of 2010. . Second...
UBS Wealth Management on the Turnaround
UBS Wealth Management on the Turnaround
Jul 26, 2011
The once embattled Wealth Management Americas unit reported a dip in net new money (NNM) – including dividends and interest -- from $8.4 billion in its last quarter to $7.9 billion in the latest quarter, down six percent. But UBS notes that...
Raymond James Rep Count, Assets Up Amid Tough Recruiting Environment
Raymond James Rep Count, Assets Up Amid Tough Recruiting Environment
Jul 21, 2011
Raymond James Financial’s (NYSE: RJF) private client group added 20 advisors in the U.S. during the fiscal third quarter despite a tough recruiting environment for regional firms. But second-quarter earnings were down.
TD Ameritrade Reports Lower Profit, but, at RIA Unit, Breakaway Recruitment Is Up
Jul 19, 2011
Profits and revenues fell at TD Ameritrade Holding Corp. last quarter as trading waned at the discount brokerage, but Chief Executive Fred Tomczyk said TDA Institutional has brought on 260 breakaway brokers over the past three quarters, a 20...
Wells Fargo’s Wealth Management Earnings, Headcount Dip but Cross Selling Improves
Jul 19, 2011
Wells Fargo’s (NYSE: WFC) wealth, brokerage and retirement business posted slightly lower second-quarter earnings. Advisor headcount was also down compared to the first quarter, but, on a positive note, advisor cross-selling continued to...
iPhone versus Android? Buy Google Shares, Maker of Android Software
Jul 13, 2011
RIMM will continue to lose market share, and face declining revenue, margins and average selling prices. The end result will be a firesale of RIMM, perhaps to Dell (DELL), MSFT, or an East Asian hardware maker...
Some High-Profile Mutual Fund Managers Are on a Buyer’s Strike
Some High-Profile Mutual Fund Managers Are on a Buyer’s Strike
Jul 12, 2011
Like FPA, PIMCO’s star Bill Gross is wary of long-duration Treasuries
Gen Y Likes Risky Business
Jun 01, 2011
Younger investors, we were told, lost their taste for equities after getting beaten up by two recessions in the past 10 years. But new data from Vanguard suggest that Gen Y's aversion to risk may be overstated. The company found that in the...
Despite Long Bull Market, Fund Investors Are Still Cautious
Despite Long Bull Market, Fund Investors Are Still Cautious
May 10, 2011
Advisors don’t appreciate how cautious clients have become, said speakers at the Investment Company Institute’s recent general membership meeting in Washington yesterday. Despite two years of rising markets, clients continue to hold...
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