Did you think financial advisors would be immune to the sub-prime crisis? Think again. Sure, you've heard that credit markets are tight. Capital is obviously still scarce at the big Wall Street firms, which have collectively written down over $100...
(Bold Indicates Top 100 RIA) Firm City Phone Website Total AUM (millions) Total Accounts Number of investment advisors Number of clients CALIFORNIA Kochis Fitz Quintile Investment Advisors, LLC San Francisco 415-394-6670 www.quintile.com $4,961...
The Roth IRA turns 10 years old in 2008, and chances are that some of your clients are among the 17 million Roth IRA owners who would happily celebrate if a birthday party of sorts were thrown. But you probably have an equal number of clients who...
Long a Favorite of Investors in Europe, structured products are rapidly gaining popularity in the United States. Last year, $114 billion in structured products were issued in the U.S., according to the Structured Products Association. That's a 78...
Kuwait. Singapore. Russia. China. The government investment funds of these countries, and several others, may have saved our financial system from severe shock. Following over $100 billion in write-downs at the country's biggest banks due to bad...
The SEC voted in February to propose changes to the structure of the Form ADV, the disclosure document that all investment advisors must complete. Instead of the current online check-the-box format, investment advisors would be required to create...
One more time: Retail investors your clients are confused about the definition of a financial advisor. That is, they don't understand the difference between a Series 7 registered representative and a Series 65 investment advisor representative...
For the first time ever, bank holding companies (BHC) were required by the federal government to report annuity fees and commissions—and it turns out Wachovia earned more than any other BHC.
A financial advisor we know recently left his big brokerage firm to go independent completely independent, as in setting up his own registered investment advisory firm. How is the technology search going? we asked him. It's kind of a baffler, he...
It has been an embarrassing time for most big Wall Street banks. In the third quarter of 2007, NYSE-reporting firms posted their worst quarterly performance on record, collectively amassing $3.8 billion in losses. Of course, their balance sheets...