Securities America Moves One Step Closer to Finalizing Settlement
May 02, 2011
After months at the negotiating table with clients who filed arbitration and class action claims against the firm, Securities America is one step closer to getting the OK on a $150 million settlement. Friday, Judge W. Royal Furgeson Jr. of U.S...
Racehorses: Good For A Gamble, Bad For Investment
Racehorses: Good For A Gamble, Bad For Investment
May 02, 2011
The Kentucky Derby has been called the fastest two minutes in sports. But after the thoroughbreds thunder past the finish line at Churchill Downs during the 137th running of the storied race on May 7, another competition will begin to gather speed...
The Changing Face of American Wealth
Apr 29, 2011
Estate planners and trustees should consider the distinctive social and demographic phenomena that shape their clients' needs
Securities America Likely To Sell At Discount
Securities America Likely To Sell At Discount
Apr 28, 2011
Ameriprise needs to find a buyer for Securities America in a hurry. Many advisors, including large producers, are likely to leave now that Ameriprise's intention to sell has been made known, sources told Registered Rep. The IBD will probably be...
Investors Focused on Managing Risk in Fixed Income
Apr 28, 2011
With interest rates and inflation expected to rise in the months ahead, investors and advisors are focusing their attention on managing the risks in their fixed income portfolios, according to panelists at Wednesday’s Closed-End Funds and...
CIMA Aims High: Seeks to Replace Series 7, 65 As Industry Standard
Apr 27, 2011
The Investment Management Consultants Association announced Wednesday that its popular CIMA certification is now accredited by the American National Standards Institute (ANSI), making it the first of the major wealth management designations to...
Competitive Threats Helped Spur Schwab-optionsXpress Deal
Apr 27, 2011
Online options brokerage optionsXpress had been looking for a merger partner for nearly three years before it accepted an offer from Charles Schwab Corp. in March, according to a filing with the Securities and Exchange Commission. Growing...
Merrill Lynch Names Thiel to Run U.S. Brokerage
Apr 27, 2011
John Thiel, who rose from the trenches at Merrill Lynch as a financial advisor in Tampa, Fla. to head the firm’s private banking group, will soon lead some 15,000 advisors in Merrill’s U.S. brokerage unit as well, his boss Sallie...
Poll: Do Recruiters Promise Too Much?
Apr 27, 2011
A former Raymond James advisor recently filed suit against the broker/dealer claiming an internal recruiter misrepresented the support, technology and compensation the firm could deliver. After he had joined the firm, he found that Raymond James...
Reverse Mortgages Preferable to Selling Mom’s Home
Reverse Mortgages Preferable to Selling Mom’s Home
Apr 27, 2011
Many of your Boomer clients have elderly parents who are facing a seemingly unsolvable problem: how to produce enough income to cover increasing living costs without jeopardizing investment principal...
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