News

In 2005, Frank Martin, founder of private, independent RIA Martin Capital Management in Elkhart, Ind., wrote an essay in his annual report to his clients called “The Perfect Storm,” which warned of a potential financial crisis related...

Advisor productivity reached a new high for Ameriprise Financial (NYSE: AMP) in the second quarter, up 14 percent from a year ago to $99,000, driven by improved client activity and retail client net inflows, the company said in its earnings...

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...

National Planning Holdings (NPH), the independent broker/dealer network of Lansing, Mich.-based Jackson National Life Insurance Company, plans to roll out a social media initiative this fall, which will allow its 3,563 reps to use Twitter...

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...

The sales rumors have died down, and U.S. Trust president Keith Banks can breathe easier after coming off a very good month. Bank of America Merrill Lynch was named the world’s leading wealth manager with nearly $2 trillion in assets by...

New research from Aite Group shows that the online brokerages continue to take market share of wealth management assets from the wirehouse firms—something that surprised Aite Group analysts.

Many IBDs have been going under due to large liabilities they face related to alternative investments that have gone bust, including Medical Capital, Provident and DBSI. Meadowbrook is the latest to join the list of imploding firms. Other IBDs...

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