Wealth Management industry news covering the financial markets, trends and wealth professionals.
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Wells Fargo financial advisors received their first paychecks last Friday under the firm’s new tax withholding system, which applies a flat rate of 25 percent to all. Many of the firm’s 12,000 financial advisors have grumbled to...
On Monday, Citigroup filed a motion to dismiss a class action lawsuit filed against the firm over the terms of its financial advisor bonus pay agreements. The firm filed the motion with the U.S. District Court for the Southern District of New York.
It’s earnings season, and consensus analysts’ estimates are predicting a 184.2 percent jump in earnings for the S&P 500 companyies in Q4 over a year ago. Obviously, Q4 earnings have an easy bogey, since Q4 2008 earnings were pathetic...
Each December analysts at Raymond James pick a list of stocks its will likely “produce above-average price appreciation over the next 55 weeks.” This year’s list contains 14 stocks that Raymond James analysts say should somehow...
Talk about optimism. Consensus analysts’ earnings estimates for S&P 500 companies for 2010 are now at $77.61 per share—that’s a 30.5 percent jump over 2009 estimated earnings, ThomsonReuters said Friday in its weekly “This...
More proof of the breakaway broker phenomenon, albeit anecdotal? Moneta Group has hired two veterans legacy A.G. Edwards advisors, the company said today, amid a nascent national trend of advisors leaving wirehouses for smaller independents.
