In this section we present key findings and insights from our survey questions on practice management and operations, including services offered, the most time-consuming activities, professional designations, custody relationships and documentation trends.
Times are tight for small-business owners. Not immune to the sub-prime mortgage collapse, many are finding their best sources of capital home equity financing and credit card debt have dried up. Most recently, small-business financial allies like...
Felipe Luna is on the Prowl for More Advisors particularly wirehouse reps who are lusting after the independent life for his RIA firm, San Jose, Calif.-based Concert Wealth Management. In October, Concert brought on three Morgan Stanley reps with...
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...
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...
We recently received a set of documents from opposing counsel in a trust litigation case. As our co-counsel at another firm was reviewing the documents, she noticed that the plaintiffs' lawyers had inadvertently included certain recent...
RBC Dain Rauscher is continuing its recent streak of acquisitions, part of an effort by Canadian parent Royal Bank of Canada to build a bigger presence in the lucrative U.S. wealth management market. Dain announced today plans to acquire Ferris...
