ETF Goliaths Better Watch Out for the Davids
Feb 04, 2011
While the big guns have been battling it out in the war for assets by lowering fees, some lesser-known players are stealing market share from under their noses.
An Insider at the TD Ameritrade Confab: Upbeat FAs See Strong Growth Ahead
Feb 04, 2011
Storms blew across America. But in the balmy climes of San Diego, FAs were upbeat and partied down (ahem, studied and worked) at the TD Ameritrade annual conference.
Ameriprise Advisor Production Still Rising—Investors Disappointed by Firm-Wide Results
Ameriprise Advisor Production Still Rising—Investors Disappointed by Firm-Wide Results
Feb 03, 2011
It was a good quarter for Ameriprise’s Advice & Wealth Management segment. It posted total revenue of $1.03 billion, a record, up 15 percent year over year. Pre-tax operating earnings of $90 million were up 157 percent from a year earlier.
RIAs on the Recruiting Warpath: LPL’s Morristown Financial Recruits 70 in 2010
Feb 03, 2011
Aite Group Senior Analyst Doug Dannemiller says more practices like Morristown are setting up hybrid RIAs as a draw for advisors who are considering a transition to a fee-only model but still want to retain their commission business. It’s on...
Advisors Letting Go & Gaining Control
Feb 03, 2011
Richmond: “I do everything for my clients, they love me, and at the risk of sounding arrogant, I get introduced to their friends, clients and colleagues without asking,” Warren explained in sort of a frantic staccato. “But I’m killing myself. I...
RIA M&A Hits Record in 2010, More To Come In 2011
Feb 02, 2011
Registered investment advisory firms were furiously busy getting hitched last year: they did the highest number of merger and acquisition deals recorded in at least seven years.
Even The Rich Are Worrying About Retirement
Even The Rich Are Worrying About Retirement
Feb 02, 2011
A survey released by Merrill Lynch earlier this week showed increasing concern about retirement among affluent Americans with $250,000 or more in investible assets. But clients with $1 million or more in investible assets are also worried, and are...
Campden Acquires IPI; Association for Wealthy Families Goes Global
Feb 01, 2011
Acquiring IPI, which has about 1,100 members who have combined assets of approximately $50 billion, strengthens Campden’s footprint in the U.S. and adds a “ready-made membership” who can exchange information with the company&...
Tax Law Update
Feb 01, 2011
Estate's beneficiaries aren't entitled to an estate's unused loss carryovers In Chief Counsel Advice 201047021 (Nov. 26, 2010), the beneficiaries of an estate weren't entitled to deduct unused carryover losses attributable to the insolvent estate...
Tax Law Update - February 2011
Feb 01, 2011
Estate's beneficiaries aren't entitled to an estate's unused loss carryovers In Chief Counsel Advice 201047021 (Nov. 26, 2010), the beneficiaries of an estate weren't entitled to deduct unused carryover losses attributable to the...
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