Separation Anxiety: Splitting Personal Wealth From The Family Business
Jan 26, 2011
While it is commonplace, managing personal wealth inside an operating company is hardly ideal, and may, in fact, be detrimental to the long-term interests of both the family and the business, according to family business experts.
BofA/Merrill Pricing Plan To Advance Cross-Selling
Jan 24, 2011
Merrill Lynch said today it is rolling out a new pricing program that provides incentives for customers to hold $50,000 or more in BofA deposit accounts or Merrill Edge investment balances. The program, called Platinum Privileges, provides...
Public Non-Traded REITS: Issues and Answers for Investors and Advisors
Jan 24, 2011
Non-traded real estate investment trusts (REITs) are on track to raise $8 billion in 2010, a 31% increase over 2009, according to research firm Robert A. Stanger & Co., a prominent real estate investment banking firm specializing in non-listed...
SEC Recommends Strict Fiduciary Standard For Broker/Dealers
Jan 23, 2011
In a Dodd-Frank study released over the weekend, the SEC recommended that all brokers and financial advisors adhere to the same strict fiduciary standard that currently applies to investment advisers when they provide personalized investment...
Merrill Lynch Revenue, Advisor Productivity Indicate Improved Investor Appetite
Jan 21, 2011
Bank of America’s Global Wealth & Investment Management unit, which includes Merrill Lynch, posted increased revenue and advisor productivity in the fourth quarter, signs investors may be shifting assets into longer-term, higher-margin...
Fund Families Rolling Out Absolute Return Funds
Jan 21, 2011
Seeking to reach skittish investors, fund companies have been introducing a wave of absolute return funds. The funds aim to produce positive results almost every year. New entrants include Loomis Sayles Absolute Strategies (LABAX), GRT Absolute...
Young Fee-Only Planners Get a Foot in the Door
Jan 20, 2011
NAPFA officially launched a new networking group geared toward younger people looking to get into the fee-only space.
Morgan Stanley Says Integration On Track, Wealth Managment Revenues Up 7%
Jan 20, 2011
Morgan Stanley’s wealth management division reported $3.4 billion in revenue in the fourth quarter, up 7 percent versus the year ago quarter, as higher commission revenues, asset management fees and net interest income offset lower trading...
Creating Excellence in Support
Creating Excellence in Support
Jan 20, 2011
Philadelphia: “Getting the proper support has always been an issue at my firm,” groused Harvey during the Q&A session following my presentation. Then he asked a question, impossible to answer in a quick sound bite: “How do elite advisors develop ...
Deutsche Bank Sees Billions Going to Equity Mutual Funds This Year
Jan 19, 2011
Mutual fund investors are expected to pour $250 billion into equity funds this year, as they reallocate their equity exposure back to their benchmarks, according to a panel from Deutsche Bank Private Wealth Management. The panelists said they&...
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