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Pershing and LPL join forces
Pershing will expand its products and services to LPL B-Ds that use Pershing, the firms announced today.
Advisers, providers remain skeptical on ETF-based annuities
More than two years after the launch of the first variable annuity based on exchange traded funds, VA providers and financial advisers are still ap-proaching the product with caution.
Analysts downgrade Merrill Lynch stock
JPMorgan Chase analyst Kenneth B. Worthington downgraded Merrill's stock to "neutral" from ''overweight.''
First Southwest to send platform via B-Ds
The clearing firm's B-Ds will provide consolidated performance reporting across all accounts.
Jackson names VP of eastern B-Ds
In this newly created role, Gregg Mahalich will oversee Jackson’s wholesale efforts among regional firms.
Marsh unit sued by Connecticut AG
Guy Carpenter and Co. is accused of conspiring with reinsurers to fix prices and eliminate competition.
Advisers, providers remain skeptical on ETF-based annuities
More than two years after the launch of the first variable annuity based on exchange traded funds, VA providers and financial advisers are still ap-proaching the product with caution.
At long last, regulators to define "promptly’
Under regulations governing the securities industry, it's not enough for firms merely to archive e-mails; they must be able to furnish them to regulators “promptly.”
Personalized service the norm at Highline Wealth Management
The walls of Neal Simon's office at Highline Wealth Management LLC are lined with the images of people he and his wife photographed during their travels through China, Guatemala, India, Indonesia and Peru.
Advisers face the challenge of data consolidation
Financial advisers don't suffer from a lack of client data, but too many providers don't offer such data in a consolidated fashion, forcing advisers to find certain types of information on their own.
Community Leadership Awards
Ken Clark, Barry Glassman, Gerry Strid and Arnerich Massena & Associates Inc. were named winners of the 2007 Community Leadership Awards, which were presented by the Invest in Others Charitable Foundation and InvestmentNews, late last month in New York.
Good news on jobs front
The U.S. added 110,000 new jobs last month, following a significant upward revision for the two prior months.
Gallagher buys insurance brokerage firm
BIS Insurance Services, a Sacramento, Calif. employee benefits insurance broker, will remain in its current location.
Europe keeps interest rates steady
The European Central Bank will leave key interest rates unchanged in light of a favorable medium-term outlook for economic activity in the region.
Merrill fires two senior executives
Osman Semerci, former head of the fixed-income division, and Dale Lattanzio, former head of structured credit products, have left the firm.
Cash-poor Street can affect city, study says
Wall Street’s recent round of layoffs could ripple through the rest of New York City, impacting jobs and tax revenue.
Schwab donates $1.25M to universities
The Charles Schwab Foundation pledged $1.25 million to Texas Tech University and the University of California at Irvine.
401(k) ‘generalists’ must become experts
The 401(k) arena now demands specialized advisers, said Phil Chiricotti, president of the Center for Due Diligence.
Wachovia-Edwards deal seen as a balancing act
The merger of Wachovia Securities and A.G. Edwards, scheduled to close today, will be the biggest retail-securities transaction…
Advanced Equities emerges as big player in venture capital
One broker-dealer is turning financial advisers into a key source of funding for venture capitalists and their high-risk,…
