Displaying 4548 results
Schwab ends custody of alternative investments
Concerned about liability related to hedge funds, Schwab is telling registered investment advisers that it will no longer accept custody of alternative assets.
Pershing RIA sales bigwig exits
Paul Wichman, the former national sales manager of Pershing Advisor Solutions LLC of Jersey City, N.J., left the firm this month.
Massachusetts revokes license of firm tied to Madoff
Massachusetts Secretary of the Commonwealth William F. Galvin filed a complaint today to revoke the securities registration of Cohmad Securities Corp.
Blankfein: Markets need global regulatory coordination
Fixing the global financial crisis will require more effective government regulation and greater cooperation among regulatory agencies around the world.
Survey: Wirehouses supply half of new RIA assets
A survey of 506 registered investment advisers finds half their new assets are coming from wirehouses and other broker-dealers.
Schwab RIAs doubled cash positions; hundreds laid off
Registered investment advisers who custody client assets with Charles Schwab have made a strong push into cash, the company’s chief executive, Walt Bettinger, said in a conference call with analysts today.
RIAs fretful about Finra grabbing regulatory oversight
The nomination of Financial Industry Regulatory Authority Inc. chief Mary Schapiro to head the Securities and Exchange Commission has intensified worries about whether Finra will take over the regulation of financial advisers.
Pershing escalates pitch for ‘breakaway brokers’
Pershing LLC, the securities clearing and RIA custody affiliate of The Bank of New York Mellon Corp., has set up a website and suite of tools for stockbrokers who are considering shifting from large broker-dealers to other business models.
Fidelity launches platform for RIAs
Fidelity Investments today announced the formal launch of its Fidelity WealthCentral management platform for registered investment advisers.
RIA Giant Profile: G. Moffett Cochran
The CEO of Silvercrest Asset Management talks about the firm and offers advice to young advisers.
Goldman rallies RIAs at subdued conference
Advisers undoubtedly are concerned about their clients in this time of financial crisis, said Charles Goldman, executive vice president of Schwab Institutional, but they probably aren’t doing enough about it.
S&P expected to grow this year, study says
Fifty-eight percent of RIAs expected the S&P 500 to gain ground, compared with 46% who felt that way in January.
Placemark and United create platform
Placemark Investments new United Capital relationship is its second significant deal in the RIA space.
RIAs are in buying mode, study says
In the past two years, 53% of registered investment advisers bought or considered buying another advisory firm.
Focus buys Wespac RIA
Focus Financial has acquired Wespac, an Oakland, Calif.-based RIA and benefits administrator.
NASAA seeks comments for proposed RIA rules
Clients would have to have a net worth of at least $1.5 million for investment advisers to charge them performance fees.
M&A for RIAs on the wane, study says
This year through April, just seven deals for RIAs were struck, in contrast to last year, when 58 deals were struck.
M&A for RIAs on the wane, study says
This year through April, just seven deals for RIAs were struck, in contrast to last year, when there were 58 deals.
Fidelity takes aim at dual registrants
Fidelity Investments is about to unveil a program intended for brokers who are also investment advisers.
M&A for registered investment advisers slowing
Firms with less than $500 million in assets under management have been most affected, said David DeVoe, senior director of mergers and acquisitions for Schwab Institutional in San Francisco.
