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<b>The Takeaway</b>: Keep an eye on that sales assistant!
Portfolio US economy adds 162,000 jobs in July. Here are some reactions from economists: (…
<b>The Takeaway</b>: S&P 500 breaks all-time high; time to start using margin
Portfolio The S&P 500 broke 1700 this morning for the first time ever. (The…
<b>The Takeaway</b>: The best (and worst) ETFs in every sector
Portfolio No change in Fed policy, in case you’re working out of a cave today. Wait, but then…
Janney lands Merrill team with more than $900 million
Group from Connecticut has $3.7 million annual production.
Interest rate spike boosts fortunes of broker-dealers
Citi analyst upgrades Schwab to buy, boosts price targets for LPL, TD Ameritrade.
BofA chief Moynihan cracking the whip
CEO said to summon managers for revenue push, cross selling progress.
All-star first baseman’s next position could be at Morgan Stanley
Diamondback's Goldschmidt has open invite to intern at the firm; tremendous work ethic
Morgan Stanley margin inches toward 20%
Second quarter revenues, net income climb; adviser head count stabilizes.
Wells advisory biz reports record profits — but it’s mostly cost cutting
Wells Fargo's advisory business enjoys record profits, despite revenue jumping by a mere 2%, thanks to cost cutting that led to doing more with less.
Wells Fargo, Merrill to pay $5.1 million to settle charges over bank loan funds
Finra has ordered Wells Fargo and Merrill Lynch to pay $5.1 million to settle charges related to sales of bank loan mutual funds -- just as investors are stampeding into such funds.
Finding fees: UBS charging for financial plans
Bank's raised $3M in revenue so far this year off levy
Training on the back burner
Industry growth requires a renewed commitment to investing in the next generation
Finra gets OK to share more info about reps’ disciplinary records
Finra has gotten the go-ahead to issue a monthly letter divulging complaints against reps. Not surprisingly, this doesn't sit well with some brokers.
<b>The Takeaway:</b> Why the race is on to scale up your practice
Portfolio The July Mutual Fund Observer is out – why it’s impossible to categorize long/short funds. (…
Merrill trying to make managed-account platform adviser- and client-friendly
Consolidating five platforms into one; rollout expected in September.
Satisfaction with advisers climbing; RBC, Fidelity lead the pack, J.D. Power says
Investors' approval of their advisers continues to increase after dropping sharply in the aftermath of the credit crisis. Liz Skinner tells why.
Five years after crisis, advisers can sleep at night, but clients still nervous
Since the dark days five years ago when Lehman failed and Merrill sold its brokers to Bank of America, advisers and financial markets have recovered but clients remain scarred and nervous, worried about a repeat. What are the chances?
<b>The Takeaway:</b> Panicked ETF sellers nailed with sharp NAV discounts
Portfolio The Fed just blinked. That didn’t take long. (The Reformed Broker) Atlanta Fed…
Perfect timing as Morgan Stanley to complete Smith Barney deal for $4.7B
Morgan Stanley gets regulatory OK to wrap up the deal for Smith Barney as early as next week. Is CEO James Gorman smart or lucky?
Twice shy? Nope, Gorman ups his margin target for Morgan Stanley brokerage
James Gorman's latest prediction about the profit margins at Morgan Stanley's brokerage speaks volumes about just how far the wirehouse has come in a few years.
