Topic:
Wealth Management / RIAs
Latest Headlines
Latest Headlines
Fidelity's massive Facebook woes
Reuters notes that Fidelity, the mutual fund and retail brokerage powerhouse, is working with "thousands" of customers to resolve issues related to the botched Facebook IPO.
What's behind the Barclays move to divest BlackRock?
Barclay's announcement that it will sell its entire stake in asset management powerhouse BlackRock, which is worth more than $6 billion, was huge news.
Costs of doing right by Madoff victims soar
Bernard Madoff has long since been banished to prison, where he is increasingly less newsworthy.
Trainee lies about exam, gets barred from industry
Forbes offers an interesting article about a trainee at Bank of America Merrill Lynch who failed his Series 7 exam -- and that was just the beginning of a sad, humiliating saga that did not end well for employee or employer.
Wither the wirehouses?
Wall Street firms have not given up on their stock brokerage business. In fact, they are investing in hopes of attracting more high net worth customers.
Morgan Stanley may have upper hand in brokerage talks
It's no secret that Morgan Stanley wants to buy the rest of Morgan Stanley Smith Barney, the joint venture it owns with Citigroup.
Facing revenue drought, banks cater to affluent
The revenue drought that the top consumer banks are suffering has given rise to a lot of angst about the future of consumer banking. The bottom line is the bottom line: Banks have got to get their revenue engines cranking again to power earnings, even as they hold the line on costs.
Sophisticated retail platforms vex more advisors
If you talk to investment advisors, they would readily acknowledge that some of their clients probably have some money tucked away in a self-directed account.
Arbitration inevitable for Morgan Stanley Smith Barney
We had previously suggested that the future of Morgan Stanley Smith Barney would be determined by whether Morgan Stanley would execute its option to purchase the rest of the brokerage joint venture from Citigroup.
Confessions of a stockbroker
There are still tens of thousands of traditional stockbrokers plying their trade, though the industry has undertaken a conscious effort of the past several years to recast the position.
