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LPL cuts profit forecast to cover higher-than-expected regulatory costs

Oct 21, 2014

LPL Financial cuts 11 cents a share from its third-quarter earnings forecast after projecting it will need another $18 million to satisfy regulatory concerns.

Borzi taking a back seat on fiduciary

Oct 21, 2014

DOL conflicts-rule champion Phyllis Borzi steps back while secretary meets with industry

Housing recovery on horizon, but too late for many baby boomers starting retirement

Oct 21, 2014

Median price of existing home sale up more than 5% in September but sales down from a year ago.

$2.5 billion adviser duo fired by Merrill Lynch lands at Stifel

Oct 21, 2014

A team of elite advisers who was fired last month by Bank of America Merrill Lynch over private securities transactions has found a new home. (Plus: The team

Charitable giving gets a boost from wealthy donors

Oct 21, 2014

A new study from U.S. Trust reveals that a record 98.4% of wealthy households donated to charity last year.

Former Pimco parent Pacific Life moves accounts to Janus

Oct 21, 2014

Pacific Life Insurance Co., the insurer where Pimco was started as a bond unit in 1971, is moving money from Bill Gross's old firm to Janus Capital Group, which the bond legend joined last month.

Goldman Sachs explores liquid alternatives in the ETF world

Oct 21, 2014

Can Goldman Sachs put ETF investors on a liquid diet?

Pimco, challenging Jack Bogle, defends active bond management

Oct 20, 2014

Facing outflows amid increasing trend toward passive management, firm says some fixed income managers can meaningfully add to returns

Morgan hires longtime Merrill broker

Oct 20, 2014

Thomas Forma previously managed more than $300 million along with his partner Kevin Nichols.

Merrill snags $500 million team from UBS

Oct 20, 2014

Trio brought in $5 million in annual revenue at UBS and will join Merrill's elite private banking group. See also: Merrill loses longtime broker to Morgan Stanley)

Financial planning clients not getting what they pay for: study

Oct 20, 2014

Financial planning clients not getting what they pay for because of a lack of government-enforced professional standards, according to the study sponsor, the Financial Planning Coalition

Custodians jump into the robo game

Oct 20, 2014

New tech offerings designed to help advisers compete against online investment managers.

Options market action suggests investor fear has peaked

Oct 18, 2014

Bulls looking for signs that Friday's rally in stocks is the start of something bigger are taking signals from options and S&P 500 Index charts. And it's looking good.

Former Stratton Oakmont broker charged with fraud

Oct 17, 2014

SEC says Anthony Coronati used phony tech investments to fund a Caribbean vacation and plastic surgery.

The regulatory hits keep coming for LPL Financial

Oct 17, 2014

The rest of this week's must-read stories include Betterment's robo-adviser for humans, big changes afoot in Social Security, and a focus on picking the right alternatives for clients

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