February 3, 2012

Women and investing: The $15 trillion opportunity

• 3 - Topics,
• TD Ameritrade Institutional,
• wealth management

January 29, 2012

CEO sees more cuts at BofA, including wealth management

By Bloomberg News

Bank of America Corp., the second-biggest U.S. lender by assets, may reduce annual costs by as much as an additional $3 billion in the next stage of chief executive Brian T. Moynihan's efficiency plan. The lender, which already has targeted $5 billion in expense cuts from...

• banking,
• ING Group,
• wealth management

January 22, 2012

Third-quarter weak for wealth division at Wells Fargo

By Andrew Osterland

Wells Fargo & Co. last week reported weak fourth-quarter results for its wealth management division, reflecting the impact of volatile investment markets and reduced customer activity in the firm's giant brokerage business. Overall, the bank reported revenue of $3.1 billion for the ...

• earnings,
• ING Group,
• wealth management

January 20, 2012

Maryland, California governors seek boost in taxes on wealthy

By Liz Skinner

States join federal government in looking to affluent to help trim budget shortfalls

• tax,
• wealth management

January 19, 2012

Most advisers overstating their expertise: Cerulli study

By Jeff Benjamin

A survey of more than 1,500 financial intermediaries over the past year found "pattern of misrepresentation"

• client servicing,
• studies/surveys/statistics,
• wealth management

January 13, 2012

Experts not queueing up for Suze Orman's new debit card

By Liz Skinner

Suze Orman's new prepaid debit card will come with fees of at least $36 a year

• banking,
• wealth management

January 10, 2012

Americans welcome back leverage when credit is cheap enough

By Liz Skinner

Americans are back in the borrowing mood, and even the wealthy are getting in on it when the credit is cheap enough, according to advisers.

• bonds / fixed income,
• wealth management

January 8, 2012

LPL to buy specialized wealth manager Fortigent

By Bruce Kelly

LPL Financial LLC is making a big push into the marketplace for rich clients, saying last week that it will acquire Fortigent LLC, a wealth management firm that provides specialized services such as investments, proposal generation and technology for financial advisers and their multimillionaire clients.

• wealth management

January 5, 2012

Consumer Reports: Should brokerage clients be as content as they are?

By Liz Skinner

Morgan Stanley, WellsTrade and Merrill Edge trail in Consumer Reports ranking of brokerages.

• brokerage,
• retirement planning,
• wealth management

January 5, 2012

Wealthy to invest more in commodities, cut cash: Survey

Wealthy investors will shift more money into commodities, real estate and direct investments in private companies, a survey has found.

• commodities,
• real estate,
• studies/surveys/statistics,
• wealth management