The best way to begin enumerating the services you should deliver to your best clients is by asking them what they want.
Jim Nagengast was named president of Securities America Inc., the broker-dealer unit of Securities America Financial Corp.
There’s some movement in the data consolidation and reconciliation industry that advisers should keep an eye on.
The exchange posted a 21% increase in the second quarter but came in markedly below expectations.
In another sign of a floundering economy, the unemployment rate vaulted to 5.7% in July.
The state of New York will bring legal action against Citigroup, accusing the bank of fraudulently selling auction rate securities and destroying documents that had been subpoenaed by the state.
The bank has outstanding liabilities of $100 million to $500 million and fewer than 50 creditors, according to the filing.
In the past two years, 53% of registered investment advisers bought or considered buying another advisory firm.
Deutsche Bank’s second-quarter net income fell 36% to $1 billion from $2.8 billion a year earlier.
The state charged Merrill Lynch with fraud related to auction rate securities and settled a similar claim with UBS.
