Guy LeBas, chief fixed income strategist for Janney Montgomery Scott LLC, reacts to the underwhelming jobs report for March. The U.S. added 120,000 jobs last month, well below the 205,000 gain in nonfarm payrolls that economists had forecasted in a survey conducted by Bloomberg ahead of the Labor Department's latest numbers on Friday.
John Bunch, the former retail head at TD Ameritrade, has been named CEO at Adam Bold's RIA, The Mutual Fund store, which targets households that have $50,000 to $500,000 in assets. This, Bunch says, is 'a market that is the most underserved' by the advice community.
Tom Bradley will take the helm of TD Ameritrade Holding Corp.'s retail unit, replacing John Bunch, who is leaving to head up an investment advisory firm. Tom Nally will replace Mr. Bradley as head of TD Ameritrade Institutional.
