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JP Morgan Chase goes Hollywood
JP Morgan Chase & Co. said it has launched JPMorgan Entertainment Advisors to provide financial and strategic advice, services and products to clients in the entertainment and media businesses.
Some cheeseheads love HSAs
Health savings accounts are more than four times more popular with employers in a swath of Wisconsin than in the United States as a whole
North Dakota blazes a regulatory trail
NEW YORK — North Dakota last week became the first state to adopt a more stringent statute regulating life settlements, with special emphasis on stranger-originated life insurance.
Director jumps from UBS to JP Morgan
JP Morgan Chase & Co. has tapped Joe Jiampietro, a former UBS AG managing director in the financial institutions and governments team, making him the latest to leave the Zurich-based bank.
Instinet opens BrokerShare to non B-Ds
Instinet Group Inc., a global agency broker, has announced the expansion of its BrokerShare commission sharing arrangement program to include non broker-dealers.
Insurance Co. yields $25M to WisdomTree
WisdomTree Investments Inc. of New York announced today that Independence Blue Cross of Philadelphia, through its subsidiary QCC Insurance Co., has allocated $25 million to WisdomTree’s High Yielding Equity Index.
Morgan’s Roach to head Asia operations
Morgan Stanley chief economist Stephen Roach, who has predicted that China will surpass the U.S. as the world's leading economy, was tapped to become the firm’s chairman of Asia operations.
BofA to buy Chicago’s LaSalle Bank
Barclays PLC today announced it would sell Chicago-based LaSalle Bank Corp., a unit of ABN Amro Holding NV, to Bank of America Corp. for more than $21 billion.
Bear Stearns to swell Europe, Asia staff
Bear Stearns is planning a large-scale expansion in Europe and Asia, reported the Financial Times.
FPA hopes to leverage court ruling
The Financial Planning Association is hoping that the U.S. Court of Appeals ruling overturning the broker-dealer exemption rule will jump-start the trade group’s initiative to reach out to large financial services firms.
To go with new digs, a new leader for CFP Board
NEW YORK — The Certified Financial Planner Board of Standards Inc. has found itself a new leader and is heading in a new direction — East.
Gross revenue for top 25 indie firms crosses $10B mark
For the second consecutive year, the largest 25 independent-contractor broker-dealers saw top-line growth slow, even though it still was up by double digits.
Hey there, insurance agent: We can make you an RIA
A new firm is assisting insurance agents in becoming registered investment advisers so the agents can obtain fee income from advice and securities products.
Schwab’s donor-advised-fund assets closing in on Vanguard’s
BOSTON — The Schwab Charitable Fund is nipping at the heels of the Vanguard Charitable Endowment Program as the nation’s second-largest donor-advised fund.
Smith Barney reps ecstatic over cost cuts
IRVINE, Calif. — Smith Barney reps are supportive of the cost-cutting plan New York-based Citigroup Inc. announced April 11.
T. Rowe gets into 401(k) annuities
The mutual fund giant said that it has started offering 401(k) plans an online platform that participants can use to purchase annuities.
For advisers, failing to plan is planning to fail
WASHINGTON — Financial advice professionals who routinely log 60-hour workweeks may be spinning their wheels, a new report suggests.
Schwab reduces, scraps minimums
Charles Schwab Corp. has reduced account opening minimums for all of its main brokerage and retirement accounts and eliminated minimums for many others, the firm announced today.
Pacific Life executive jumps ship
Another top executive has walked away from the Pacific Select Group LLC, the soon-to-be-dismantled broker-dealer network of Pacific Life Insurance Co. of Newport Beach, Calif.
Ryan withdraws from Treasury nomination
JPMorgan Chase & Co. chief executive T. Timothy Ryan has withdrawn himself from consideration to be the Department of the Treasury's top international policy adviser, according to published reports.
