Industry News

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The practice of gratitude
NEWS INDUSTRY NEWS OCT 02, 2019
The practice of gratitude

When an adviser struggles to accept a compliment, it can be hurtful to the person who offered it.

By Joni Youngwirth
NEWS INDUSTRY NEWS OCT 02, 2019
Schwab risks blowing up the brokerage model it built

The online brokerage's move to eliminate commissions is just the latest round in an intensifying, industry-wide war over fees.

By Bloomberg
NEWS INDUSTRY NEWS OCT 02, 2019
Finra censures, fines UBS $2 million over muni improprieties

Regulator says firm inaccuarately represented tax status of interest payments to clients.

By InvestmentNews
NEWS INDUSTRY NEWS OCT 02, 2019
Boston advisory firm acquires $160 million hybrid

Both firms use LPL Financial as their broker-dealer.

By InvestmentNews
NEWS INDUSTRY NEWS OCT 02, 2019
Ex-LPL broker arrested, charged with running Ponzi scheme

James T. Booth defrauded 40 clients of $5 million, Feds allege.

By Bruce Kelly
ETrade follows Schwab, TD, and cuts commissions to zero
NEWS INDUSTRY NEWS OCT 02, 2019
ETrade follows Schwab, TD, and cuts commissions to zero

Its decision follows a day of hints on social media that such a move was imminent.

By Jeff Benjamin
NEWS REGULATION AND LEGISLATION OCT 02, 2019
Number of brokerages, reps registered with Finra falls again

Despite the declining number of participants, industry revenue and profit increase

By Mark Schoeff Jr.
NEWS INDUSTRY NEWS OCT 02, 2019
Zero commission fight could pressure wirehouse earnings

If they follow lead of Schwab and others, profits could get dinged, according to one analyst.

By Bruce Kelly
Schwab cuts online brokerage fees to zero
NEWS INDUSTRY NEWS OCT 01, 2019
Schwab cuts online brokerage fees to zero

U.S. stocks, ETFs and options will be free to trade on the platform starting next Monday.

By Jeff Benjamin
New way to invest in ETFs has backing of BlackRock and others
NEWS INDUSTRY NEWS OCT 01, 2019
New way to invest in ETFs has backing of BlackRock and others

By Bloomberg
Traders punish Schwab, TD, ETrade for move away from commissions
NEWS INDUSTRY NEWS OCT 01, 2019
Traders punish Schwab, TD, ETrade for move away from commissions

The market sees Schwab's announcement of commission-free trading as a direct hit to revenues.

By Jeff Benjamin
HSA fees drop, investment design shows improvement
NEWS RETIREMENT PLANNING OCT 01, 2019
HSA fees drop, investment design shows improvement

Fund menus are important as financial advisers recommend clients invest HSA assets for the long term

By Greg Iacurci
TD Ameritrade fires back at Schwab by cutting commissions to zero
NEWS INDUSTRY NEWS OCT 01, 2019
TD Ameritrade fires back at Schwab by cutting commissions to zero

After seeing its stock price drop 25%, TD charges headlong into the latest low-fee battle.

By Jeff Benjamin
Should you fire a middling employee?
NEWS INDUSTRY NEWS OCT 01, 2019
Should you fire a middling employee?

If you allow mediocrity to define your business, you aren't doing yourself, your firm, your team members or your clients any favors.

By Bloomberg
Schwab cuts online brokerage fees to zero
NEWS INDUSTRY NEWS OCT 01, 2019
Schwab cuts online brokerage fees to zero

U.S. stocks, ETFs and options will be free to trade on the platform starting next Monday.

By Jeff Benjamin
Traders punish Schwab, TD, ETrade for move away from commissions
NEWS INDUSTRY NEWS OCT 01, 2019
Traders punish Schwab, TD, ETrade for move away from commissions

The market sees Schwab's announcement of commission-free trading as a direct hit to revenues.

By Jeff Benjamin
NEWS INDUSTRY NEWS OCT 01, 2019
HSA fees drop, investment design shows improvement

Fund menusare important as financial advisers recommend clients invest HSA assets for the long term.

By Greg Iacurci
NEWS INDUSTRY NEWS OCT 01, 2019
Hybrid broker managing $130 million switches to LPL from Amerprise

Joshua Lambert took over his father's Ohio-based business after 15 years.

By InvestmentNews
NEWS INDUSTRY NEWS OCT 01, 2019
TD Ameritrade fires back at Schwab by cutting commissions to zero

After seeing its stock price drop 25%, TD charges headlong into the latest low-fee battle.

By Jeff Benjamin
NEWS INDUSTRY NEWS SEP 30, 2019
Wells Fargo's New York CEO fuels questions about its West Coast base

The bank's leadership team is decentralized, and it has more than five times as many Charlotte-based job openings on its website as San Francisco listings

By Bloomberg