Conglomerate acquires $7.5B in accounts from insurer; sale includes online banking platform
Cetera Financial Group informed financial advisers at two of its three brokerage units last Wednesday that it plans to bring custody of various IRA and savings accounts in-house at its third broker unit, PrimeVest Financial Services Inc.
In a move that's likely to hurt trainees and reps in less-affluent towns, Merrill Lynch has upped account minimums to $250,000. The old threshold? $100,000. | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20120105&Category=FREE&ArtNo=105009999&Ref=PH>Which brokerage is tops with Consumer Reports? &raquo;</a>
Deal with Actifi should help custodial unit speed up adviser work processes and improve efficiency
Portfolio diversification can improve and smooth out performance across investment environments and, given ongoing policy disarray and the likelihood of recession in both the US and Europe, it's a concept worth revisiting.
If Dale Brown were a movie producer instead of a lobbyist for independent broker-dealers, he might be preparing a sequel.
Firings down, manufacturing up; economy gaining momentum going into 2012
Schapiro hints at allowing advisers to charge commissions, push proprietary products; 'business-model neutral'
Bachus bill put on the back burner; still gathering responses from industry
U.S. home prices have finally stabilized, says UBS' Harris; no double-dip expected
Tax proposals from the Republican presidential candidates favor one group
Stock takes a header while rest of the market surges; bad loans a millstone
TD Ameritrade Institutional has attracted a record number of breakaway brokers to its custody platform during the fiscal year ended in September
Are stocks cheap or pricey? History would seem to indicate the S&P 500 is undervalued -- and might well hit 1,800 this year. Some money managers don't see it that way, however.
