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Congress likely to punt on estate tax until fall – or later
As Congress heads toward its summer recess, it looks unlikely that legislators will make progress any time soon on the estate tax. That leaves financial planners and their clients in the lurch.
How to seal the deal
When courting potential clients, advisers typically trumpet their services —as they should. But advisers need to go beyond the standard tick box of offerings.
HighTower adds adviser recruiters from Fidelity, UBS
HighTower Advisors LLC, a dually-registered firm that has been successful in luring talent from wirehouses, today announced that it is furthering its expansion efforts by hiring two recruiters who will focus on the Midwest and Western regions of the country.
HighTower chief blasts lift-out lawsuit from Morgan Stanley
Elliot Weissbluth calls suit an intimidation tactic designed to deter other advisers from leaving
MSSB team in N.Y. jumps ship to join surging HighTower
HighTower Advisors LLC last Tuesday announced that it had snapped up another team of advisers, this time from Morgan Stanley Smith Barney LLC.
Advisers patronizing, dismissive of women clients: Survey
Women control about 27% of the world's wealth — roughly $20 trillion — but many feel that their advisers patronize them. What's more, many contend that they don't get the same “square deal” as men.
Ex-Wells Fargo broker opens indie shop in his branch’s shadow
Jeffrey Sica spent more than four years plotting his move from Wells Fargo Advisors LLC to independence but stumbled a day before he planned to give notice.
TD Ameritrade recruiting breakaway brokers at a rapid clip
TD Ameritrade Institutional reported today that it has attracted more breakaway advisers to the firm during the first nine months of its current fiscal year than it did in all of fiscal 2009.
RIAs increasing payouts, employee benefits: TD survey
Registered investment advisers are starting to increase compensation levels at their firms — and are also spending more on employee benefits — according to a survey from TD Ameritrade Institutional.
Two popular adviser applications now integrated with PreciseFP
The creators of PreciseFP, a slick-looking online client questionnaire for use by financial advisers, today announced integrations with…
Envestnet files for $100M IPO
Envestnet, a Chicago company that provides Web-based services for financial advisers, filed for an initial public offering of stock worth up to $100 million Friday.
Two traders arrested over alleged $1.3 billion scam
The FBI said Wednesday the operators of a Connecticut-based company have been arrested in New York on securities fraud charges.
CRM Software updates Junxure and ClientView Live
CRM Software Inc. has released significant updates to both its popular CRM system and its separate ClientView Live secure web portal.
Kasina’s ‘What Advisors Do Online 2010’ a bit different from last year but still interesting
In its 2010 installment of “What Advisors Do Online,” research firm kasina LLC reports that “the number of…
Rockefeller & Co. comes up with new name, but no new CEO
Rockefeller & Co., Inc., the wealth management firm that has been looking for a chief executive since the suicide of CEO James McDonald last fall, has changed its name to Rockefeller Financial.
Tech firms may be reform law’s beneficiary
With their day-to-day business practices likely to change as a result of the new financial-reform law, broker-dealers are scrambling to assess their technology preparedness.
Merrill Lynch adviser, seduced by Burgundy, concocts Grand Cru
Ray Walker was happily employed as a financial adviser at Merrill Lynch & Co. in San Francisco until a gulp of wine coerced him into leaving for France to buy $140,000 worth of grapes with a dream to rival powerhouse Burgundy domaines such as Romanee-Conti and Corton-Andre.
Big recruiting deals in AdviserLand: What’s going on?
Monday’s Wall Street Journal had an article about B of A/Merrill Lynch increasing their deals for recruits at…
Retirement planning calls for straight talk
Advisers should also monitor clients' savings for changes in wealth and investment performance
Edward Jones advisers to get Broadridge performance reporting
Edward Jones is rolling out the Aspire Performance Reporting service from Broadridge Financial Solutions Inc. today. “That’s…
