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.
Firings down, manufacturing up; economy gaining momentum going into 2012
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.
Buyer of Securities America offers carrot to the unit's brokers to entice them to stick; 'most of the advisers will stay put'
In its quarterly report yesterday, LPL revealed news that definitely makes a splash: It's paying $27 million for the assets of National Retirement Partners Inc. The broker-dealer announced the acquisition last month.
National Retirement Partners Inc. was ordered to pay a $2 million arbitration award to two former financial advisers who were let go by the firm after it bought their practice.
LPL Investment Holdings Inc. is acquiring National Retirement Partners, a San Juan Capistrano, Calif.-based broker-dealer that specializes in retirement plans
He used to be known as the charming, affable “Uncle Stan” of Brookstreet Securities Inc., the independent broker-dealer he built. Now, he's facing charges of securities fraud.
The Securities and Exchange Commission today charged 10 brokers who worked for the former Brookstreet Securities Corp. of Irvine, Calif., with fraud.
Charles Schwab & Co. Inc. is likely to lose this week when a California federal judge hears a motion appealing a ruling in a class action that, if left standing, would give mutual fund investors a new line of attack against underperforming funds, fund industry attorneys said.
The collapse of Brookstreet Securities Corp. last month is likely to spawn dozens of arbitration claims from investors facing losses that, in some cases, run into the millions, according to one plaintiff’s attorney familiar with the matter.
