Another troubled broker-dealer is closing, but with a twist: The firm is telling its advisers to move en masse to another firm.
After avoiding the pitfalls of disastrous Regulation D deals during the past decade, Commonwealth Financial Network and LPL Financial LLC are contending with potential fallout from a real estate private placement that faces pressure from its creditors.
WFP Secruties is the latest broker-dealer to fold under the weight of private-placement litigation. In this case, the San Diego-based firm is facing $14M in legal claims.
Despite need to raise federal tax revenues, bank believes lawmakers will spare municipal debt
Taking advantage of loan guarantee program intended to help low-income families buy homes; debate now in Congress
Rate on average 30-year fixed loan falls to 4.12%; 'homebuyers are not responding'
Competing priorities and procrastination put life insurance on the back burner; substantial selling opp for advisers
While the latest <a href=http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&djoPage=summary&djoProjStr=24034|24039&issuedate=20110831&sid=RIA>RIA ranking</a> from <i>InvestmentNews</i> shows little change in the top ten, several new firms cracked the list for the first time -- while some notable names fell down the table. | <a href=http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&djoPage=summary&djoProjStr=24036|24039&issuedate=20110831&sid=RIA>The up-and-comers</a> | <a href=http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&djoPage=summary&djoProjStr=24029|24039&issuedate=20110831&sid=RIA>Fastest growing firms</a>
Nobel-prize winning economist Joseph Stiglitz said the chances of the U.S. economy going back into recession are “very high,” as unemployment and austerity talk point to a double dip.
Although the debt ceiling bill passed, the national-debt iceberg continues to grow in size, threatening to sink the U.S economy
Effective date on reg is bumped back to April 1
A federal circuit court yesterday decided that retirement-plan participants can sue third-party insurers under the Employee Retirement Income Security Act of 1974.
Real estate trusts throwing off 4.5% return; no ceiling in sight for apartments as homeownership dwindles
Proposed reform mixes in wins for both blues (Democrats) and reds (Republicans); accountants, advisers may boo, however
Surprise! Increasing number of employees changing jobs due to opportunity, not necessity
Owners seek a quick sale -- and pray a bidding war breaks out; $65M house, $22M minimum bid
Sentiment now at lowest level in more than a year; recession chief worry
Yesterday, we pointed out that there were some <a href=http://www.investmentnews.com/article/20110824/BLOG03/110829972>19,400,000</a> results that come up in a Google search for the term "wealth manager."
The head of Schwab Advisor Services apologized yesterday to the firm's RIA clients for sending a marketing piece sent Aug. 9 to advisers' clients who sponsor Schwab-run retirement plans.
