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.
RIA client assets that changed hands through acquisitions soared in the first half of the year but valuations of the firms are still below the 2008 peak, according to Schwab Advisor Services.
