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Reborn NAVA will focus on advisers and consumers
In a dramatic re-branding, NAVA Inc., the trade group of variable annuity providers, last week changed its name to the Insured Retirement Institute and its focus to serving “the insured-retirement-strategies industry and consumers who rely on those guarantees.”
Charles Schwab shares lowered to’hold’ from ‘buy’ by Citigroup analysts
Analysts at Citigroup lowered their recommendation on shares of Charles Schwab Corp. to “hold” from “buy” in anticipation of more tough news from the firm about its short-term earnings prospects.
Exchange traded products for commodities take hit
The reputation of exchange traded products that give investors access to commodities took a hit this month when one of the largest exchange traded commodities pools — the $3.61 billion U.S. Natural Gas Fund LP (UNG) — was forced to stop issuing new shares.
SEEKING NEW BUSINESS
When Ben Marks set up shop as an independent registered investment adviser in November, he wasn't ready to give up the commissions that helped support him for more than a quarter century at large brokerage firms.
Finra’s ETF notice angers ICI, firms
The Investment Company Institute and ETF firms are taking on the Financial Industry Regulatory Authority Inc., following the…
iShares expected to move into actively managed ETFs
A new iShares that is more heavily involved in actively managed exchange traded funds will likely emerge as the company changes hands, though some say it might be late to the party.
E*Trade introduces online portfolio tool
E*Trade Securities LLC has introduced a tool on its website to give self-directed investors investment guidance and offer a recommended asset allocation. The tool, called Online Advisor, is free.
PAN-ning for philanthropists’ gold
Financial advisers across the country are creating networking organizations dubbed philanthropic advisers networks, or PANs, with the mission of helping advisers collaborate locally and also interact with philanthropists.
E*Trade Financial ratings cut by Standard & Poor’s
Credit ratings agency Standard & Poor's today cut its ratings on retail brokerage firm E*Trade Financial Corp.
E-Trade unveils personal finance planning tool on website
E-Trade Financial Corp. of New York has launched a new online feature on its website to help customers conduct personal finance planning, tax, retirement and trading activities.
Critics question whether endowment model should be used by individual investors
Some industry observers are questioning whether an endowment model of investing — as popularized by the Yale University endowment fund — should be used for individual investors.
ETF giant iShares is going after 401(k) market
Led by the iShares exchange traded fund group, exchange traded funds are poised to break the stranglehold that mutual funds have on 401(k) retirement plans.
Wall Street’s world turned upside down
The day of reckoning has come for the financial services industry.
E-Trade Financial loss widens, shares fall
Online brokerage E-Trade Financial Corp. said today its first-quarter loss grew sharply as it nearly doubled its provision for loan losses from the previous year.
E-Trade CEO receives $16.5M in compensation
E-Trade Financial Corp.'s chief executive, Donald Layton, received a compensation package valued at $16.5 million, according to an Associated Press analysis of figures reported Monday in a regulatory filing.
Schwab hit by slowing adviser assets
The Charles Schwab Corp. reported better-than-expected first-quarter earnings last week, but buried in the numbers were signs that the headlong growth of the independent-adviser community may be waning, according to some analysts.
Fidelity eyes fees for its adviser referral program
Fidelity Investments may lift the free ride it has been giving to registered investment advisers who participate in its client referral program.
ETF providers hope funds will be used to absorb toxic assets
Some providers of exchange traded funds hold out hope that the government will still turn to ETFs to purchase toxic assets — illiquid real estate loans and securities backed by loan portfolios — from banks.
Schwab’s alternatives decision mobilizes State Street, Broadcort
Units of State Street Corp. and Bank of America Corp.'s Broadcort clearing division are working to capture alternative assets from registered investment advisers who are being forced to remove them from The Charles Schwab Corp.'s custody platform.
Bush to address RIAs
What is George W. Bush's view of the Obama administration and where the country is headed?
