FA News

Cetera Financial To Rename Holdings

by

Cetera Financial Group plans to rename its four holdings--a move that is designed to unify the broker-dealer's brand.

HighTower Adds Financial Advisor Teams From Merrill Lynch

by

Chicago-based HighTower has continued its march around the country bringing more advisors into its group with the latest being two teams from Las Vegas with assets under management of $800...

New Retirement Plan Fee Reporting A Value-Add Opportunity For Advisors

by

The new retirement plan fee reporting requirements can be a way for advisors to demonstrate their value to their clients, says a 401(k) expert.

Bernanke Won't Rule Out Further Asset Purchases

Fed chairman said additional asset purchases are an option as policy makers consider further steps to bring down the unemployment rate.

Distressed Home Prices Jump With Inventory Shrinking

Demand for distressed properties is driving up prices for the first time in two years as investors from Blackstone Group LP to Colony Capital LLC chase shrinking inventory.

American Gasoline A Bargain As Drivers Pay 63% Less Than Norway

For all the complaints about U.S. gasoline prices, Americans in July spent 63 percent less than Norwegians did on a gallon of the fuel.

Buffett's Wells Fargo Bet Helps Him Best The S&P 500

Home lender Wells Fargo, which has made up about 17 percent of Berkshire Hathaway's U.S. equity investments this year, has rallied 24 percent since Dec. 31.

Bankers Ponder Future As Industry Gets Overhaul

In the Dodd-Frank era, the banking industry is suffering restrictions on risk and trading, as well as lower revenue, and some observers say jobs will not return to the space.

SEC Proposal Could Lead To Hedge Fund Advertising

by

Hedge funds would be able to more openly pursue investors under a proposed agency rule.

Carlyle Insiders Pledge $700 Million To Show Faith In New Fund

Carlyle Group LP, the world's second-biggest private-equity firm, said executives pledged more than $700 million of their own money to its latest buyout fund, boosting efforts to reach a $10...

Romney's Dodd-Frank Kill Pledge Collides With Wall Street Agenda

Mitt Romney has pledged to repeal the Dodd-Frank Act. He won't, and that's just fine with Wall Street.

Treasuries Snap Loss As Gross Says Bernanke To Implement QE3

Treasuries snapped a loss from yesterday after Pacific Investment Management Co.'s Bill Gross said the Federal Reserve will add to monetary stimulus even if Chairman Ben S...

Two Men Convicted Of Attempted $1 Billion Fraud

by

A federal court finds two men, including an investment advisor, guilty of promoting a fraudulent high-yield investment scheme.

CFP Board Permanently Bars 8 Advisors

by

The Certified Financial Planner (CFP) Board of Standards has disciplined 19 advisors, and permanently barred eight from using the CFP mark.

Schwab Gives Update On Trading Technology

by Joel Bruckenstein

During a recent Schwab Tech Talk webinar, Kevin Kraus, director of trading technology for Schwab Advisor Services, provided an update on the company's efforts to update their advisor trading...

Raymond James Upgrades Advisor Software Tools

by

Raymond James advisors now have new software that makes it easier for them to develop in-depth financial plans for clients.

Parents Struggling To Cover College Costs, Survey Says

by

More and more American households are struggling to help pay for their children's college education costs, according to a recently released study.

Independent Financial Partners Adds 45 Advisors

by

Independent Financial Partners added 45 new financial advisors to its RIA business in the 2nd quarter and grew revenue by 53% from a year earlier.

Gross Dethroned As Pimco Bond King

Bill Gross is the biggest and best-known bond picker at Pacific Investment Management Co. He isn't the top performer.

Morgan Stanley Smith Barney Stake Sale Delayed Amid Disagreement

Morgan Stanley and Citigroup Inc. agreed to delay setting a valuation for their brokerage joint- venture as they wrangle over the sale of a 14 percent stake.