News Roundup (677)
Banks on Shopping Binge for Financial Advisors
- Saturday, 28 February 2015
- News Roundup
- Written by PFA News
Banks are increasingly trying to offset dwindling income from low interest rates by boosting wealth management revenues, so they are showing strong interest in acquiring financial advisors. So reports Financial Planning.
Read more...Jim Cramer Rips Mutual Funds
- Sunday, 15 February 2015
- News Roundup
- Written by PFA News
Jim Cramer, who is well known as the host of financial television show Mad Money, says mutual funds are hosing investors. So reports MarketWatch.
Read more...Watchdog Lashes-Out at Senator Ron Johnson
- Sunday, 15 February 2015
- News Roundup
- Written by PFA News
The Committee for the Fiduciary Standard has sent a letter to republican Senator Ron Johnson of Wisconsin that argues he is misguided in his belief that a fiduciary standard for retirement plan advisors will hurt low-to middle-income Americans. So reports ThinkAdvisor.
Read more...Changes to Deferred Comp Plans Irk Morgan Stanley Advisors
- Sunday, 15 February 2015
- News Roundup
- Written by PFA News
A new compensation plan at Morgan Stanley will defer as much as 11% of brokers' pay for up to eight years and has prompted advisors to vent their criticism of the change on industry websites such as AdvisorHub. So reports Fox News.
Read more...FA Ranks Shrinking
- Sunday, 15 February 2015
- News Roundup
- Written by PFA News
The headcount of financial advisors dropped to 285,000 last year, a decline of 1.9% from 2013. So reports Reuters.
Read more...West LA Broker to Enter Advisory Biz
- Saturday, 07 February 2015
- News Roundup
- Written by PFA News
Broker and investment banker B. Riley Financial Inc. of West Los Angeles is entering the advisory business by acquiring New York-based MK Capital Advisors. So reports the Los Angeles Business Journal.
Read more...Proposed Tax Legislation Could Aid Startup Advisors
- Saturday, 07 February 2015
- News Roundup
- Written by PFA News
Recently introduced legislation in the U.S. House of Representatives could help advisors branch out on their own by allowing them to deduct up to $500,000 in expenditures for equipment, property, and computer software. So reports Wealth Management.
Read more...Fidelity to Buy eMoney to Round Out Advisor Offerings
- Saturday, 07 February 2015
- News Roundup
- Written by PFA News
Fidelity plans to buy wealth planning software company eMoney Advisor to supplement the services that it provides to advisors. So reports Financial Advisor.
Read more...ActFi Launches CRM Selection Service
- Saturday, 07 February 2015
- News Roundup
- Written by PFA News
For advisors, selecting the most appropriate customer relationship management systems can be a complex undertaking, so ActFi has rolled out a new service to simplify the process. So reports the Nerd’s Eye View blog by Michael Kitces.
Read more...Raymond James to Refund Fees
- Saturday, 07 February 2015
- News Roundup
- Written by PFA News
Raymond James has determined that certain group retirement plan and trust investors weren’t given mutual fund fee waivers, so it will reimburse certain clients for excess charges. So reports ThinkAdvisor.
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