News Roundup (677)
Robo-Advisor Pursuing Retirees as Clients
- Friday, 07 November 2014
- News Roundup
- Written by PFA News
Unlike most robo-advisors who cater to younger investors, SigFig is focusing on retired Baby Boomers who need to generate income rather than accumulate wealth. So reports the San Francisco Business Times.
Read more...Millennials Innovate to Gain Traction As Independent Advisors
- Friday, 07 November 2014
- News Roundup
- Written by PFA News
Millennials who have become dissatisfied as junior planners at established firms are implementing novel approaches to starting their own businesses. So reports Investors.com.
Read more...Pershing to Expand Fund Offering on FundVest
- Sunday, 02 November 2014
- News Roundup
- Written by PFA News
Pershing will add 435 institutional and lower-cost advisor funds to its non-transaction fee platform called FundVest. So reports ThinkAdvisor.
Read more...Many Self-Directed Investors Don’t Trust Advisors
- Sunday, 02 November 2014
- News Roundup
- Written by PFA News
Among investors with net worth between $100,000 and $1 million who do not use investment professionals, 36% say they believe advisors won’t look out for their best interests, according to a Spectrem’s Millionaire Corner survey. So reports Millionaire Corner.
Read more...TD Ameritrade Achieves Record Profits and Pays Bonuses Companywide
- Sunday, 02 November 2014
- News Roundup
- Written by PFA News
TD Ameritrade has reached a new record for asset gathering and annual profits, so it will pay firm-wide bonuses. So reports Omaha.com.
Read more...Robo-Advisor Personal Capital Captures $50M in Funding
- Sunday, 02 November 2014
- News Roundup
- Written by PFA News
Robo-advisor Personal Capital has raised $50 million in private equity funding to support its growth. So reports Financial Advisor.
Read more...Competitors Seek to Poach Clients Following Suicide of CEO
- Sunday, 02 November 2014
- News Roundup
- Written by PFA News
Competitors of Convergent Wealth Advisors are seeking to poach the firm’s clients following the suicide of David Zier, the company’s chief executive officer. So reports FinancialPlanning.
Read more...UBS Advisors Grow Assets By 11% During Q3
- Sunday, 02 November 2014
- News Roundup
- Written by PFA News
The average account size of advisors employed by UBS for more than a year grew by 11% year-over-year during the third quarter. So reports Dow Jones Business News.
Read more...Raymond James to Provide Commission-Free ETFs
- Saturday, 25 October 2014
- News Roundup
- Written by PFA News
Raymond James Financial plans to offer financial advisors commission-free trading of exchange-traded funds in a move that will make it more competitive with firms that already do so, including Charles Schwab and TD Ameritrade. So reports Reuters.
Read more...Apple Financial Advisor Admits to Bilking Clients out of Millions
- Saturday, 25 October 2014
- News Roundup
- Written by PFA News
Ismail Elmas, formerly of Apple Financial Services of Fairfax, Va., has pleaded guilty to wire fraud and has admitted to scamming at least 10 investors out of $1 million to $7 million in assets. So reports the Washington Post.
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