As any stockbroker knows, it isn't just online and institutional brokers that offer discounts.
Royal Bank of Canada today said that it will buy, for an undisclosed sum, JPMorgan Chase & Co.'s servicing business for third-party registered investment advisers.
Moneta Group, a large financial planning and retirement benefits firm, has hired a team of A.G. Edwards Inc. veterans who last year produced around $1.3 million in revenue and managed about $300 million of client assets.
The Charles Schwab Corp.'s October survey of active traders showed a marked increase in bullish sentiment from three months earlier, the discount brokerage firm said today.
Broker-dealers that hold client assets for registered investment advisers are pointing their marketing and technology arrows at practice management.
Strategic Point Investment Advisors LLC, a wealth management firm that was one of the original affiliates of Focus Financial Partners, has sued the company to get access to its financial data.
CEO said he's leaving as a result of strategic differences with the parent company
In another acknowledgment of the rapid rise of independent investment advisers, Putnam Investments is creating a distribution channel dedicated solely to selling its products to them.
The Charles Schwab Corp. ended its annual conference for independent advisers last week with a flourish and a confession.
U.S. Treasury Secretary Tim Geithner said he expects the “vast number of banks” that borrowed money from the government during the financial crisis to repay the debt fairly soon, and expressed confidence that the economy is slowly reviving.
