Advisor Business
MoneyBlock, An Online Independent BD Focused on Reps And RIAs Utilizing Options Strategies, Launches Proprietary Client Management Platform
Tuesday, May 14, 2013 17:17

MoneyBlock, an online broker-dealer serving independent reps and advisors, today introduced a proprietary platform that offers advisors and clients access to comprehensive online account management tools, real-time portfolio data, and easy order entry.

 

This Website Is For Financial Professionals Only


"Headquartered in Chicago’s Financial District, we’re dedicated to servicing Registered Representatives, Investment Advisors, and Independent RIAs, especially those that trade options, and their clients," says MoneyBlock's website. "Our web-based platform was specifically designed to support the unique needs of investment professionals utilizing the same technology that powers our TradingBlock retail model."

 

Customer accounts are cleared and carried by Apex Clearing Corporation, according to a press release..

 

 

 

 

 

Read more...
 
Does The Revelation Of Fees Paid To Advisors From Schwab And Fidelity Taint The Perception That RIAs, As Fiduciaries, Are Above Conflicts?
Tuesday, May 14, 2013 17:01

Tags: compliance | RIAs

Cerulli Associates posted an article today that is sure to enrage some RIAs. It's pretty brave and honest and deserves attention. 

This Website Is For Financial Professionals Only


 

"Traditionally during Cerulli’s research, the registered investment advisor (RIA) channel receives positive coverage," says Cerulli's post on WealthManagement.com, entitled Holier Than Thou. "That’s thanks to the fiduciary responsibility they assume over their end investors’ portfolios, which has led to surging asset marketshare and client growth. However, an issue has emerged as a growing pain in this dynamic sector that must be addressed in order to avoid litigation and negative press, which is so often associated with their broker/dealer counterparts."

 

Holier than thou RIAs would be wise to clean up their own untidy little ethical issues because RIAs are likely to come under increased scrutiny as regulators try to implement Dodd Frank in the months ahead.

 

 

Read more...
 
Why A Uniform Fiduciary Standard Isn't The Answer
Monday, May 13, 2013 16:16

Tags: Dodd-Frank | fiduciary standard

A uniform fiduciary standard won’t change anything if underlying problems plaguing the industry are not fixed first.

This Website Is For Financial Professionals Only


"Let me start by saying that you can’t impose morality and ethical behavior through legislation," says a market professional and cotributor to LifeHealthPro. "An industry centered on money will always attract criminal activity. However, change is coming in the financial services industry, and it’s coming in the form of a fiduciary standard. Unfortunately, those who wish to take advantage of others for personal gain, by nature, do not follow the rules. Therefore, any additional legislation or rules attempting to enforce moral character, in my opinion, will not work."

 

 

Read more...
 
MBA VS. CFA: Here's How To Decide Which One To Get
Tuesday, May 07, 2013 08:05

When considering a career as a private wealth advisor, you have a choice of designatons and degrees. This story looks at getting an MBA versus a CFA.

This Website Is For Financial Professionals Only


For a short story, it's good but anyone considering these options owes it to himself to explore the full range of designations in the private wealth advice field.

 

A4A recently hosted a webinar in which all of the major designations were discussed.

Read more...
 
Bloomberg Black Financial Advice Platform Launches, Promising To Help Investors Sleep Better
Monday, May 06, 2013 10:08

Tags: competitors | online financial advice

Yet another online investment advice app has launched, this one from the financial news and data giant, Bloomberg LP.

This Website Is For Financial Professionals Only


“You’re more in control now that you’re monitoring your accounts all in one place and managing your investments to meet your goals,” says the Bloomberg Black website. You know when your asset allocation drifts or requires attention, and you’re talking to your team of investment professionals — whenever you need to.”

This app seems squarely aimed at do-it-yourself investors and is not trying to compete with advisors—not yet at least. Give Bloomberg a couple of years tackle that.


 

Read more...
 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 4 of 75

Login

Banner
Banner
Banner

Comments

Banner
Banner
Banner
Banner
Banner
Banner