Industry

Independent Advisor Leads Investor Group Seeking To Purchase NHL's Troubled Phoenix Coyotes Franchise

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Darin Pastor, founder and CEO of Capstone Affluent Strategies, has formed an exploratory committee to try to acquire the financially troubled Phoenix Coyotes of the National Hockey League.

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Charles Schwab to Host Live Online Educational Event for Active Traders

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"Charles Schwab is making it even easier for investors to sharpen their trading skills," says a press release from the company, which remains faithful to its mission of educating retail investors to manage their money. "As part of its continuing commitment to investor education, Schwab will host a virtual education event for active traders on Thursday, March 28, 2013. Workshops on essential trading topics such as navigating today’s markets, stock selection and chart pattern recognition will be streamed live and free of charge, over the internet."

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Accenture Study Of Advisors Provides Unintentional Joke Of The Day; Shows Why Survey Stories About Advisors Are Usually A Joke

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Late night host Jimmy Kimmel irregularly features an unintentional joke of the day, and a press release by Accenture yesterday inspires citing this news item as one of those unintentional jokes. The Accenture study poignantly points out how incredibly wrongheaded advisors are in understanding aspects of social media and client relationships. But it then goes on to quote advisors as if surveying them provides useful insight.

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Wealthfront, A Startup That Wants To Replace Financial Advisors, Raises $20 Million In A New Funding Round

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Wealthfront, a startup intent on replacing financial advisors with its wealth management software, just raised $20 million from some more Silicon Valley biggies, including Reid Hoffman, the co-founder and executive chairman of LinkedIn. That’s on top of the $10.5 million raised to start the company from venture capital investors including Netscape founder Marc Andreessen and Jeff Jordan, former president of PayPal.

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CFP Board Hires New Lobbyist Who Formerly Served As Senior Counsel To House Financial Services Committee

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A former senior counsel to the House of Representatives Financial Services Committee has been named Director of Government Relations at the CFP Board of Standards. CFP Board hired Washington, D.C. attorney Todd L. Cranford for the newly created position, representing a clear effort by CFP Board to influence the political process surrounding regulation of investment advisors.

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