News

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  Andy Friedman: Which Wealth Transfer Tactics Will Survive?

  By Gil Weinreich, AdvisorOne  |  May 22, 2013

  Act now to transfer wealth, Washington Update analyst Andy Friedman warns, because Congress is likely to close some loopholes while forging a budget compromise needed to raise the debt limit.

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  Baird Expands Recruiting of Trainees, Advisors

  By Janet Levaux, AdvisorOne  |  May 22, 2013

  The employee-owned, Milwaukee-based firm tops $100 billion in client assets as it aims for $1 billion in revenue.

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  Bernanke Talks and 10-Year Treasury Yield Zooms Past 2%

  By Joyce Hanson, AdvisorOne  |  May 22, 2013

  Bernanke admits that savers who rely on interest income from savings accounts or government bonds are receiving very low returns even as low interest rates have helped create jobs and support home prices.

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  FINRA Inks Deal With Direct Edge, Gains Oversight of 90% of Equity Trading Volume

  By Melanie Waddell, AdvisorOne  |  May 22, 2013

  FINRA announced Wednesday that Direct Edge, the third-largest stock exchange operator in the U.S., has made a deal with FINRA to provide market surveillance services on behalf of Direct Edge's two licensed stock exchanges.

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  5 Indie BDs Ordered to Pay $9.6M for Nontraded REIT Violations

  By Melanie Waddell, AdvisorOne  |  May 22, 2013

  Massachusetts Securities Regulator William Galvin ordered five independent broker-dealers Wednesday to pay $8.6 million in restitution to investors and fined them a total of $975,000 for improper sales of nontraded REITs.

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  Advising Military Retirees Requires Understanding ‘Nuances’

  By Danielle Andrus, AdvisorOne  |  May 22, 2013

  After 23 years in the Army, Merle Jones, president of Missouri-based Jones Investment Group, was drawn to the financial planning industry but knew he wanted to continue working with members of the military.

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  New Hire Roundup: HighTower Expands Development Team

  By Marlene Y. Satter, AdvisorOne  |  May 22, 2013

  This week in new hires, HighTower welcomed Thomas Brown and Frank Epinger to its development team. Citibank named Mark Mason private bank CEO and Jane Fraser CitiMortgage CEO.

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  William Galvin: The 2013 IA 25 Extended Profile

  By Melanie Waddell, AdvisorOne  |  May 22, 2013

  Since taking on an additional 139 advisors with $6.6 billion in assets under the Dodd-Frank “switch,” Massachusetts has “been able to do what the Securities and Exchange Commission hasn’t.”

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  What It Means to Be an Advisor

  By John Sullivan, AdvisorOne  |  May 21, 2013

  An outspoken group of top advisors convened at the Curian Conference in Chicago to sound off on everything from the political climate to women as a niche market to retirement income and behavior, and more.

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  Advisors’ Tech Strategies Help Boomers but Ignore Gen X and Y

  By Joyce Hanson, AdvisorOne  |  May 21, 2013

  RIAs are making the mistake of inventing non-tech-related strategies for boomer investors at the expense of developing innovations for Gen X and Gen Y clients, says Fidelity.