Wirehouses

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  Warren Buffett to Become Major Goldman Shareholder

  By John Sullivan, AdvisorOne  |  March 26, 2013

  The deal saves Buffett’s Berkshire Hathaway billions in costs and lets Goldman maintain the accretion to its stock price.

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  SEC Approves Nasdaq’s $62 Million Facebook Settlement

  By John Sullivan, AdvisorOne  |  March 25, 2013

  The SEC approved a plan on Monday for Nasdaq to pay customers as much as $62 million for losses stemming from last year's controversial Facebook IPO.

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  HighTower, UBS Veteran Join in New York Partnership

  By Joyce Hanson, AdvisorOne  |  March 25, 2013

  MK Wealth Management’s principal, Mark Kravietz, is a longtime veteran of the financial services sector, most recently at UBS Financial Services.

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  Top 25 401(k)s for NYC-Based Companies: Where Are the Big Banks?

  By Joyce Hanson, AdvisorOne  |  March 22, 2013

  Say goodbye to BlackRock, Goldman Sachs, Morgan Stanley and other finance giants—this year's list of the best plans is seriously competitive.

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  Freddie Mac Sues Big Banks Over LIBOR

  By John Sullivan, AdvisorOne  |  March 20, 2013

  Government-owned Freddie Mac accuses the banks, including Bank of America, of acting collectively to hold down the U.S. dollar LIBOR.

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  TD Ameritrade Grabs Ex-LPL Recruiter

  By Janet Levaux, AdvisorOne  |  March 19, 2013

  Scott Collins will lead recruiting of hybrid and fee-only RIAs. Meanwhile, Wells Fargo says it has added 27 advisors this year, and Morgan Stanley brings in three from UBS.

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  Alicia Munnell: Ban Actively Managed Funds From 401(k)s, IRAs

  By John Sullivan, AdvisorOne  |  March 14, 2013

  Why is it that every current wirehouse advisor says they’re completely open-architecture, while every former wirehouse advisor says they faced pressure to sell proprietary products?

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  Morgan Stanley Nabs CNBC’s Kaminsky

  By Janet Levaux, AdvisorOne  |  March 12, 2013

  Meanwhile, Merrill confirms that Raphael Zagury has left its structured products group.

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  As Dually Registered Advisors’ Assets Grow, SEC Zeros In

  By Melanie Waddell, AdvisorOne  |  March 11, 2013

  Just as the SEC beefs up its oversight of dually registered advisors, new research from Cerulli Associates finds the dually registered channel is one of the fastest growing.

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  2012 a Model Year for 401(k) Savings: BofA Merrill

  By Gil Weinreich, AdvisorOne  |  March 7, 2013

  Screaming headlines about 401(k) enrollees raiding their retirement savings are au courant these days, but a Merrill study of its own 2.5 million plan participants found markedly positive results.