NEW YORK (Reuters) - Independent wealth management shops continue to lure clients away from the big U.S. brokerages, according to a survey by online brokerage giant Charles Schwab Corp <SCHW.O>. Nearly all of the 1,144 independent financial advisers surveyed in January gained ...
TD Ameritrade leaders say E-Trade deal unlikely; predict slow economic recovery TD Ameritrade's CEO said Thursday there's no way the online brokerage would consider acquiring rival E-Trade right now because the deal would involve too much risk. Ameritrade CEO Fred Tomczyk addressed ...
NEW YORK (Reuters) - Some of Bernard Madoff's defrauded investors opened a new legal front on Wednesday to get their money back, accusing the federal agency overseeing the distribution of assets left from the epic swindle of fraud. In a lawsuit seeking ...
<div id="subtitle">FINRA fines Scottrade $600,000 for allegedly inadequate money laundering controls</div><div><p>Industry regulators have fined discount brokerage firm Scottrade Inc. $600,000 for allegedly inadequate money laundering controls to detect suspicious transactions.</p><p>The Financial Industry Regulatory Authority, the brokerage industry ...
<div id="subtitle">Online brokerage TD Ameritrade plans to release 4q earnings on Tuesday morning</div><div><p>Online brokerage TD Ameritrade Holding Corp. will release its fourth-quarter earnings report Tuesday morning.</p><p>Investors expect the current low interest rates to continue limiting the Omaha-based company's ...
<div><p>ZURICH (Reuters) - Robert McCann, the new head of the battered U.S. wealth management unit of Swiss bank UBS AG <UBSN.VX> <UBS.N>, said he aims to stem client withdrawals and has no plans to sell the business.</p><p>McCann ...
<div id="subtitle">Low rates limit revenue growth at online brokerage TD Ameritrade, 4Q profit falls</div><div><p>TD Ameritrade Holding Corp. said Tuesday investors kept its online trading operations busy in its latest quarter as the markets improved but lower interest rates and rising expenses sent ...
<div id="subtitle">A federal judge did not sign off on an agreement that would have settled a lawsuit filed against TD Ameritrade over a major breach announced in 2007.</div><div><p>A U.S. District Court judge on Monday denied a proposed lawsuit settlement over the 2007 ...
<div id="subtitle">UBS names former Merrill exec Robert McCann as CEO of US wealth management unit</div><div><p>Swiss investment bank UBS AG said Tuesday it has named former Merrill Lynch & Co. executive Robert McCann as CEO of its U.S. wealth management unit, replacing Marten ...
<div id="subtitle">TD Ameritrade CEO says Ricketts family remains engaged in brokerage even with Cubs purchase</div><div><p>Buying the Chicago Cubs doesn't mean the Ricketts family will become less engaged in the brokerage Joe Ricketts helped found, TD Ameritrade.</p><p>The Ricketts family ...
