Inc.
MF Global files for bankruptcyPosted by RJ and Makay on Nov 02, 2011 |
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MF Global Holdings Ltd. announced Monday that it is seeking bankruptcy protection. The announcement comes one week after reporting its largest-ever quarterly loss. The second- quarter loss of $191.6 million resulted largely from bad bets on European sovereign debt. MF Global shares plunged 66% last week after Moody’s downgraded the firm’s own debt to junk status.
RIAs ride business growth trendPosted by RJ and Makay on May 20, 2011 |
A recent survey of more than 500 registered investment advisors found that 73% of them had won more clients in the last six months, a 7% increase from a year earlier. Only 5% of RIAs reported fewer clients, compared to 8% last year. Clients opting out of traditional full-commission brokerages are providing most of their new business, continuing the trend of the past few years.
Maritz Inc. conducted the survey between March 21 and April 1, 2011 on behalf of TD Ameritrade Institutional, and included both TD Ameritrade custodial RIA’s and others.
RIAs use of social media comes under closer scrutinyPosted by RJ and Makay on May 04, 2011 |
As RIAs embrace social media channels to market their services, every advisory firm must have a specific social media policy in place to ensure compliance under growing SEC scrutiny.
Even if a firm lacks a Facebook page or a company blog, it still needs a social media policy to govern the company website and employees’ personal use of social media.
Daniel J. Boorstin (American social historian and educator, 1914)
