Advisor Business
NFP To Be Acquired By Madison Dearborn Partners For $1.3 Billion
National Financial Partners Corp. (NYSE: NFP), an ambitious independent broker-dealer, today announced that it has entered into a definitive agreement with Madison Dearborn Partners, LLC, a private equity investment firm, to sell NFP for $1.3 billion in cash.
Schwab Says Net New Enrollments In Retail Advisory Offers Are Up More Than 70% Year-Over-Year; Assets In A Low Cost Actively Managed ETF Solution Soared By 51%
Charles Schwab’s gathered $43.4 billion in net new assets in the first quarter of 2013, a 9% annualized organic growth rate, and it opened 244,000 new brokerage accounts, up 2% year-over-year. But the growth rate in its advisory programs for retail investors, which compete with advisors, is much stronger.
From A Key Vantage Point For Observing Financial Advice Professionals, IMCA CEO Analyzes The Difficult Issues Facing Advisors
The financial advice business is comprised of fragmented professional groups that don’t know each other very well, which is making for an awkward coming together being foisted on them by market forces. For example, the large body of knowledge from the American College, which has its roots in the insurance business, is largely unexploited by Certified Public Accountants who hold the Personal Financial Specialist (CPA/PFS) designation, yet CPA/PFSs, CLUs, and ChFCs all advise on estate planning strategies. Certified Financial Planners have a body of professional knowledge distinct from Char
Intuit Now Allowing Banks And Credit Unions To Private Label Mint
Intuit Inc. is making Mint, its popular online personal finance solution, available to financial institutions, "giving them a new way to build deeper, trusting relationships with banking customers through digital branches."
Why Should Consumers Choose Software Over A Human For Investment Advice? CEO Of Financial Advisor Replacement App Makes His Case
In a post entitled, "Why I Choose Software Over A Human For Investment Advice," the CEO of Betterment, an app that seeks to replace financial advisors, makes the case succinctly.
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