Advisor Business

NFP To Be Acquired By Madison Dearborn Partners For $1.3 Billion

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by agluck     April 15, 2013      0.0 (0) 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.

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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%

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by agluck     April 15, 2013      0.0 (0) 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.

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From A Key Vantage Point For Observing Financial Advice Professionals, IMCA CEO Analyzes The Difficult Issues Facing Advisors

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by agluck     April 11, 2013      0.0 (0) 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

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Intuit Now Allowing Banks And Credit Unions To Private Label Mint

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by agluck     April 08, 2013      0.0 (0) 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."

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Why Should Consumers Choose Software Over A Human For Investment Advice? CEO Of Financial Advisor Replacement App Makes His Case

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by agluck     April 08, 2013      0.0 (0) 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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