Industry
Schwab Touts Its Advisor University As A Way For Training-Hungry RIA Affiliates To Learn
Charles Schwab Advisor Services says its affiliated RIAs are eager to learn more about how to use its platform, and strong enrollment in its Advisor University seems to bear that out.
Raymond James Sees Weaker Reps Falling Away
Raymond James boosted its revenue to a record $866 million last quarter, but admits that quarter-to-quarter, the business has gotten "a little noisy."
S&P Warns It Could Get Bumpy For Brokers, But Thinks Independents Will Hold Up OK
Standard & Poor's says that "the recovery is likely to be bumpy" for the brokerage industry, but independent firms seem poised to weather the risks better than their bank-owned peers.
Madoff Trustee Addressed Accusations Of Inefficiency -- A Month In Advance
Even though members of Congress have publicly worried that the cost of unwinding the Madoff estate would bankrupt SIPC, the trustee seems to have it under control.
Wells Fargo Suffers Despite Great Results From Its Advisory Unit
Another "good news, bad news" quarter, this time at Wells Fargo. The brokerage did well. The bank didn't.
