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HighTower, a national company serving high-net-worth and institutional clients, brings prospective partners to the firm’s Chicago headquarters for a day of one-on-one meetings with the top executives. Here's an in depth look at one step in the firm's recruiting process.
March 8
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Norm Champ has been on the job as Director of the Division of Investment Management at the Securities and Exchange Commission for eight months and a lot of mutual fund executives are nervously waiting for the SEC has in store for the industry in 2013 and beyond.
March 8 -
Competition for top financial advisory talent has stayed strong, but the kinds of advisors interested in moving has changed, according to the eight recruiters who gathered for On Wall Street's annual Recruiters Roundtable this year. Check out the key trends set to influence advisor movement in 2013.
March 8
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A year after not-quite-closing the book on one retirement-related lawsuit, Fidelity Investments is once again fighting allegations that it improperly used customers money earned in overnight accounts to pay its own operating expenses, Reuters reports.
March 8 -
Investors who trade frequently are upbeat about recent results, and that enthusiasm may translate into opportunities for advisors.
March 8 -
The three-year-old Tampa-based broker-dealer and RIA has opened a new office in Sebring, Fla., bringing on 17-year Merrill Lynch veteran Kelly Connelly as a financial advisor and first vice president of investments.
March 8 -
Mutual funds continued their inflow streak yet again the week ended Feb. 27, but domestic equity funds saw their first outflows since the week ended Dec. 31, 2012.
March 8 -
Flows into tax-exempt money market funds were positive by $17 million in the week ended March 4 as total net assets only increased to $278.79 billion, according to The Money Fund Report, a service of iMoneyNet.com.
March 8 -
For the first time in nine weeks, muni bond funds that report flows weekly recorded outflows for the week of March 6, at $97 million.
March 8 -
OppenheimerFunds has launched the Diversified Alternatives Fund (ODAAX), a fund of funds that has exposure to the firms alternative mutual funds.
March 7
