With Bank of Americas success in the online bill-payment industry and the possibility of Fleet greatly increasing CheckFrees business, the shares hopped $3.13 to $28.90, and traded as high as $29.90 on Nasdaq, Reuters reports.
The Monday announcement that Bank of America would buy FleetBoston, creating the second-largest bank in the United States, is said to be a $47 billion deal. CheckFree, which saw a narrow loss last quarter, seems to be in line to benefit from the buyout.
Advisor360° names former MassMutual exec Mike Fanning as its new CEO
Caz Craffy admitted to taking nearly $10 million entrusted to him by Gold Star families and using it for excessive trades through outside brokerage firms.
The number of experienced financial advisor recruits fell in the first quarter, but Ameriprise's overall headcount and its profits are on the rise.
Opponents haven't stated publicly that they will file a lawsuit, but one will almost certainly challenge the Biden administration's expansion of the fiduciary duty.
Few U.S. adults have done any estate planning. Even fewer have done so for their pets. Advisors can help them get started.
Fidelity launched a new hub aimed at helping advisors who said they're struggling to grow organically. The move comes as LPL Financial and BlackRock launched similar hubs this year.
