Hints and tips:
...But Alphaville is going to focus mostly on the movie’s fidelity to reality. And we can’t believe it’s come to this, but we’re going to defend Ken Griffin (shudder)....
...Only a decade ago, large asset managers like Fidelity would be at the top of research client lists, generating huge amounts of revenues through trading commissions explicitly tied to research content....
...First, US domestic wirehouse brokerage, the foundation of Morgan Stanley’s wealth business, has an age problem....
...This exhibition at the V&A invites us into the opulent world of master goldsmith Carl Fabergé and his London clientele....
...Amid the GameStop trading frenzy in January, the brokerage added more than 1m new customers in the first month of 2021....
...But Institutional Shareholder Services and Glass Lewis, influential proxy advisers that issue recommendations on votes at annual meetings, urged shareholders to rebel at the two companies’ AGMs this month...
...“Everything in the world is on hold, and this cannot not be reflected in the financial world,” says Romain Boscher, chief investment officer for equities at Fidelity International ....
...But it is worse that sites operated by Fidelity, Schwab, Vanguard, T Rowe Price and other long-established US platforms also hit trouble amid a jump in volume....
...A 2009 Supreme Court case involving prescription drug labels, Wyeth v Levine, greenlighted state laws that are stricter than federal laws....
...He also expects to see these more sophisticated advice services linked to bank, brokerage and tax services....
...He joins from JLL, the property services group. Sajiv Vaid is moving to the fixed income team at Fidelity Worldwide Investment, the global asset manager, in August....
...Indeed, in October fund manager Fidelity announced it would give 3,000 financial advisers access to Betterment to help them service their own clients....
...The real threat from do-it-yourself websites is to financial “planners” that masquerade as full-service wealth advisers but only provide passive asset allocation services....
...N.V. Tyagarajan, Genpact’s chief executive, said: “We are excited about this transaction, which is hugely positive for all of our shareholders....
...(Wall Street Journal) Clients such as Fidelity point out they’re not obligated to keep using BATS and have alternatives. (Reuters) BATS’ chief full of contrition; views differ over IPO d0-over....
...From 1994 to 1997, he covered diversified financial services stocks for Morgan Stanley, including credit card, securities brokerage, and asset management firms....
...Richard Lindsey, Bear Stearns’ head of clearing services and prime brokerage, is moving on to try something new and will leave next month to work for a hedge fund, after an eight-year stint, said Bloomberg...
...Institutions paid $10.8bn in US equity brokerage commissions from 2005 to 2006, according to Greenwich....
...The regulators for example have some insight into the hedge funds, through the prime brokerage arms of commercial banks and broker dealers. But it’s always appropriate to worry.”...
...Tim McCarthy, the chief executive, previously built up Charles Schwab's online brokerage operations....
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