Several advisers said they had expected a scramble from clients. But the phone has not been ringing off the hook.» Read More
A reconstitution of the Russell Indexes occurs at the close of Wall Street trading Friday, reflective of the growth vs. value debate.
*U.S.-listed shares of Barclays fall on fraud lawsuit. *GoPro shares jump over 30 percent in first day after IPO. NEW YORK, June 26- U.S. stocks ended slightly lower on Thursday after the president of the Federal Reserve Bank of St. Louis said interest-rate increases should come sooner rather than later.
NEW YORK, June 23- Executives at top U.S. wealth managers say they need more technology to maintain their market-leading positions as younger investors seek to manage their money in a digital world, but research shows firms are not keeping up with client demands.
NEW YORK, June 18- The high levels of cash that TD Ameritrade customers have been keeping in their brokerage accounts since the 2008-2009 financial collapse is on the decline, a sign of growing confidence in the U.S. stock market, company executives said at Reuters Wealth Management Summit on Wednesday.
WASHINGTON, June 17- The pricing model used by U.S. stock exchanges to attract liquidity came under fire on Tuesday, as several Wall Street executives called for ending the practice and two U.S. senators raised concerns about the potential conflicts it creates.
The U.S. Senate Permanent Subcommittee on Investigations will hold high-speed trading hearings tomorrow, but the lineup is strange.
Here's one for the Freaky Friday files: Priceline announced it's buying OpenTable as four new IPOs come to market.
NEW YORK, June 6- Investors have spent several months deciphering the mixed signals from the U.S. economy, and yet the S&P 500 has kept moving higher, slowly but surely, putting it just shy of the 2,000 mark. With its Friday close, the S&P would need just a 2.5 percent gain to vault the 2 K level- something most did not expect during the depths of the Great Recession.
NEW YORK, June 2- E* Trade Financial Corp on Monday said its customers averaged about 148,000 trades a day in May, down 14 percent from their daily volume in April and about 9 percent lower than in May 2013.
NEW YORK, May 23- Whatever investors are worried about right now, those concerns are not showing up in Wall Street's fear gauge. It's that people don't perceive anything to derail the train at this point, "said Andrew Wilkinson, chief market analyst at Interactive Brokers LLC in Greenwich, Connecticut.
As U.S. indexes are testing highs, retail investors are jumping back into the risky world of penny stocks faster than ever.
TORONTO, May 22- Toronto-Dominion Bank said on Thursday that its quarterly profit rose 16 percent as recent credit card and wealth management acquisitions boosted Canadian and U.S. retail lending.
After snaring more venture capital, FutureAdvisor CEO Bo Lu talks about why online investment advisors are the future of mass-affluent investing.
TORONTO, May 22- Toronto-Dominion Bank said on Thursday that its quarterly profit rose 16 percent on the back of strong Canadian and U.S. retail lending. Canada's second-largest bank earned C $1.99 billion, or C $1.04 a share, in the second quarter ended April 30, compared with C $1.72 billion, or 89 Canadian cents a share, a year earlier.
May 15- The chief executive officer of Charles Schwab Corp on Thursday suggested that regulators require brokerage firms to disclose how much they are paid for selling their clients' orders. The U.S. Securities and Exchange Commission has begun issuing subpoenas and other demands to brokerage companies to learn how they handle their clients' orders.
An inability to attract young people is challenging a financial advisory industry facing a wave of advisor retirements in the next two decades.
Some of the biggest retail brokerage companies are Charles Schwab Corp., TD Ameritrade Holding, Fidelity Investments' Fidelity Brokerage Services and E* Trade Financial Corp, which can get paid $100 million a year or more for selling their orders.
For years, Wall Street pros have been bemoaning the exodus of mom-and-pop investors. Recent data suggest the trend might be changing.
Investors liked what they saw in Facebook and Apple, but Wall Street fell after a slew of earnings and data couldn't sustain the bounce.
April 23- Discount brokerage E* Trade Financial Corp's quarterly profit more than doubled, helped by a drop in provision for loan losses and a surge in trading activity. The company's net income rose to $97 million, or 33 cents per share, in the first quarter ended March 31, from $35 million, or 12 cents per share, a year earlier.