Tag Archives: RIA

News, Politics, Government

6.1 magnitude earthquake strikes town near Iranian nuclear plant

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A 6.1 magnitude earthquake that struck near the town of Iran‘s first nuclear power plant has left at least 4 dead, state TV reported on Tuesday, but operations at the plant are unaffected.

The report said the earthquake struck the town of Kaki some 60 miles southeast of Bushehr, a town on the Persian Gulf.

The Russian company that built the nuclear plant said the earthquake was felt there, but it didn’t impact operations, Sky News reports.

“Personnel continue to work in the normal regime and radiation levels are fully within the norm,” an Atomstroyexport official told Russian state news agency RIA.

Shahpour Rostami, the deputy governor of Bushehr province told state TV that rescue teams have been deployed to Shomneh, the most damaged district in the region.

Kaki resident Mondani Hosseini told the Associated Press that people had run out into the streets out of fear.

Two helicopters were sent to survey the damaged area before sunset, Mohammad Mozaffar, the head of the province’s rescue department said.

The quake was felt across the Gulf in Bahrain, the United Arab Emirates and Qatar, where workers were evacuated from high-rise buildings as a precaution.

Earlier on Sunday a lighter earthquake jolted the nearby area. Iran is located on seismic faults and it experiences daily light earthquakes.

In 2003, some 26,000 people were killed by a 6.6 magnitude quake that flattened the historic southeastern city of Bam.

The Associated Press contributed to this report.

…read more

Source: FULL ARTICLE at Fox World News

Business, Finance, Occupation & Industry

Client Retention is Not a Barrier When Going Independent, According to "Sophomore Year" Advisors Who

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By Business Wirevia The Motley Fool

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Client Retention is Not a Barrier When Going Independent, According to “Sophomore Year” Advisors Who Custody with Schwab

Schwab Advisor Service’s new RIA Economic Discovery Tool designed to help advisors make informed decisions before moving to independence

SAN FRANCISCO–(BUSINESS WIRE)– While retaining clients remains one of the top three most important areas of focus for advisors when making the move to the independent model, advisors who have been independent for less than two years say the majority of clients stick by their side once they make the switch, Schwab Advisor Services learned from a series of recent interviews1 with forty “sophomore year” independent registered investment advisors (RIAs) who custody with the firm. Not only do clients agree to transition with their advisors as they seek independence, but most are immediately on board when told about the change.

According to industry research2, the RIA industry has witnessed an eight percent annual growth rate, more than doubling industry assets under management, from $1.3 trillion to $2.8 trillion over the past 10 years.

“As one of the fastest growing segments of the financial services industry, it is clear that the appetite for independent advice is expanding as more and more advisors turn to the RIA space,” said Jon Beatty, senior vice president, sales and relationship management with Schwab Advisor Services. “With industry growth comes more choice for advisors as they seek out a path to independence. Schwab works one-on-one with advisors to determine which solution is best for them, evaluates the economics, and helps develop a transition plan tailored to their needs.”

In the interviews, most advisors noted “the ability to provide more personalized service to clients” as being a very or somewhat important aspect in the decision to become an RIA, followed by “the preference to work for yourself.” Also important was the need to “protect their personal reputations” by moving to the independent model.

Supporting Advisors in the Move To Independence

Schwab helps advisors explore options for independence as they determine whether it makes more sense to start a firm or join one. Schwab’s dedicated Advisor Transition Services team then collaborates with the advisor to develop a customized plan for their specific circumstances.

In its most recent effort to advance the understanding of the model’s benefits, Schwab launched a campaign ─“Don’t change your ways. Change your world.”─ for advisors …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

TD Ameritrade to Host Earnings Conference Call

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By Business Wirevia The Motley Fool

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TD Ameritrade to Host Earnings Conference Call

OMAHA, Neb.–(BUSINESS WIRE)– TD Ameritrade Holding Corporation (NYS: AMTD) will hold its quarterly conference call to discuss fiscal second quarter results and related matters, on Tuesday, Apr. 16, 2013 at 8:30 a.m. EDT (7:30 a.m. CDT).

Participants may listen to the conference call by dialing 877-881-2595. The Company will also webcast the call through its corporate web site, www.amtd.com. Participants will be able to access the webcast on the day of the call from a link on the web site’s home page, or from the Events and Presentations section of the site. A transcript of the webcast will also be available online beginning Wednesday, Apr. 17, 2013.

As the Company will discuss a number of financial metrics, participants are encouraged to download the slides associated with the presentation, which the Company will post to the Events and Presentations section of www.amtd.com at approximately 7:30 a.m. EDT, before the start of the call.

A phone replay of the call will be available by dialing 855-859-2056 and entering the Conference ID 22315975 beginning at 11:30 a.m. EDT (10:30 a.m. CDT) on Apr. 17, 2013. This replay will be available until 11:59 p.m. EDT (10:59 p.m. CDT) on Apr. 23, 2013. Interested parties may also view an archived version of the webcast, which will be available on www.amtd.com immediately following the call.

The Company asks that interested parties visit or subscribe to newsfeeds at www.amtd.com for the most up-to-date corporate financial information, presentation announcements, transcripts and archives. You can also follow the Company on Twitter, @TDAmeritradePR. Web site links, corporate titles and telephone numbers provided in this release, although correct when published, may change in the future.

AMTD-G

About TD Ameritrade Holding Corporation

Millions of investors and independent registered investment advisors (RIAs) have turned to TD Ameritrade’s (NYS: AMTD) technology, people and education to help make investing and trading easier to understand and do. Online or over the phone. In a branch or with an independent RIA. First-timer or sophisticated trader. Our clients want to take control, and we help them decide how – bringing Wall Street to Main Street for more than 36 years. An official sponsor of the 2014 and 2016 U.S. Olympic and Paralympic Teams, TD …read more
Source: FULL ARTICLE at DailyFinance

Articles of Interest

Russia Urges Restraint On North Korea’s Threats

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By The Huffington Post News Editors

* Moscow urges parties not to “cross the point of no return”
* Senior diplomat says war is unacceptable
* Moscow says U.S. statements are “a bit reassuring” (Adds diplomat’s quotes)
SCOW, March 30 (Reuters) – Moscow urged restraint in the Korean peninsular on Saturday, after North Korea said it was entering a “state of war” with South Korea in a further escalation of its bellicose rhetoric against Seoul and its main ally, the United States.
“We hope that all parties will exercise maximum responsibility and restraint and no one will cross the point of no return,” senior Russian Foreign Ministry official Grigory Logvinov told Interfax news agency.
North Korean leader Kim Jong-un on Friday put missile units on standby to attack U.S. military bases in the South and the Pacific, after two nuclear-capable U.S. stealth bombers flew over the Korean peninsula in a rare show of force.
“We expect that everyone understands that a recurrence of the war on the peninsula is definitely unacceptable,” Logvinov told news agency RIA.
When asked by reporters if Pyongyang had the same understanding, Logvinov said: “Of course. We were in contact with the North Korean side”.
U.S. officials said the B-2 bombers were on a diplomatic sortie aimed at reassuring allies South Korea and Japan and were also aimed at trying to nudge Pyongyang back to dialogue.
“At least at this point, we see that the statements (of Washington) are rather restrained. The position of the American side is a bit reassuring,” Logvinov told RIA.
Russia warned on Friday that the heightened military activity was slipping into a “vicious cycle” that could get out of control.
Tension has been high since North Korea conducted a third nuclear weapons test in February in breach of U.N. sanctions and despite warnings from China for it not to do so. …read more
Source: FULL ARTICLE at Huffington Post

Business, Finance, Occupation & Industry

TD Ameritrade CEO to Diversify Holdings

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By Business Wirevia The Motley Fool

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TD Ameritrade CEO to Diversify Holdings

OMAHA, Neb.–(BUSINESS WIRE)– TD Ameritrade Holding Corporation (NYS: AMTD) announced today that Fred Tomczyk, president and chief executive officer, intends to sell up to 200,000 shares of the company’s common stock, approximately 8 percent of his 2.5 million shares. Following the transaction, which has been approved by the company’s Board of Directors Compensation Committee, he will continue to exceed the company’s share ownership guidelines, which are set at 10-times his base salary.

The shares will be sold between now and Mar. 15, 2013. Mr. Tomczyk plans to use the proceeds to fulfill diversification and liquidity needs within his portfolio and to satisfy charitable commitments.

For the latest news and information about TD Ameritrade, follow the Company on Twitter, @TDAmeritradePR.

AMTD-G

About TD Ameritrade Holding Corporation

Millions of investors and independent registered investment advisors (RIAs) have turned to TD Ameritrade’s (NYS: AMTD) technology, people and education to help make investing and trading easier to understand and do. Online or over the phone. In a branch or with an independent RIA. First-timer or sophisticated trader. Our clients want to take control, and we help them decide how – bringing Wall Street to Main Street for more than 37 years. TD Ameritrade has time and again been recognized as a leader in investment services. Please visit TD Ameritrade’s newsroom or www.amtd.com for more information.

Brokerage services provided by TD Ameritrade, Inc., member FINRA (www.FINRA.org) /SIPC (www.SIPC.org) /NFA (www.nfa.futures.org)

TD Ameritrade Holding Corporation
For Media:
Kim Hillyer, 402-574-6523
Director, Communications & Public Affairs
kim.hillyer@tdameritrade.com
@TDAmeritradePR
or
For Investors:
Jeff Goeser, 402-597-8464
Director, Investor Relations & Finance
jeffrey.goeser@tdameritrade.com

KEYWORDS:   United States  North America  Nebraska

INDUSTRY KEYWORDS:

The article TD Ameritrade CEO to Diversify Holdings originally appeared on Fool.com.

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Copyright © 1995 – …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Schwab and Texas Tech Celebrate Opening of Newly Remodeled Charles Schwab Personal Financial Plannin

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By Business Wirevia The Motley Fool

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Schwab and Texas Tech Celebrate Opening of Newly Remodeled Charles Schwab Personal Financial Planning Technology Complex

New Schwab Study Finds Next Generation Financial Professionals Drawn to Relationship Management Roles and Want to Create Careers on Their Own Terms

SAN FRANCISCO–(BUSINESS WIRE)– Charles Schwab and Texas Tech University celebrated the opening last week of thenewly renovated Charles Schwab Personal Financial Planning Technology Complex1 at a ribbon cutting event attended by university faculty, students and financial professionals currently studying at Texas Tech for CE credits. Over the past several years, Schwab has contributed millions of dollars in support to universities and has developed programs to help mentor, train and provide hands-on learning experiences for future financial services professionals.

Schwab’s Bernie Clark addresses the crowd at ribbon cutting event at Texas Tech. (Photo: Business Wire)

The Charles Schwab Personal Financial Planning Technology Complex at Texas Tech, originally constructed in 2009, is used today by more than 300 undergraduate and graduate students in the University’s Personal Financial Planning Department. It is an approximately 4,500 square foot facility that now includes two state-of-the art classrooms, a 16-unit technology lab, a high-tech conference room, and a recording room to produce high-quality distance education modules.

“Attracting young people to the RIA space is critical to the channel’s success going forward,” said Bernie Clark, head of Schwab Advisor Services. “We are honored to be working with Texas Tech and other universities to provide support for young people entering the business so that they can be strong champions for the independent advice model in the decades to come.”

In early February, Schwab conducted a study with students at Texas Tech to gain their perspective on the financial services industry.

Schwab Study Findings: Attracting and Retaining the Next Generation

Today’s developing financial advisors are gravitating to a career where they can interact daily with people and have a role in relationship management (69%), as well as do work that matters and help others achieve their goals (63%), according to a recent survey conducted by Schwab Advisor Services among more than 100 students studying Personal Financial Planning at Texas Tech University.

Additional study findings include: