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- FINRA Board Meeting - This Week's Agenda
- Statement on Cryptocurrencies and Initial Coin Offerings - SEC Chair Clayton
- Company Halts Initial Coin Offering Over SEC Registration Concerns
- Kevin O'Leary Explains One Big Thing People Don't Understand About Bitcoin (But Need To)
- CME Bitcoin Futures: A Better Way to Buy (or Short) Bitcoin?
- Address at ICI's 2017 Securities Law Developments Conference - SEC Commissioner Stein
- New York Pension Fund Seeks More Pay Disclosure from Wells Fargo
- Wells Fargo Sanctions Are on Ice Under Trump Official
- Josh Brown: Here's How to Buy Bitcoin, But Realize It Could Be One Giant Bubble
- Trump's New Tax Plan Could Cost Citigroup $20 Billion
- Morgan Stanley Fires Former Congressman Harold Ford Jr.
- Al Franken Will Resign Over Sexual Misconduct Allegations - His Full Resignation Speech
- Ex-NFL Player Gets 40 Years for Running $10Mn Fraud
- Bitcoin Blows Past $15K, Adding $2K in Under 12 Hours
- Financial Adviser Settles Charges for Defrauding Private Equity Fund Investors
- New Cross Market Equity Supervision Report Cards - FINRA Phone-In Workshop, WebEx Presentation
- Mueller Just Crossed Trump's Red Line, With Deutsche Bank Subpoena
- Wildfire Rages Near Los Angeles
- Former Company Insider Has $4.1Mn Payday as a Whistleblower
- Audit Firm, Anton & Chia, Conducted Fraudulent Audits of Penny Stock Companies - SEC
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Wall Street News
Barron's 2017 Top 100 Financial Advisors: Morgan Stanley Leads the Way
Barron's published its 2017 Top 100 Financial Advisors and three notable statistics stand out:
- New York and California dominate the list with 52 of the top 100 advisors;
- Morgan Stanley occupies 9 of the top 12 spots - and 12 of the top 18 - with most advisors associated with the Private Wealth Management unit.
- The top 8 slots remain largely unchanged from 2016.
CRITERIA: According to Barron's, the annual ranking is based on assets under management, revenue generated for the advisors' firms, and the quality of the advisors' practices. The last factor includes type of account - e.g., Client Category (high net worth, ultra hnw, foundations, endowments, institutional), Typcial Account Size, and Typical Net Worth.
Investment performance isn’t an explicit factor because clients have varied goals and risk tolerances. Some want to swing for the fences, while others are extremely conservative, so what they consider good results can be very different. Total AUM are one indicator of investors’ satisfaction, or lack thereof. If a client’s specific aims aren’t being met, the chances of retaining that person - and his or her assets - are slim.
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