Ameriprise's wealth management earnings rose 37% as its fee-based businesses continued to drive up results in 2Q. read more » | Here's how one advisor encourages philanthropic efforts of his clients by being a philanthropist himself. read more » | Many advisors are eager to find new clients, but not sure where to start. Dave Grant says prospective clients can turn up anywhere. read more » | The Federal Reserve Board will be expanding its yearly stress-test exercise next year to include 11 more bank holding companies, bringing the total to 29 firms. read more » | Advisors have some more competition brewing in the still-nascent online planning world. read more » | SIFMA is proposing a new "execution-with-diligence" standard for municipal trading that would require a dealer to use "reasonable diligence" to determine the market for a bond so the price it provides to a customer is "fair and reasonable under prevailing market conditions." read more » | It will be nearly impossible to ascertain the full impact of rising interest rates on housing until late August or September because of the time lag between rising rates and the impact on the data. During this time, investors will be well served by focusing on what is likely to happen further out on the horizon, as well as on the sheer importance of housing for economic growth. -- Scott Minerd, Guggenheim Partners read more » | Must Read Must Watch | Giving Back Here's how one advisor encourages philanthropic efforts of his clients by being a philanthropist himself. read more » | Contact Us Matt Ackermann matt.ackermann@sourcemedia.com Online Editor-in-Chief Phone: 212.803.8711 Mark Lynch Mark.Lynch@sourcemedia.com Associate Publisher Phone: 781.626.4001 |  |
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