Walt Bettinger, the 47-year-old president and COO of Charles Schwab Corp., will succeed the company’s founder and chairman, Charles R. Schwab, as CEO of the company effective Oct. 1.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

Schwab Institutional head Debbie McWhinney has resurfaced, joining Focus Financial Group, the rollup firm founded and headed by Rudy Adolf, on its now five-member board of directors.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

LPL Financial has taken what might be considered the logical next step as the broker/dealer industry incresingly moves to the fee side of the business—becoming a custodian to non-affiliated RIAs as well as dually registered advisors. On May 5, LPL announced plans to roll out its new custodial venture in late 2008, under Gary Gallagher as executive VP and head of RIA Services.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

Fidelity Investments has agreed to pay an $8 million penalty for accepting over $1.6 million in gifts and entertainment paid for by outside brokers.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

On February 11, 2008, Fidelity Investments released its fourth quarter 2007 and record full-year brokerage results. Total brokerage client assets reached a high of $1.99 trillion in the fourth quarter, a 17% increase from one year ago.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

Pershing Advisor Solutions (PAS) has named Karen Novak as COO.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

Schwab Institutional has named Patricia Cox COO, the position last held by the current head of SI, Charles Goldman. Cox began her career with Schwab in 2000, and comes to Schwab’s advisor division from its retail unit, Schwab Investor Services, where she has been in charge of client service and support since 2005.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

A new study commissioned by Fidelity Investments of the fastest growing RIA firms found that firms that grew their assets under management by more than 100% over the past three years averaged nine years in the business, had $215 million in AUM, and tended to have been founded by a breakaway broker.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

The winners of Schwab Institutional’s second annual Impact Awards were announced at the firm’s advisor conference in Las Vegas (October 28-31). Dr. Lewis J. Altfest received the Charles R. Schwab Impact Award from firm founder and chairman Chuck Schwab. Altfest is president of L.J. Altfest & Co., New York, a professor at Pace University and author, among other works, of the textbook, Personal Financial Planning. Also recognized were Abacus Planning Group, Columbia, South Carolina—Pacesetter Award; Moneta Group, St. Louis, Missouri—Best-in-Business Award; and Friedman & Associates, Novato, Califormia—Best-in-Tech Award.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

Fidelity Investments announced that it will make a new wealth management platform available to its affiliated RIAs that integrates Siebel On Demand CRM, the Advent portfolio management application, and NaviPlan financial planning software.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

To help their correspondents achieve these business goals, National Financial is launching two new initiatives to support these broker/dealers in their efforts to recruit and develop representatives.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

Fidelity Investments has named Michael Clark, former CEO of JPMorgan's $15 trillion Worldwide Securities Services business, to head its institutional services business.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

Fidelity Investments announced September 18 that it is renaming its advisor custody unit Fidelity Institutional Wealth Services to reflect the “evolving role that trust institutions and third-party administrators (TPAs) also play in meeting the wealth management needs of investors,” noting that assets in personal trusts are expected to in crease from $3 trillion now to $7 trillion by 2010.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

Pershing LLC announced September 6 that it has named Mark Tibergien as CEO of Pershing Advisor Solutions (PAS), and as a member of Pershing’s executive committee. Tibergien, currently a principal and partner in charge of the securities niche at Moss Adams in Seattle and a long-time Investment Advisor columnist, will take on his new duties at the Bank of New York Mellon subsidiary on October 1.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

Ellyn A. McColgan, president of Fidelity Investments Distribution and Operations, has resigned in order to pursue opportunities outside of the company

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com

The Foundation for Financial Planning (FFP) supports a wide range of projects across the U.S. that include pro bono financial advice and outreach programs to a variety of groups including low-income families, high school students, and victims of disasters such as Hurricane Katrina. Fidelity’s National Financial has joined forces with FFP, giving it the opportunity to expand on these projects.

Sponsored By:

DWS Scudder, the U.S. retail brand name of Deutsche Asset Management, provides financial advisors with a comprehensive selection of innovative investment strategies.
www.dws-scudder.com