Results for "broker-dealers"

Displaying 3,482 results

Sort: Date | Relevance

Author:

Raymond James executives call on industry to keep broker protocol

November 17, 2017

Financial advisers and securities industry executives widely expect that another large firm will follow Morgan Stanley's decision last month to dump the broker protocol, a move widely considered to discourage the firm's 15,759 brokers from jumping...

Finra bars no-show ex-Woodbury rep

November 17, 2017

The Financial Industry Regulatory Authority Inc. has barred Robert H. Hoffmann, a former broker with Woodbury Financial Services, for failing to take part in an investigation looking into his trading recommendations. In October, Finra staff...

Financial Focus takes $446 million in assets from NPC to Securities America

November 16, 2017

Financial Focus, a hybrid RIA managing $446 million in assets in Carlsbad, Calif., has switched affiliations from National Planning Corp. to Securities America. The all-female advisory firm, founded in 1984, specializes in serving women investors....

Finra bars ex-broker for private securities deals

November 16, 2017

The Financial Industry Regulatory Authority has barred former broker Jerry Lou Guttman for engaging in private securities transactions without his firm's prior approval. From 2001 until this past September, Mr. Guttman was associated with United...

'Affiliation arbitrage' is a bad reason to go RIA

November 16, 2017

The past several years have witnessed a surge in the number of independent financial advisers who have established their own RIAs – often motivated by the desire to achieve a form of "affiliation arbitrage." By sidestepping broker-dealer and...

Finra fines Horner Townsend & Kent $275,000 over VA sales

November 15, 2017

The Financial Industry Regulatory Authority censured Horner Townsend & Kent and fined the Horsham, Penn.-based firm $275,000 for failure supervise its brokers' sales of variable annuities. Specifically, Finra said that the firm had not adequately...

Wells Fargo requires advisers to use level fees for new 401(k) business

November 14, 2017

Wells Fargo Advisors is requiring that financial advisers servicing 401(k) plans do so in a level-fee arrangement for new business, as have other large brokerage firms, in response to the Department of Labor's fiduciary rule. "We have moved...

RBC Wealth Management on recruiting roll

November 14, 2017

RBC Wealth Management is on a recruiting tear in 2017, as its recruiting bonus remains one of the most attractive on Wall Street, according to industry sources. According to data compiled by InvestmentNews, RBC Wealth Management successfully...

To 'fix' the broker protocol, bring in the SEC

November 14, 2017

The foundation of the Protocol for Broker Recruiting, and indeed the stated purpose, is to support client freedom of choice, to permit clients to move with their adviser when they change employment. By joining the protocol, member firms agree...

Brokers managing $366 million at credit union affiliate with Lincoln

November 13, 2017

Kevin J. McDermott and John G. Kane, whose team managed $366 million at Citadel Federal Credit Union in suburban Philadelphia, have created Delphi Wealth Management Group and affiliated with Lincoln Financial's independent broker-dealer. Delphi,...

Say goodbye to IBDs, and hello to 'IAB firms'

November 13, 2017

Sometimes inertia wins the day on issues such as nomenclature. Perhaps one of the most obvious examples of this can be found in how many independent firms across the retail financial advice space continue to describe themselves as an "independent...

Can Robert Moore save Cetera?

November 11, 2017

Cetera Financial Group's Halloween office party this year, CEO Robert Moore dressed up as the Cowardly Lion from the "Wizard of Oz." A more appropriate costume might have been Hercules, who famously completed 12 labors as a penance, since many...

How confusing are the fees brokers charge?

November 9, 2017

Financial advisers get itchy when talking about fees they charge clients. They tend to sweat a bit, looking down at the ground like it was littered with hundred dollar bills. In other words, fee chat makes some advisers uncomfortable. It's no...

LPL loses another big team to Securities America

November 9, 2017

Securities America Inc. has snagged another large branch of advisers formerly affiliated with National Planning Holdings, the broker-dealer network LPL Financial bought in August for $325 million. Part of the Ladenburg Thalmann Financial Services...

Clayton: SEC targets 'complex, hidden fees'

November 8, 2017

Securities and Exchange Commission Chairman Jay Clayton said on Wednesday the agency is targeting complex and hidden fees that can harm investors — both through enforcement and by clarifying disclosure requirements. In a speech at a Practising...

Finra bars former AXA broker for no-show

November 7, 2017

The Financial Industry Regulatory Authority has barred Adam Ocner, a former broker with AXA Advisors, for not providing the organization with information it requested. Finra, in a letter of acceptance, waiver and consent, said that it was investigating...

A $1 billion super OSJ leaves NPC for Royal Alliance

November 7, 2017

Strategic Partners, an office of supervisory jurisdiction that administered more than $1.1 billion in assets while affiliated with National Planning Corp., has affiliated with Royal Alliance Associates, part of the Advisor Group. Founded by...

Breakaway broker deals a drag on M&A activity in third quarter

November 7, 2017

A recent slowdown in the pace of reps leaving brokerage firms is seen as largely responsible for the sudden dip in merger and acquisition activity in the advisory space, according to the latest report from DeVoe & Co. The question now, is whether...

Finra reform getting traction in Washington

November 6, 2017

In a Washington dominated by partisan battles over health care and tax reform, something much lower profile but perhaps more important to brokers may be gaining momentum: Finra reform. The Financial Industry Regulatory Authority Inc., the industry-funded...

Super OSJ managing $744 million leaves NPC

November 6, 2017

Elite Financial Network, an independent hybrid RIA and Super OSJ whose 35 advisers manage $744 million in advisory and brokerage assets, has switched affiliations from National Planning Corp. to Securities America. Based in Huntington Beach,...

Next Page »

1 | 2 | 3 | 4 | 5 ... 175