Results for "independent broker-dealers"

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DOL seeks to delay fiduciary rule until July 2019

August 9, 2017

Supporters of the Labor Department's fiduciary rule are calling an 18-month implementation delay too long, while opponents are saying the postponement is needed to give the agency time to review the rule. In a brief filed in a Minnesota lawsuit...

Independent broker-dealer Vanderbilt revamps to focus on impact investing

July 25, 2017

An independent broker-dealer with roots dating back 52 years, Vanderbilt Financial Group is growing a new reputation for itself by committing to the socially responsible investing space. The Woodbury, N.Y.-based firm calls itself the sustainable...

Top independent broker-dealers by payout

June 15, 2017

Which independent broker-dealers pay the most? InvestmentNews Research surveyed IBD firms to find out which had the highest average payout per rep. Click through to find out which firms topped the list for 2016 and how their payout compares...

As DOL fiduciary rule takes effect, B-Ds focus on compliance

June 9, 2017

After seven years of rule-making fraught with political intrigue, intense lobbying and an abundance of conjecture, the Labor Department's fiduciary rule is getting its day in the sun. Today marks the beginning of a phased implementation period...

DOL fiduciary rule pushing broker-dealer assets to fee-based accounts, away from commissions

May 24, 2017

There's been a marked shift in the allocation of broker-dealer client assets in the year since the Department of Labor issued its fiduciary rule. Largely, the shift has seen assets flow into advisory accounts, which assess a level fee based...

Cambridge loses $120 million team to LPL

May 22, 2017

A five-person hybrid advisory that manages $120 million in assets has switched affiliation from Cambridge Investment Research to LPL. Based in Reading, Pa., and operating as CFG, the team is led by Michael Krumholz and includes adviser Sheila...

Advisor Group units fined for capital violations

May 4, 2017

Four units of the Advisor Group have been censured and fined by Finra for miscalculating their advisory fee income, resulting in net capital deficiencies and financial reporting inaccuracies. According to a letter of acceptance, waiver and consent,...

Independent broker-dealers with the least revenue growth

May 3, 2017

Here are the 10 independent broker-dealers with the least revenue growth from 2011 to 2016. This data was collected from firms that participated in InvestmentNews' independent broker-dealer surveys. Click through to find out which firms saw...

Fastest-growing independent broker-dealers by revenue

May 2, 2017

Here are the top 10 independent broker-dealers by revenue growth from 2011 to 2016. This data was collected from firms that participated in InvestmentNews' independent broker-dealer surveys. Click through to find out which firms saw the most...

Raymond James CEO Paul Reilly talks taxes and the firm's earnings

April 27, 2017

President Donald J. Trump's proposal this week to cut the tax rate to 15% for pass-through businesses, under which many independent financial advisers operate, "came out of the blue and was a surprise" and, if enacted, would be a boon to those...

Ameriprise buying bank broker-dealer, adding 200 registered representatives

April 24, 2017

Taking a page from competitors like LPL Financial and Cetera Financial Group, Ameriprise Financial Inc. said on Monday it had agreed to buy Investment Professionals Inc., an independent broker-dealer based in San Antonio, Texas, that focuses...

Top independent broker-dealers by revenue and payout

April 23, 2017

Top 50 IBDs ranked by 2016 revenue Bubble view By group Table view Firm 2016 revenue ($M) % change vs. 2015 2016 commission revenue ($M) % change vs. 2015 2016 fee revenue ($M) % change vs. 2015 2016 other revenue ($M) % change vs. 2015 1 LPL...

Independent broker-dealer revenue on the decline

April 22, 2017

InvestmentNews' research team examined how 57 independent broker-dealers, who have participated in our in-depth survey every year since 2011, have fared through a shifting financial advisory landscape. In 2016, independent broker-dealers saw...

Independent broker-dealers hit a wall

April 22, 2017

As commission revenue continued its decline in 2016 and headwinds from regulators stiffened, the independent broker-dealer industry hit a wall, with the top 25 firms — those with roughly $250 million and more in total revenue — collectively...

Berthel Fisher, once again, in hot water with Finra for failing to supervise sales

April 20, 2017

Three years ago, the Financial Industry Regulatory Authority Inc. fined a mid-sized independent broker-dealer, Berthel Fisher & Co. Financial Services Inc. and an affiliate firm, a whopping $775,000 for a variety of failures to supervise sales...

What independent financial advisers need from broker-dealers when it comes to the DOL fiduciary rule

April 14, 2017

Predicting what may happen to the Department of Labor's fiduciary rule has become the industry's favorite parlor game. Every week we see industry pundits, third-party recruiters and other consultants publicly opining about the rule. And with...

How independent broker-dealers can help advisers win new clients

April 3, 2017

Through the years, one of the differentiating elements of the independent retail financial advice space has been that independent financial advisers are almost entirely responsible, at the end of the day, for engaging and winning new client...

National Holdings Corp. acquires independent broker-dealer WFG Investments

March 14, 2017

In the midst of a punishing business environment for small and mid-sized broker-dealers, National Holdings Corp. said on Monday it was acquiring select assets of Williams Financial Group of Dallas, including its independent broker-dealer, WFG...

Jim Putnam returns to LPL as chairman of the board

March 8, 2017

James "Jim" Putnam, a key architect in the 1980s and 1990s to building LPL Financial and overseeing its tremendous growth, has returned to the company as full-time chairman of LPL Financial Holdings Inc. Considered by many to be LPL founder...

3 questions independent broker-dealers should ask private equity product sponsors

February 13, 2017

Just two years ago, non-traded real estate investment trusts and business development companies were in favor among retail investors seeking increased opportunities for yield. Since then, a combination of increased regulatory complexity, negative...

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