Consolidation among independent broker-dealers is inevitable, according to Cetera Financial Group chief executive Valerie Brown, and the inability or unwillingness of firms to stay open is benefiting her firm.
Advisers who continue to put off developing and implementing a succession plan are being shortsighted.
Three former brokers at an Atlanta investment firm churned client accounts and racked up $845,000 in commissions and fees for themselves and the brokerage while those customers lost $2.7 million, regulators said.
New survey reveals how prudent planners go about reaching their retirement goals
Luparello headed to law firm; sixteen years at the SRO
Association wants to make it easier for brokers to clean up their official records
Tumult on the variable annuity scene is dampening sales at broker-dealers, raising some concerns about the impact on revenue.
In a bid to cut costs, MSSB plans to substantially pare the number of its complexes. The brokerage also plans to shrink the ranks of its nonproducing managers.
Unhappy with 3D platform, report claims
