Moving in to new position as executive VP for national sales.
In a head-turning move, newcomer to the independent broker-dealer industry Nicholas Schorsch is pulling off the largest independent-broker-dealer acquisition in years, with a cash deal to buy Cetera Financial Group.
Bringing light and due diligence should be a priority for the investment advice industry.
Plans to help Edgerton & Weaver, which specializes in representing B-Ds, RIAs and registered reps, build its consulting business.
One of Nicholas Schorsch's RCS Capital broker-dealer subsidiaries has an analyst questioning its future management structure after a change in the B-D's leadership.
No reason given for Donald Runkle's departure; worked at firm for 21 years.
A new initiative has the regulator looking at private placements more closely and in real time.
Since the credit crisis, the financial advice industry has been littered with the dead shells of IBDs that sold fraudulent private placements before the crash. Berthel Fisher has survived. Bruce Kelly has the story.
Industry vet says the future lies in retail, with baby boomers retiring and workers being moved to defined contribution plans away from pensions.
