Ranked by number of B-D clients
NFP Securities Inc., which in the past has targeted its brokerage services to the insurance agencies and financial planning firms owned by its parent, National Financial Partners Corp., is re-branding itself to attract a broader base of hybrid advisers and registered investment advisers.
Purchase will boost indie B-D's new unit targeting the mass market
50% drop in broker comp makes the case for going independent
Boss of Wells Fargo indie B-D shifts to affiliated clearing business
It's another big win for LPL, as star adviser Erin Botsford leaves DeWaay Financial and hooks up with the big indie B-D
Indie B-D Brookstone Securities ceased operations last night, just weeks after a Finra panel ordered it to pay $2.6M in fines and restitution for selling CMOs to seniors. Sources claim the brokerage's reps were not paid today.
Next Financial Group Inc. has agreed to pay $2 million in restitution to clients who bought oil and natural gas private placements of Provident Royalties LLC.
Moving from Wells Fargo's Financial Services Group to indie B-D
Wells Fargo B-D aims to reward reps who bring in new business; no longer 'recruit or die'
Additional features aimed at boosting ease of use, robustness of adviser database
Arnold named CFO; currently head of strategy
Brokerage ordered to pay $3.7M for jacking up prices on tax-exempt bonds and CMOs; head trader suspended
