Displaying 2459 results
RMD data, Schwab communications roil indie advisors post-TD
Advisors who custodied at TD Ameritrade are adjusting to life under Schwab.
Finra fines Haywood USA $175,000
The regulator's settlement with the US unit of Canadian firm relates to sales of Canadian private placements.
LPL introduces affiliation for advisors targeting wealthy investors
Firm says the favorable economics of this offering contribute to a better advisor experience.
Managing transformative change: Lessons learned
An Osaic executive provides some suggestions on how best to handle large-scale changes in your business.
GWG bond debacle reveals limits in investor protection
Titan Securities is already among the departed. It's not footing the bill for its own funeral.
Wealth management bonuses to increase, bankers hit hard
Wall Street payouts look grim for many but wealth firms should fare better, according to compensation consultants.
Father-son duo joins LPL from Ameriprise
The team at Melville, New York-based Zambri Financial will move into the first Linsco office on Long Island.
Bank of Hawaii broker-dealer firm announces pass-through partnership
Multiyear clearing arrangement described as a win for both firms and clients.
Clients win another GWG bond claim, this time against B-D
"We don’t agree with the decision but, with Finra arbitration, there is no appeal," says William H. McCance, president of Ages Financial Services.
Osaic boosts cash flow in first half of 2023: Fitch
The improvement demonstrates that the giant broker-dealer network, which many believe will seek to go public in the next few years, is moving its cash flow in the right direction.
Robert W. Baird agrees to pay clients $520K for mutual fund charges
The settlement with Baird stems from Finra's 2020 targeted examination regarding rights of reinstatement.
Team from United Planners jumps to LPL
Georgia-based GER Loftin Wealth Advisors oversees $225 million in client assets.
Robbins cuts path that diversifies advice
Rita Robbins, the 2023 recipient of the Alexandra Armstrong Award for Lifetime Achievement, founded Affiliated Advisors 30 years ago, a ground-breaking move in a career that has created new opportunities for women.
Park Avenue Capital announces new president, COO
$2.1B firm is part of Northwestern Mutual's Private Client Group.
Finra arbitrators exonerate Raymond James in scam targeting Ecuadorian investors
'It’s a devastating award, or lack thereof, for the claimants and a massive victory for Raymond James,' says an attorney not involved in the case.
Raymond James taps Perry to lead advisor recruiting
"Perry is a very talented, sharp person, who's been bumped up from recruiter to head of a region to leading a division," says one industry executive.
SEC keeps up pressure on firms’ cash sweep accounts
'Interest rates are coming back, so where you put clients' money in cash is an issue again,' one attorney notes.
Real estate firm that raised money through IBDs blows up
Bellevue, Washington-based iCap focused on developing apartment buildings and stand-alone real estate.
Avantax hit with shareholder suit alleging merger misinformation
The failure to make adequate disclosures is a violation of federal securities laws, according to the complaint.
LPL’s Arnold eyes ‘opportunity’ created by Schwab integration of TD
LPL also hit with $40 million charge related to the SEC's ongoing investigation of electronic communications.
