In some cases, the failure to supervise rests with the adviser, not the firm, senior director says.
Focus hires $250 million team, on the heels of the departure of $550 million team to Raymond James.
30-rep Argentus Securities squeezed by regulatory woes, tight profit margin.
In a dispute focused on real estate investments, the indie B-D and a former broker 'breached fiduciary duty, were negligent,' complaint says. Big award comes with split decision.
Broker-dealers are no longer considered a necessary step on the road to RIA, says Bernard Clark, head of the adviser services division at Charles Schwab.
In the wake of back-to-back deals, the industry is curious about what the REIT czar will buy next.
Three former WJB Capital Group Inc. executives were charged with defrauding investors of more than $11 million in a bid to prop up the now-defunct broker-dealer. The trio pleaded not guilty.
Shares of LPL Financial rallied more than 60% last year and is bucking the broad market trend so far in 2014. At least one analyst has a $60 target. Is that realistic?
Two reports show growing popularity of web-based personal finance startups and discount brokerage platforms in wake of 2008 crisis.
Industry's pain is company's gain; 24 acquisitions since 1997
WJB Capital Group Inc. and two of its top executives settled allegations that it masked the firm's financial difficulties and traded securities without sufficient capital during the two years before it shuttered its doors in January.
Firm has 1,500 affiliated registered reps and advisers; $32B in client assets.
High Risk Broker initiative led to "concentrated effort" and "material results," Finra CEO wrote in letter to Sen. Edward Markey, D-Mass.
Securities America Inc. has launched a succession-and-acquisition-listing website for advisers in its network and for the two other broker-dealers owned by Ladenburg Thalmann Financial Services Inc. Approximately 1,000 advisers affiliated with the two broker-dealers, Investacorp Inc. and Triad Advisors Inc., will join Securities America's 1,760 advisers on the listing site, which is designed to provide a succession-planning network for Ladenburg's aging work force.
The Michigan-based team rejoins the firm after six years away
Deal comes in wake of blockbuster $1.15B acquisition Thursday of Cetera Financial. RCS Capital chairman Nicholas Schorsch <a href="//www.investmentnews.com/article/20140116/FREE/140119918"" target=""_blank"" rel="noopener noreferrer">compared his burgeoning broker-dealer network to the old Merrill and Raymond James</a>.
Dozens of brokers from John Thomas Financial Inc. have found new employers in New York's financial district.
Last year's roaring stock market helped IBD bellwether LPL Financial post record results. The company expects commission revenue from sales of alternative investments such as nontraded REITs to dip from the elevated levels of 2013 but remain solid.
Almost 20% of the 695 advisers who joined the firm last year came from big Wall Street firms. How long will this strategy work?
