Competition for deals increases as more buyers are chasing fewer sellers across the independent broker-dealer space.
After more than 25 years at the firm, Chet Helck, CEO of Raymond James private-client group, says he's ready to step down. But the executive will remain as a special senior adviser at the firm through the end of the year.
A little more than a year after Raymond James introduced its Goal Planning and Monitoring software powered by MoneyGuidePro to its advisers, the firm reports that the software has been used to create 50,000 financial plans.
Trading in shares of National Holdings Corp. has surged, and the stock price has rallied sharply, leading some industry observers to wonder if an acquisition might be imminent.
Acquisition from MetLife added 800 advisers, more than $25B in assets.
Edward Jones is launching a proprietary fund. The bigger question is why?
Nicholas Schorsch and RCS Capital Corp. continue their blistering pace of broker-dealer acquisitions, announcing the acquisition of Summit Financial Services Group Inc. for $49 million in cash and stock.
The New York-based trio works with more than 2,000 clients and plans to grow
Plus: Elizabeth Warren vs. Wall Street, emerging markets see downside of credit boom, and the realities of alternative energy investments. All in Breakfast with Benjamin.
Two advisers, who together managed about $4.38 billion, join from NorthStar Financial Partners.
Finra on Wednesday ordered midsize independent broker-dealer J.P Turner & Co. to pay more than $700,000 in restitution to clients who complained about unsuitable sales of leveraged and inverse exchange-traded funds and excessive mutual fund switching by one registered representative.
LPL service will allow retirement plan sponsors to shed participants who can't be located or who are nonresponsive.
Finra is considering raising the fees related to pursuing an arbitration claim against a brokerage firm in order to increase the pay for people who hear the cases.
Bill Schwartz, an independent adviser who broke away from Merrill Lynch, says he understands why advisers stayed at wirehouses five or 10 years ago. But today, the game has changed.
PlanMember Financial's 400 reps work with school district, nonprofit retirement plans.
From tech systems advisory firms plan to replace to what social networks indie brokers say they use the most, here are five big technology trends impacting independent broker-dealers.
PFS Investments Inc. this year has batted away a handful of similar arbitrations stemming from brokers' mismanagement of public pension plans in Florida.
