City Financial Corp., which is being acquired by Stifel, is an independent investment bank focused on wealth management and municipal underwriting in the Midwest.
Many have either been acquired or are trying to become national firms.
As broker-dealers move toward uniform commissions to comply with Labor Department rule, investors could end up paying higher prices than in an unregulated environment. <b><i>(More: <a href="http://www.investmentnews.com/section/fiduciary-focus" target="_blank">The DOL rule from all angles</a>)</i></b>
Brokerage firm failed to notify customers of changes in their account records as a result of a computer coding error, regulator claims.
Texas group had formerly been affiliated with Cetera.
Massachusetts securities regulator says agents for six B-Ds and an RIA submitted unauthorized proxy votes for nontraded REITs controlled by a Nicholas Schorsch firm.
Bad VA switches were supposed to be a thing of the past, but the independent broker-dealer industry should take heed of this fine.
The firm is selling a majority stake of NFP Advisor Services to funds managed by private equity shop Stone Point Capital.
The national advisory firm works with institutional clients such as defined-contribution and traditional pension plans.
The independent broker-dealer is paying restitution for failing to waive sales charges for some retirement plans and charitable organizations, according to Finra.
WestPark Capital CEO Richard Rappaport says Newport Coast Securities is closing and that he is being selective in who he hires from the broker-dealer.
The adviser-owned independent broker-dealer is in “serious discussions” to be acquired by a larger firm, with LPL, Cambridge, and others as potential suitors.
Shine a light on the many talented, successful women who serve as role models and leaders in the industry.
Already expected to spur consolidation among broker-dealers, the DOL fiduciary rule could also hasten RIA mergers.
Decision paves way for its biggest asset, Cetera Financial Group, to emerge as a privately held company.
Life insurance and annuity carriers are focused on growing distribution through brokers. Direct-to-consumer sales, though, reign king.
Anthony Diaz, under federal indictment for fraudulent sales of alternatives, embodies the criticisms of the likes of Sen. Elizabeth Warren.
Latest lawsuit alleges widespread misuse of investor funds abetted by the brokerage firm.
