Brokers who make large drawdowns from their investment accounts may be showing their hand before breaking away.
Independent advisers continue to be happier at work than their colleagues who are employees of broker-dealers but the gap in job satisfaction among the two groups is narrowing. <i><a href="//www.investmentnews.com/gallery/20140630/FREE/630009999/PH"" target=""_blank"" rel="noopener noreferrer">See how your firm ranks</a></i>
<i>InvestmentNews</i>' four must-read stories of the week cover this ecclectic set of 'R' subjects.
B-D says new deal will result in cost savings comparable to what it would have realized had it moved clearing in house.
The indie B-D behemoth is facing more turnover at the top, this time among its team of investment management professionals.
RCS Capital has plenty of leverage as it negotiates with the clearing giant, but millions of dollars hang in the balance. <b><i>More: <a href="http://www.investmentnews.com/section/specialreport/20140810/CLEAR">The latest clearing and custody trends</a></b></i>
Changes to Worksite Financial Solutions will enable participants to access plans on mobile devices.
Star broker has moved to Wunderlich Securities following termination.
Burt White is sticking to his previous call that stocks will produce 10% gains in 2014, with room potentially to move slightly higher.
Nicholas Schorsch has returned to wheeling and dealing, with the broker-dealer he controls, RCS Capital Corp., announcing it has agreed to buy VSR Financial Services, an independent firm known for selling alternative investments.
Lower broker-dealer bond inventories and growing use of high-yield funds could test markets, increase price swings.
Larry Roth's old firm might be the next target for Nick Schorsch's hard-charging broker-dealer, says senior columnist Bruce Kelly. <i><a href="//www.investmentnews.com/gallery/20140116/FREE/116009999/PH"" target=""_blank"" rel="noopener noreferrer">Plus: See the biggest recent indie B-D M&A deals</a></i>
Forget the S&P 500 and its 175.7% return since 2009. Investors who bought shares of publicly traded IBDs back then would have beaten that stunning rally. <i>Don't miss: <a href="http://www.investmentnews.com/gallery/20140430/FREE/430009999/PH" target="_blank">10 best-paying independent broker-dealers</a></i>
Firm's head of retail, Robert Okin, resigned last week. On his BrokerCheck page, he says that he "intends to vigorously defend himself if charges are filed."
LPL Financial last month was hit with a $2 million fine, and ordered to pay $820,000 in restitution, for failing to maintain adequate books and records documenting variable annuity exchanges.
Benjamin W. Wong jumps ship as LPL begins absorbing his former firm.
Lebenthal Holdings stands to triple the size of its new wealth management unit with the acquisition of the business of two Morgan Stanley brokers. But that's just the beginning, if CEO Frank Campanale has his way.
Sunset Financial Services has 268 affiliated reps and $2.4 billion in client assets.
