In a good sign for the industry, recruiting came roaring back in the third quarter for LPL Financial, which added 154 net new registered reps and advisers. CEO Mark Casady says recruits came 'from all over.'
John Cronin will oversee supervisors in the Northeast; 'it's like hiring an IRS guy to be your CPA.'
Joins Cetera CEO Valerie Brown in ranks of women running top broker-dealer networks.
Larry Roth splits Advisor Group to join Nick Schorsch's B-D, marking the latest step in American Realty Capital's expansion beyond nontraded REITs. Bruce Kelly has the story.
Independent broker-dealer Berthel Fisher & Co. Financial Services Inc. scored a victory this month in an arbitration over an investor seeking $934,000 in restitution for investing in a real estate deal involving an office building in Minnesota.
Investors across all wealth tiers are more accepting of online advice models, such as self-directed platforms, Cerulli reports.
Pays fine, accepts suspension but B-D already closed, securities license dropped.
That's how a forensic accountant described the financial condition of superstar adviser Don DeWaay, who today agreed to a $3M settlement with investors.
Pretax income up 44%, while revenue climbed 12%.
Inland American offers shareholders a way to cash out, but place limits on the buyback and values shares at no more than $6.50 a share.
Across the industry, executives share concerns: generational shifts, regulation and how to update legacy platforms.
The parent company of Southwest Securities, SWS Group, received $7-a-share offer from Hilltop Holdings. The offer was a 16% premium to the stock's closing price on Thursday. Bruce Kelly has the story.
Beacon finds 'client onboarding' has replaced social-media archiving as brokers' biggest technology challenge.
Move designed to create distance between investment creation and distribution.
Shares of company nontraded REIT czar is using to build a B-D empire have more than doubled since beginning of December .
Database omits bankruptcies, tax liens, and other vital information, lawyers group claims
Finra reports that suitability fines and customer complaints have dropped as the financial crisis has faded further into the rearview. It's not all smooth sailing, however, as new regulatory priorities have emerged.
Combined company is the largest publicly traded net-lease REIT, with value of $21.5B
HighTower Alliance to offer independence, access to firm's investment platform, BD services.
Stifel, subsidiary broker-dealer agree to pay fines and restitution for sales of nontraditional funds.
