Independent Broker Dealers

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RIA NEWS MAR 17, 2011
Taking the plunge

Alan Harter's clients started suggesting more than two years ago that he should cut his Wall Street ties and become their independent investment adviser

By Liz Skinner
INDEPENDENT BROKER DEALERS MAR 13, 2011
Reach out and ask somebody

Seek out advice from others who have gone out on their own

By Andrew Osterland
INDEPENDENT BROKER DEALERS MAR 09, 2011
B-Ds gird for increased product scrutiny

By Darla Mercado
INDEPENDENT BROKER DEALERS FEB 28, 2011
Some broker-dealers scramble for capital

Broker-dealers without big corporate parents or the ability to tap public markets are making an all-out effort to raise capital, in some cases turning to their own clients for financing.

By Bruce Kelly
INDEPENDENT BROKER DEALERS FEB 25, 2011
Compliance costs cap New York indie B-D

In what's become an all-too-familiar scene, another small, indie brokerage is closing up shop. Ensemble Financial Services Inc., located in Pittsford, N.Y. will soon be shuttering its B-D operation -- and its 85 registered reps will be moving on.

By Bruce Kelly
INDEPENDENT BROKER DEALERS FEB 25, 2011
Two broker-dealers capitalize on QA3's demise

Two broker-dealers have emerged as early winners in the fight over the 400 representatives affiliated with QA3 Financial Corp., which officially shut down Friday

By Bruce Kelly
INDEPENDENT BROKER DEALERS FEB 25, 2011
Indie B-D picks up 32 QA3 reps

Securities Service Network Inc. is the latest broker-dealer to pull the plum out of the pie of the defunct <a href= http://www.investmentnews.com/section/broker-dealer-data-profile&amp;R=290006&amp;Y=2009 >QA3 Financial Corp.</b>

By Bruce Kelly
INDEPENDENT BROKER DEALERS FEB 18, 2011
&lt;font color=red&gt;INTV:&lt;/font&gt; Is a broker hiring boom just getting under way?

Independent broker-dealers depend on hiring new advisers to keep their businesses growing -- and in 2011 they're likely to ramp up recruiting in the first half before the onset of new Dodd-Frank rules, according to an <i>InvestmentNews</i> analysis.

By Mark Bruno
&lt;font color=red&gt;INTV:&lt;/font&gt; One B-D's secret for recruiting top-producing advisers
INDEPENDENT BROKER DEALERS FEB 18, 2011
&lt;font color=red&gt;INTV:&lt;/font&gt; One B-D's secret for recruiting top-producing advisers

Among the largest independent broker-dealers, Commonwealth Financial Network has the highest concentration of financial advisers who produce more than $500,000 annually, according to InvestmentNews <a href=http://www.investmentnews.com/section/broker-dealer-data>data. And it's reached the top by getting people out the door: Namely, its advisers.

By Mark Bruno
Why Edward Jones could add 2,400 new reps this year
INDEPENDENT BROKER DEALERS FEB 17, 2011
Why Edward Jones could add 2,400 new reps this year

Brokerage firm Edward Jones this week announced that it plans to add up to 20 branch offices to the more than 60 it has in the state of Utah.

By Andrew Osterland
INDEPENDENT BROKER DEALERS FEB 06, 2011
Can LPL hit its recruitment target - and at what cost?

Mark Casady, chief executive of LPL Investment Holdings Inc., has reiterated aggressive growth targets for the country's largest independent broker-dealer

By Andrew Osterland
INDEPENDENT BROKER DEALERS FEB 01, 2011
&lt;font color=red&gt;INTV:&lt;/font&gt; The top fund families sold by indie B-Ds

Branding trumps performance in the fund world, according to the results of the latest <i>InvestmentNews</i> broker-dealer survey. Advisers prefer American Funds, despite spotty performance, while Vanguard emerges strong. <a href=http://www.investmentnews.com/article/20110123/REG/301239996&amp;issuedate=20110121&amp;sid=BD0121) More on the mutual fund results here,</a> and more on the <a href=http://www.investmentnews.com/section/specialreporttemplate?sid=BD0121&amp;issuedate=20110121>B-D special report here.</a>

By Mark Bruno
INDEPENDENT BROKER DEALERS JAN 31, 2011
&lt;font color=red&gt;INTV:&lt;/font&gt; How indie B-Ds are ramping up on recruits

The ranks of independent broker-dealers grew 4.7 percent in 2010 and in an industry dependent on high-touch financial advice, bigger means better in terms of bringing in new business.

By Mark Bruno
Money fund industry aims to foist reporting burden onto B-Ds
RIA NEWS JAN 12, 2011
Money fund industry aims to foist reporting burden onto B-Ds

To avoid future panics in money market funds, the mutual fund industry is calling on federal regulators to force broker-dealers to disclose information about their money fund clients.

By Jessica Toonkel
INDEPENDENT BROKER DEALERS JAN 12, 2011
How allegedly fraudulent investments have put some B-Ds in 'a world of hurt'

Some of the broker-dealers that sold allegedly fraudulent private placements appear to have allowed their net-capital positions to fall dangerously low, a situation that could threaten their existence if they have to pay large legal claims.

By Bloomberg
INDEPENDENT BROKER DEALERS JAN 11, 2011
Employee advisers rate Edward Jones best, MSSB worst in B-D satisfaction

Edward Jones is tops and Morgan Stanley Smith Barney LLC the worst in terms of financial adviser satisfaction at six national broker-dealers, according to a J.D. Power and Associates Survey released last Friday

By Jessica Toonkel
INDEPENDENT BROKER DEALERS JAN 02, 2011
Cold-calling brokers dial wrong numbers

By Bruce Kelly
INDEPENDENT BROKER DEALERS DEC 29, 2010
LPL advisers use IPO to diversify

Looking to diversify and raise cash to pay taxes, big-producing and long-tenured advisers affiliated with LPL dumped shares and cashed out during the company's initial public offering this month.

By Bruce Kelly
INDEPENDENT BROKER DEALERS DEC 29, 2010
Voter backlash could preserve indie reps' employment status

Voter backlash could preserve indie reps' employment status

By Bruce Kelly
INDEPENDENT BROKER DEALERS DEC 22, 2010
Chicago B-D, with 90 reps and $200M, set to shut

Another small broker-dealer is closing its doors due to not having enough capital on hand to meet industry rules to remain open for business &#8212; <a href =http://www.investmentnews.com/apps/pbcs.dll/section?category=specialreporttemplate&amp;issuedate=20100616&amp;sid=bddown>at least the seventh B-D to shut down this year</a>.

By Bloomberg