A broker who had a client invested in the private-equity shop that was acquiring Burger King was ordered to pay $5.6 million to settle insider trading charges related to the deal.
Firm has 1,500 affiliated registered reps and advisers; $32B in client assets.
Investors shifted record amounts out of U.S. stock funds and into bonds, while withdrawing money from emerging-market equities for a 15th straight week
The SEC's recent whirlwind of regulatory alarms prompts the question of whether under Chairman Mary Jo White, the agency is biting off more than it can chew.
Investors turn to alternative-asset class as stocks stay high and bond yields remain low
A new plan for Barclays advisers offers a more even ratio between salaries and bonuses. The payout grid remains in place, but it's not the same. <b><i>Plus:</b> <a href="http://www.investmentnews.com/gallery/20131119/FREE/111909999/PH">How adviser salaries stack up vs. other jobs</b></a></i>
A robo-adviser is expanding its footprint into fee-based portfolio management for the first time, further heating up a battle among startup companies looking to corner the market on automated investment advice for the masses.
While there's a perception that transitioning to independence commences and concludes in one fell swoop, in reality it unfolds in three distinct phases over a multiyear period.
High Risk Broker initiative led to "concentrated effort" and "material results," Finra CEO wrote in letter to Sen. Edward Markey, D-Mass.
Securities America Inc. has launched a succession-and-acquisition-listing website for advisers in its network and for the two other broker-dealers owned by Ladenburg Thalmann Financial Services Inc. Approximately 1,000 advisers affiliated with the two broker-dealers, Investacorp Inc. and Triad Advisors Inc., will join Securities America's 1,760 advisers on the listing site, which is designed to provide a succession-planning network for Ladenburg's aging work force.
Former wirehouse exec replacing Kornreich, who will focus on finance, M&A.
The Michigan-based team rejoins the firm after six years away
The newly appointed head of the wirehouse is reorganizing the firm's top brass.
As client relationships become more complex, successful firms are embracing smarter ways to manage them.
Offerings are attractive because the U.S. dollar is expected to rise against other currencies as the Fed tapers bond-buying program
How much do wholesalers know about advisers? And what are they telling the competition?
Citing weak but recovering economy, monetary policy, Nuveen's Doll says, "We have been in the sweet spot for some time, and it is likely to continue."
“The experience of the marketplace this past week is going to be indicative of this entire year,” Mr. Fink told a panel at the World Economic Forum in Davos, Switzerland. “We're going to be in a world of much greater volatility.”
Clients of advisers saw some stock gains, but bonds held them back, website for investors finds.
Deal comes in wake of blockbuster $1.15B acquisition Thursday of Cetera Financial. RCS Capital chairman Nicholas Schorsch <a href="//www.investmentnews.com/article/20140116/FREE/140119918"" target=""_blank"" rel="noopener noreferrer">compared his burgeoning broker-dealer network to the old Merrill and Raymond James</a>.
