Displaying 187 results
Bad old habits die hard for nontraded REITs like Lightstone Group
The Lightstone REITs are asking shareholders to strip away their own rights without any clear plan to liquidity or upside, critics say.
Amid 2022 slowdown, RIA and tech SPAC deals sputter
The promise of cold, hard cash tends to speed up time but how does that work in a bear market?
Women take the lead at Advisor Group
The imperative for having more women in charge of brokerage and advisory firms is pretty clear — in the future women will control more of the nation's wealth.
B-D advisers had a soft landing in the first half, despite bear market
The S&P 500 was down almost 21% over the first six months of the year, but financial advisers at big firms didn't crash and burn.
Link to RIAs is most compelling angle of the KWAC SPAC deal
Broker-dealer aggregator Wentworth's deal to go public via SPAC Kingswood Acquisition Corp. raises a number of questions.
Wells Fargo used fake job interviews to promote diversity: Report
The job interviews seemed designed to bolster Wells Fargo's record of its diversity efforts rather than actually hiring women or people of color, the New York Times reported.
Broker picked wrong time to boost bet on GWG bonds
Broker-dealers kept selling GWG's life settlement-backed bonds for years despite all the accounting and reporting static coming from the company.
Will 2022 see an RIA white whale — a mega mega-deal?
When will one of the 40 or so large strategic buyers of registered investment advisory firms emerge from the depths to swim with another?
Silence is not golden for GWG bondholders
When asked whether GWG's L Bonds were in default, a company spokesperson declines to comment.
The advice industry went to Fat City in 2021
Despite last year’s riot at the Capitol and a variety of lethal Covid-19 variants, the broad stock market roared, which is always good news for financial advisers and their firms.
Wall Street’s latest to hook independent advisers? Alternatives
Up until recently, major global firms had happily ignored independent advisers for decades.
Big questions out there for Advisor Group
Advisor Group last week lost a star financial adviser, Kevin Myeroff. That's always a delicate time for a broker-dealer network.
With the rise of RIAs, recruiters must change their game
Recruiting is no longer a straight-up proposition, such as moving a wirehouse adviser from Merrill Lynch to UBS, or vice versa.
Diversity in financial advice: Recruiting priority or PR play?
Press releases touting recent hires fall short in the effort to make the financial advice industry more diverse.
Wirehouse CEOs muse about RIAs and competition
James Gorman of Morgan Stanley and Charlie Scharf of Wells Fargo both took time during their earnings conference calls to share some thoughts about their RIA competitors.
The demise of Worden Capital signals danger for investors and harm to the industry
Unpaid arbitration awards have been a consistent stain on the retail securities industry. Brokers have been walking away from paying investors for years.
Break up Wells Fargo? OK, but what are its advisers worth?
Wells Fargo Advisors could fetch more than $20 billion in this high-demand market for wealth management firms.
American Century rigs hiring at its employees’ expense
I thought we were all supposed to be free-wheeling capitalists in the financial advice industry — unless you recently worked for mutual fund giant American Century Companies and at least one of its local competitors.
Here’s why TIAA can no longer play by its own rules
Times have changed as the giant money manager for professors puts a $97 million penalty behind it.
To truly be diverse, the advice industry first needs a true tally of advisers
How can the financial advice industry know whether its attempts to hire more women, Blacks, Latinos and Asians are working if there is no accurate, unified measure of success or failure?
