Displaying 187 results
Advisers bemoan LPL’s technology platform change
Those in a private LinkedIn chat room were sounding off about fears the independent broker-dealer will require a move to ClientWorks before it is fully ready.
As LPL buys broker-dealers, its rivals also benefit
Competitors like Cetera and Advisor Group are seeing recruiting gains from LPL's NPH purchase.
Wells Fargo, Morgan Stanley use contrary tactics to keep advisers
Wells is helping brokers transition to independence within the firm, while Morgan is taking them to court.
Massive investment fraud fueled by slick marketing, hot dinners
When advisers make the claim that an investment product has no risk and is crash proof, it is a clear, almost blazing red flag that the investment is a potential fraud.
Stripped of fat commissions, nontraded REIT sales tank
The "income, diversify and interest rate" pitch was never the main draw for brokers.
What really deters women from staying in the financial advice profession
First of all, it's not about math! The real issues involve pushing poor products, no workplace flexibility and old-school bureaucracy.
Broker protocol for recruiting a boon for clients
New research finds advisers whose firms have joined the agreement take better care of customers.
How confusing are the fees brokers charge?
Although a common cost estimate is 100 basis points of assets under management, a new Personal Capital report finds advisory fees at large firms ranging from 1.25% to 3%.
Wedbush Securities, once again, in trouble with regulators
How do firms and brokers or executives continue to make the same sorts of mistakes while Finra and the SEC consistently miss the transgression?
Painful end for advisers who bought RCAP shares
The fate of Nicholas Schorsch's companies holds lessons for brokers who buy stock in their employers' firms.
Odd letter highlights fiduciary concerns in Puerto Rico
Oriental Financial Services sold the island commonwealth's triple-tax-free bonds, then dismissed a client when it was sued over the risky securities.
Dawn Bennett’s alleged Ponzi a sign of dark times
Is Ms. Bennett's alleged scheme a harbinger of other such frauds?
Plenty of advisers eager to scoop up ‘orphaned’ accounts
A central argument against the DOL fiduciary rule is that investors with smaller accounts will be abandoned. But many advisers stand ready to serve them.
LPL’s new CEO intent on moving beyond problems
Dan Arnold strikes a sunny tone at B-D's annual Focus meeting.
DOL regulation translates into pay cut for some advisers
Reduction in compensation begs question of whether rule is being twisted to bolster broker-dealers' bottom lines.
Nick Schorsch’s presence at Brian Block’s trial unseen, but keenly felt
Testimony at Block trial places REIT czar at center of alleged conspiracy.
Reforming compensation practices in the retail alternatives space
Independent broker-dealers and RIA firms need to encourage the proliferation of new cost and compensation practices.
Are brokers really ready to be fiduciaries?
The securities industry faces plenty of legal risks and compliance pitfalls following June 9, the official start date for the DOL fiduciary rule. Plus, what you need to know from the DOL's latest FAQs.
Independent broker-dealer Triad Advisors sues former advisers
Firm takes action against former advisers for allegedly violating terms of promissory note
Berthel Fisher, once again, in hot water with Finra for failing to supervise sales
The mid-sized IBD again allegedly failed to supervise sales, this time of UITS
