The Financial Industry Regulatory Authority Inc. could oversee registered investment advisers through a separate governance structure, according to Richard Brueckner, a longtime member of the self-regulatory organization's board.
Registered investment advisers are starting to increase compensation levels at their firms — and are also spending more on employee benefits — according to a survey from TD Ameritrade Institutional.
In yet another shakeup at the company, Scott Dell'Orfano adds relationship management to his duties, while Ron Fiske takes on the clearing unit.
Recruited from Charles Schwab Corp., Mr. Goldman will be leaving Fidelity after just one year.
BNY Mellon on Friday said it reached a deal to buy I(3) Advisors of Toronto, an independent company with more than C$3.5 billion ($3.4 billion) in assets under advisement.
Bank of New York Mellon Corp. named Lawrence Hughes head of its wealth-management unit, replacing David Lamere, who resigned.
Matthew Gelfand, former Fed hand, signs on with family office firm
Rockefeller & Co., Inc., the wealth management firm that has been looking for a chief executive since the suicide of CEO James McDonald last fall, has changed its name to Rockefeller Financial.
Penson Worldwide Inc. said that it expects its U.S. securities-clearing subsidiary, Penson Financial Services Inc., to begin serving accounts of Ridge Clearing and Outsourcing Solutions Inc. on or about June 25.
Officials for Silver Bridge Advisors LLC said today they to plan to purchase a San Francisco-area investment adviser, adding that their firm has created a separate entity to better market itself to wealthy families and family offices.
Soltis Investment Advisors is consolidator's 10th deal
UBS Wealth Management Americas said it will offer clients in its separately managed account program asset allocation ideas from Richard Bernstein Capital Management LLC, a registered investment adviser, whose eponymous founder was formerly Merrill Lynch & Co. Inc.'s chief investment strategist.
Fabeetle.com, a website that allows clients to rate, review and research financial advisers, has the potential to become a third-party search and marketing hub for both consumers and advisers that one day could compete with Finra's BrokerCheck.
Clearing firms, facing declining revenue and increased competition, have something new to worry about: More and more broker-dealers are seeking loans as an incentive to sign on with a new firm.
Citi Personal Wealth Management, the last vestige of retail brokerage at Citigroup Inc. following its spinoff of Smith Barney last June, plans to launch its long-awaited referral program to outside registered investment advisers this summer.
A champion of the fiduciary standard sought to drive a wedge between brokerage and advisory firms today.
Nationwide Financial Services Inc. last week bumped up its variable annuity living benefits, signaling a return — for some carriers — to the generous benefits that backfired on insurers when the stock market imploded in 2008.
The Geller Group LLC, a New York retirement plan administrator and registered investment adviser, has confirmed in internal memoranda that it is being investigated by the Labor Department.
