Displaying 172 results
LPL extends winning streak as it welcomes Wells Fargo team
Victoria, Texas-based CoastPoint Financial adds $150 million in client assets to the broker-dealer giant’s network.
Broker-dealers and bitcoin ETFs: To sell or not to sell?
'Financial advisors don’t understand bitcoin,' one senior executive notes. 'It's a disaster waiting to happen.'
Broker-dealer index stays on pace with S&P 500 this year
'The broker-dealers are the toll collectors of trading volume.'
Advisor Group hires Dynasty co-founder Ed Swenson to lead RIA channel
The independent broker-dealer is developing different channel strategies as part of its rebranding, and RIAs are a big part of that.
Covid, convergence, consolidation and the 2021 RPA roundtables
Aggregators realize that in-plan retirement income solutions are needed, while CIOs understand that advisers need to be able to help participants navigate the myriad of benefits offered at work.
There’s much to look forward to in 2022
The InvestmentNews reporting team looks ahead to 2022 and sees many of these long-term trends continuing.
The latest in financial #AdviserTech — May 2021
The big news, announcements and underlying trends emerging in the world of technology solutions for financial advisers.
Finra suspension of in-person arb hearings harms investors, PIABA says
The regulator has extended its postponement of in-person arbitration proceedings through July 2, but says it expects to resume normal proceedings in some locations as coronavirus vaccinations increase.
Purshe Kaplan racks up $1.6 million settlement
Since 2017, the firm has been on the hook for $16 million in legal settlements and restitution to clients, with the lion's share stemming from one broker's sale of alternative investments to a Native American tribe in Michigan.
Merrill Lynch advisers can now send video account summaries
Say goodbye to PDF documents and hello to narrated and personalized videos for client accounts.
Navigating the blurring lines between M&A and recruiting
The competition for high-quality advisers and advisory firms, combined with an insatiable thirst for growth, is creating more choices for advisers as to both whom they partner with and how they choose to structure that relationship.
Finra bars former Merrill Lynch rep
Atlanta-based broker Tyler Delahunt had been discharged by the wirehouse over alleged outside investments.
William Blair team managing $2.2 billion forms RIA
Salvino Wealth Management team in Hinsdale, Illinois, becomes Performance Wealth
Robinhood hires two Finra execs
As scrutiny of the online brokerage mounts and as it prepares for an IPO expected later this year, it has recruited two officials from its front-line regulator.
The future of 401(k) plans, as industry leaders see it
The business is complex and competitive, and it is changing rapidly, industry leaders noted at several InvestmentNews events
B. Riley to acquire remaining 55% of National Holdings
The combination of Los Angeles-based B. Riley and New York-based National Holdings will result in a firm with roughly 900 registered representatives and $29 billion in client assets.
Finra obtains $2.7 million in restitution related to 529 share-class initiative
Morgan Stanley’s $1.7 million settlement highlights remedies for excessive fees
Merrill Lynch duo managing $200 million joins indie team
Patrick Fontana and Michael Dunham move to Raymond James affiliate in Dallas
Morgan Stanley rep managing $658 million moves to Alex. Brown
Mark Pomerantz is joining the Raymond James unit in Los Angeles
Ameriprise, CI eyeing Wells Fargo asset management unit
Offers are due later this month for the division, which reportedly could fetch more than $3 billion
