Displaying 51 results
Breakaway brokers fill custodians’ pipelines
Market turmoil usually slows job hopping by brokers and financial advisers, but RIA custody firms say that their pipelines are as full as ever — and they don't expect a slowdown soon
Pershing ‘unaffected’ by BNY boss’ departure
It is difficult to tell what impact the loss will have on the Pershing LLC unit of BNY Mellon
B-D compliance burden growing, Pershing says
Pershing LLC, the industry’s biggest player in clearing and the No. 4 firm in the RIA custody business,…
RIAs: The struggle for advisory firms to maintain growth
RIA firms shouldn't expect the good times to last. After benefiting from strong equity markets in 2009 and 2010, registered investment advisory firms will be battling head winds for the next few years as they seek further growth, observers predict
To build assets, think rollovers
The key to winning a bigger wallet share of retirement assets from affluent investors is as simple as…
Pershing’s Brueckner: Finra could add board to oversee RIAs
The Financial Industry Regulatory Authority Inc. could oversee registered investment advisers through a separate governance structure, according to…
Coming soon: Clarity on alternative investments?
In an age of automation, broker-dealers interested in alternative investments -- hedge funds, LLPs,, non-traded REITs and the like -- still rely on phone calls and faxes to conduct transactions. A new platform could change all that.
RIA biz isn’t a fad, Pershing execs say
When it comes to the rapid growth of registered investment advisory firms, broker-dealers must either “feed the monster…
<i>InvestmentNews</i> and Moss Adams partner on independent-firm research
InvestmentNews has entered into a partnership with Moss Adams LLP of Seattle to continue the research and studies…
Pershing’s Tibergien to broker-dealers: You’re losing the battle with RIAs
Broker-dealers need to do some soul-searching if they want to continue to compete with registered investment advisers.
In B-D deals, it’s impossible to know what lies beneath
The dispute between LPL Investment Holdings Inc. and Pacific Life Insurance Co. over liability for rogue brokers is a reminder that unseen risks can be part of any acquisition, no matter how well-vetted, according to lawyers and investment bankers.
First Allied to offer Pershing platform to attract dually registered advisers
In an effort to attract stockbrokers who are migrating to a fee-based advisory practice, First Allied Securities Inc., this week will introduce a “hybrid” operational platform that has been engineered by Pershing LLC.
Hunting for hybrids: First Allied to offer platform to attract dually registered advisers
In an effort to attract stockbrokers migrating to a fee-based advisory practice, First Allied Securities Inc., next week will introduce a “hybrid” operational platform that has been engineered by Pershing LLC.
LPL reps on Pershing platform are seeking new B-D homes
In the wake of a decision last month by LPL to bring in-house the clearing function at three subsidiary broker-dealers, about 200 financial advisers at those firms have moved to other firms or are planning to do so.
SEEKING NEW BUSINESS
When Ben Marks set up shop as an independent registered investment adviser in November, he wasn't ready to give up the commissions that helped support him for more than a quarter century at large brokerage firms.
Schwab to waive fees for its RIAs’ new clients
The Charles Schwab Corp. is dipping into its deep pockets to help independent advisers capture business from full-service brokers.
Pershing plants trees
Critics may contend that a lot of Wall Street's output is hot air.
Pershing urges brokers to embrace RIA model
Executives of Pershing, the largest provider of clearing services to broker-dealers, spent much of their energy at the firm's annual Insite conference trying to persuade clients to open their brokerage doors to fee-based registered investment advisers.
Pershing asks advisers to pay surcharges for more funds
Pershing LLC, the largest provider of back-office services and financing to small and independent broker-dealers, this month began charging shareholder servicing fees to brokers and financial advisers who buy certain mutual funds from its Fund Center platform.
Schwab edges Fidelity in breakaway broker race
The Charles Schwab Corp. edged out Fidelity Investments during the first quarter in the battle to service the small but growing number of stockbrokers who are leaving their Series 7 licenses behind to become independent investment advisers.
