Broker-Dealers

Displaying 5847 results

Topic

SEC approves Finra rule to rein in rogue brokerages

The rule requires firms with a history of misconduct or that employ a high number of reps with disciplinary records to deposit cash into an account controlled by the Financial Industry Regulatory Authority Inc.

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Wells Fargo taps Tyers to head independent advisor group

The former AdvisorEngine exec will oversee FiNet, First Clearing and the wirehouse's RIA business.

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Wells Fargo adviser managing $300 million leaves for RIA

Chad Bester is joining Mount Yale Capital Group in Minneapolis.

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Acquisition will create mega OSJ

Nashville, Tennessee-based GenXFinancial is acquiring Boston Partners Financial Group to form a $9 billion firm.

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Duo managing $740 million join LPL’s employee channel

Kyle Smith and Michael Sandlin are leaving Truist Investment Services in Raleigh, North Carolina.

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Duo managing $239 million at Wells Fargo leave for Stifel

Tim Devlin and Michael Jeremiah are joining the firm in Spokane, Washington.

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Ameriprise recruiting stalls in Q2

'As we went through the quarter, we didn’t expect it to slow down as much,' CEO James Cracchiolo said in an earnings call. The company reported 10,047 financial advisers across its platform at the end of June, compared to 9,894 a year earlier.

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Private equity firm invests in Concurrent Partners

Members of the partnership, which is affiliated with Raymond James, will be able to tap capital from Merchant Investment Management.

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Banks making cheap loans to the ultra-rich

Rock-bottom interest rates have fueled the biggest borrowing binge on record, and even billionaires with enough cash to fill a swimming pool are loathe to sit it out.

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Why are so many Merrill Lynch advisers leaving?

Whether they're inclined to stay or to go, advisers owe it to their clients and themselves to pay attention to the subtle, but important, changes happening at the company.

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JPMorgan to double advisers in broker unit

The bank is planning to hire more than 500 advisers in its traditional brokerage business in coming years, bringing the total in that unit to 1,000.

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A-Rod backs online brokerage Tornado in $10 million funding round

The seed round also featured other prominent participants like founder of Barstool Sports Dave Portnoy and New Enterprise Associates managing general partner Tony Florence.

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Finra CEO wants to extend remote branch office inspections into 2022

Temporary relief from onsite examinations, which began at the start of the pandemic, is set to expire in December.

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As in-person conferences restart, attendees want one thing above all else

New report shows financial adviser conference attendees are less impressed with sponsor status than they are with solid content from those sponsors.

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Cetera team managing $170 million switches to LPL

Three advisers who operate as West End Advisory in St. Louis make the move.

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Fed’s GPB investigation puts spotlight on spending

The mention of GPB auditors in a court filing highlights earlier allegations of executives using clients' money for their own personal benefit. Focused on independent broker-dealers, GPB was a leading seller of high-risk private placements in the past decade.

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Four-woman, $800 million Wells Fargo team goes indie

Miami-based Green Grove Wealth Management is affiliating with Insigneo.

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Schwab’s $200 million charge points toward conflicts with cash spreads

Cash spreads are certainly nothing new, but with almost $64 billion in assets, Schwab is likely the largest robo-adviser to hold significant chunks of client assets in cash.

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Three reps managing $200 million join Virginia Asset Group

Two of the advisers came from VCB Financial Group and one joined from Merrill Lynch.

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Emigrant Partners takes stake in Verdence Capital

The $3 billion Baltimore-area firm says it will use the funds to invest in its platform, expand its team and develop a national footprint through M&A.