Brokerage ‘Kickbacks’ From Exchanges Draw Scrutiny
William Galvin of Massachusetts has written to Fidelity, Schwab, Morgan Stanley and others asking how they route orders to exchanges.
BMO Wealth Taps New Head of Advisor Group
Wallace Harris comes on board in Chicago to lead a staff of 240 with some $12.7 billion in client assets.
In a Shift, Cetera to Gather Its BDs at '18 National Conference
News of the plans, which will include "firm-specific" events, is being shared in a decentralized fashion.
IRS: Watch Out for 'Tax-Savvy' Phishing Scams Ahead of Oct. 15
Cybercriminals send emails about "software updates" to try and get info on taxpayers and commit fraud.
Kestra to Buy H. Beck, Add 600 Reps & Launch Robo
CEO Poer says seller Securian is not exiting the broker-dealer business and will keep ownership of another BD.
Senate Confirms Giancarlo as CFTC Chief
Two commissioners were also approved to help lead the derivatives regulator.
GMO’s Grantham on Momentum, Value, Ben Graham and Stock Prices
“Value (like gravity in physics) is a weak force in the short term, but very, very persistent,” says the chief investment strategist.
Invesco in Talks to Buy Guggenheim ETFs: Reports
The deal could push Invesco PowerShares, now the fourth-largest ETF player, over the $160 billion asset mark.
Former Morgan Stanley, Advisor Group Execs Launch New Firm, Buy 2 BDs
The new firm, Atria Wealth Solutions, will be led by Doug Ketterer, Eugene Elias and Kevin Beard.
Alex. Brown Nabs $500M Morgan Stanley Team
The group is becoming part of Raymond James' boutique wealth management group in New York.