Moore to Leave LPL; Arnold Replacing Him as President
Robert Moore is leaving LPL to become CEO of Legal & General Investment Management America, an RIA specializing in fixed income.
Three Hidden Broker-Dealer Profit Centers Exposed
There's nothing wrong with broker-dealers being profitable, but how those profits are obtained could use a good dose of disclosure.
Best Social Media Approach Is a Flexible One: SIFMA Panel
At a SIFMA event, reps from several broker-dealers share how they target specific clients and broadly reach out to prospects.
LPL Defends $9M Fortigent Restructuring
The reorganization, whose cost includes $4.5 million in severance packages, will bring "innovation and efficiency" to LPL's HNW offerings, an executive said.
SEC Probing BDs’ Low Number of Suspicious Activity Reports
Considering the volume of transactions and the nature of the BD industry, the SEC's top cop finds the dearth of SARs a little, well, suspicious.
12 Best & Worst Broker-Dealers: Q4 Earnings, 2014
Here’s how some of the biggest firms’ earnings compared over the fourth quarter.
RCS Capital’s Q4 Profits Crash on ARCP Woes
The firm reported a 70% drop in adjusted earnings, even bigger than analysts had expected.
Stifel-Sterne Agee Deal Is a Go for $150M
The merged firm should have more than 2,830 advisors and $200 billion in client assets.
Finding Your Client’s Place on the Efficient Frontier
Modern Portfolio Theory plays a role in academic finance, but for Dave Basten of API Funds, MPT plays a unique role in investment practice.
Dynasty Adds $800M Team From Morgan Stanley
Meanwhile, Raymond James grabs teams from Ameriprise and Baird and a rep from Edward Jones.