American College Starts Black Broker Scholarship Program
The fund aims to boost the share of advisors who are African-American, which is now less than 8%.
FINRA Launches New TRACE Data Product for Academics
The Academic Corporate Bond TRACE Data product is an enhanced version of historical TRACE data that includes masked dealer identities.
Cetera Names New General Counsel
Brian Stern leaves HD Vest in Dallas to join Cetera Financial Group in Los Angeles.
Raymond James Adds $2.4M Wells Fargo Team
Advisor Preston Covington and others join the employee channel in Columbia, South Carolina, with about $375 million in client assets.
LPL Moving 133 Jobs From San Diego to South Carolina
Fewer than 40 employees are being offered the chance to move across the country in order to keep their positions.
Clara Shih: How to ‘Work Smarter’ on Social Media
“You can’t just post and post” on social media, Clara Shih says; going a little deeper can help “ensure that robo-advisors don’t take over.”
Triad Adds OSJ With 11 Reps, $5B in Assets: Recruiting Roundup
Meanwhile, Cambridge promotes executive; Echelon Partners taps ex-LPL M&A specialist, others for new roles.
BD Must Repay Tribe $3.4M, Pay $750K FINRA Fine
An advisor that sold $190 million in nontraded REITs and BDCs has yet to resolve charges with the regulator.
BD Back-Office Consolidation: Profit Bonanza or Service Boondoggle?
There are three models broker-dealers are following in light of higher expenses and lower revenue. Which is best for reps, and their BD?
$700M Morgan Stanley Team Moves to Raymond James Indie Group
Steward Partners opens a new office in Florida with six breakaway brokers that have nearly $6 million in annual fees and commissions.