SEC Launches New FINRA Inspection Team
FINRA and Securities Industry Oversight group, headed by Kevin Goodman, chief of the agency’s BD exam program, “is now up and running,” says SEC.
Who Wants to Buy LPL? So Far, One Ex-Broker
In a challenging week for the IBD, Joseph Nodarse of Hudson, Riley says he is exploring a bid, but there’s skepticism over his plan.
Recruiting Roundup: Ameriprise Adds UBS Rep, RBC Taps Complex Chief
Deutsche Bank Wealth Management expands executive team by hiring Credit Suisse managers; more.
LPL ‘Baggage’ May Block Search for Buyer: Nomura Securities
LPL is reportedly looking at a potential sale or other financial arrangements, but analysts say finding a buyer could be a problem.
Why the Wirehouses Hate the AUM Business Model
To me, the big question is why brokers continue to share their revenues with their broker-dealers.
Is LPL Financial Up for Sale?
The independent broker-dealer is reportedly exploring a variety of possible moves.
Raymond James Honors Five ‘Women of Distinction’ at Event
The firm gives awards to top female advisors in its various divisions during the annual Women’s Symposium in Orlando.
Envestnet Acquires Data Analytics Provider Wheelhouse Analytics
Wheelhouse Analytics is a provider of data analytics and mobile sales solution, and could help with DOL fiduciary compliance.
Merrill Grabs $2B Team From Morgan, Loses $800M Group to Janney
BofA-Merrill Lynch adds eight advisors in the state of Washington, while Janney picks up five reps in Connecticut.
Top Portfolio Products: Envestnet Launches DOL Compliance Solution
The platform enhancement is designed to help advisors comply with the new rule as part of a "seamless wealth management process."