Errors of Commission: AUM Fees Are Better Business
Broker-dealers' decisions to stop offering commission products in retirement accounts reopens the fees-versus-commissions debate.
DOL Rule Casualty: Commonwealth Drops Commission Retirement Products
Indie BD says the decision was “challenging,” though it makes less than 10% of revenue from commissions on these accounts.
Top Portfolio Products: AssetMark, Fi360’s New Tools to Help Advisors With DOL Rule
In addition, Vestmark unveils a new robo platform and Envestnet to integrate with MoneyGuidePro.
TD Ameritrade, TD Bank Said Near $4B Scottrade Deal
Deal would combine two of the largest online brokerages; Scottrade now works with about 1,000 RIAs.
Why a Fiduciary Duty Matters
Does a fiduciary duty really make a difference in the quality of the advice that retail investors get?
From Small to Medium: How to Manage Growth Fears
Independent firms' entrepreneurial mindset emerged in the 1980s, when the industry developed two variations on existing business models.
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.