RCAP to File for Bankruptcy; Cetera to Become Private Firm
Despite industry speculation, the group of independent broker-dealers is not being sold.
SEC Investor Advocate to Congress: 'Appropriate Limits' Needed in Elder Fraud Rules
SEC's Fleming tells lawmakers that any new authority given BDs and advisors "to intervene in clients’ accounts" must include "limits on that authority."
Lion Street Announces Strategic Partnership With Voya Financial
Lion Street is partnering with Voya Financial’s individual life insurance business.
Who Wins, Who Loses With New DOL Rule? $3 Trillion in Play
Morningstar's Stephen Ellis looks at the costs, benefits of DOL fiduciary rule, says $3 trillion in assets will be affected.
Clock Ticking on Advisors' Compliance With SEC Pay-to-Play Rules
Now that FINRA, MSRB have filed pay-to-play rules with SEC, compliance with third-party solicitor provision at hand.
Raymond James Grabs Wells Fargo Rep in Denver
Veteran advisor Robert Campbell comes on board with an associate and some $190 million in client assets.
4 Factors That May Cause a Flood of Broker-Dealer Sales
With almost 15,000 reps at various broker-dealers looking to “get bought,” we may be headed for a flood of broker-dealer sales as prospects for their future profitability fade.
The Hole in the (Fire)Wall Gang
The financial industry can consider it a sure thing that cyber-risk will hit different segments in different ways in the year ahead.
Before DOL Fiduciary Rule Change, Time to Act on Fees Is Now
If you’re not fee-based, here's your action plan before DOL's rule takes hold, according to marketing coach Bill Good.
Recruiting Roundup: HighTower, Securities America Add Advisors
RDM Financial becomes HighTower partner with $700 million in assets; Felix Jones leaves Holmes Organization with $80 million.