Nationwide Says DOL Rule Behind Jefferson National Deal
Nationwide said it struck a deal to buy the Louisville-based Jefferson National, a firm with about $4.7 billion in client assets.
Securities America Buys $2B Advisor Group, Wraps Up 9th Deal
The IBD is adding some 67 advisors who produce $11 million in yearly revenue near Rochester, New York.
Wells Fargo Faces ‘Top-to-Bottom’ Review, Labor Department Says
Senators questioned whether workers were denied overtime pay; Labor Secretary Perez says in letter he ordered investigation.
‘Messy’ Times Are Behind LPL, CEO Casady Says
"We have rounded a corner through our heavy investments," LPL CEO Mark Casady tells some 3,500 registered reps at the IBD's conference.
Securities America to Buy Foothill Securities' Advisor Business
In the deal, Securities America will add up to 210 advisors with some $5 billion in assets.
SIFMA Roiled by Split Over DOL Fiduciary Suit by Wirehouses, Smaller Firms
Large broker-dealers favored compliance over fighting DOL; Wells Fargo, Morgan Stanley said to have opposed court battle.
A Glimpse of the Future of Annuities
Lower commissions and the continued decline of VAs are among the likely effects of the DOL fiduciary rule and other market forces.
LPL Expands D.C. Presence After Quitting FSI
The IBD opens office near the Capitol after ending its membership in the Financial Services Institute IBD advocacy group.
Lessons for Advisors From Indecipherable DOL Fiduciary Rule
A free Microsoft tool can make your own letters, blog posts and proposals understandable, unlike the DOL's fiduciary rule.
Cetera, Freed From RCAP Bankruptcy, Set to Charge Ahead
“We are recapitalized and have a new board of directors,” CEO Larry Roth told ThinkAdvisor. “It’s fantastic!”