Schorsch Unit Draws State Regulator’s Scrutiny
Massachusetts’ William Galvin begins investigation of Realty Capital Securities’ nontraded REIT sales.
LPL, Advisor Group Stop Sales of American Realty Capital REITs
LPL, the biggest independent broker-dealer, has suspended sales of products tied to the Schorsch real estate empire.
More Cracks in Schorsch Empire as RCAP Dumps Cole Deal
Realty Capital appears to be acting in the best interests of its advisors and retail clients, one expert says.
After 13 Years of Invites, Commonwealth Snags LPL Advisor
Lance Nelson switches IBDs after getting quarterly postcards from Commonwealth since 2001.
New Hire Roundup: Vanguard’s McNabb to Serve Additional Term at ICI
Meanwhile, Dynasty Financial Partners announced a new partnering with Nova Wealth Advisors.
IRI Elects LPL’s Moore Board Chairman
New IRI Board members include Larry Roth of Cetera, Erica McGinnis of AIG Advisor Group and George Riedel of USIS.
LPL Adds Washington Office; Hires Chief Lobbyist
CEO Casady says "it's crucial" that advisors and the investors they serve "have a voice in the policy discussion at the federal and state level."
12 Best & Worst Broker-Dealers: Q2 Earnings, 2014
Some of Wall Street’s major players still struggle with litigation expenses; many are finding ways to further boost their wealth results.
Wells Fargo, U.S. Trust, Raymond James Add Teams From Rivals
Plus, a wealth group of five advisors affilates with LPL Financial in Wisconsin.
Wells Fargo, Raymond James Recruit Teams; LPL Adds 13 Reps
Plus, HighTower and NFP add separate retirement plan groups to their operations as partners.