COR Securities Buys Clearing Firm Legent
COR Securities Holdings announced Tuesday that it has acquired independent securities clearing firm Legent Clearing.
Pershing Parent BNY Mellon Settles Probe for $1.3 Million
The investigation dealt specifically with one of the company's subsidiaries, Mellon Financial Markets (now BNY Mellon Capital Markets).
Pershing Augments Trust Network
Pershing LLC, a BNY Mellon company, announced Wednesday that it has enhanced its Trust Network with the additions of Comerica Bank & Trust and New York Private Trust Co. Trust Network is the open-architecture platform that enables Pershing’s introducing broker-dealer and independent RIA customers to offer their clients a wide...
Wealthcare Welcomes Len Reinhart to Board
Wealthcare Capital Management announced Tuesday that Len Reinhart, the former president and founder of the Lockwood family of companies, will join the firm’s board of directors.
New Hires Roundup: Senate Banking Panel Approves SEC Nominations; Gregg Goes to The Hartford
This week in new hires, the Senate Banking Committee approved several SEC nominations; Michael Gregg was welcomed at The Hartford; Tom Douie rejoined Neuberger Berman; and Carl Steinhilber and Roderick Toppin went to MassMutual.
Ex-Lockwood Execs Form Palladiem to Compete in SMA Market
Lockwood Co-Founder Robinson to head new company, bringing with him top managers from the Pershing affiliate.
Top Portfolio Products: AdvisorShares, Cousteau Develop ETF; Van Eck Introduces Closed-End Municipal Bond ETF
New products introduced in July include a socially responsible ETF from AdvisorShares and a closed-end municipal bond ETF from Van Eck, as well as a guaranteed income annuity from New York Life and a China currency bond fund from Guinness Atkinson.
Pershing Enhances ValueAlliance Program With New Providers
Pershing LLC announced on Monday that it was adding over 20 providers to its ValueAlliance program, bringing the total number of providers on the platform to 66.
Beyond the Owner: Advisory Firm Paths to Success
Large financial advisory firms are more profitable, grow faster and have higher equity value per dollar of profit.
George W. Bush, Gordon Brown to Speak at Pershing Insite 2011
Former President George W. Bush and former U.K. Prime Minister Gordon Brown will speak at the Pershing Insite 2011 conference in Florida June 8 to 10.