Moore to Leave LPL; Arnold Replacing Him as President
Robert Moore is leaving LPL to become CEO of Legal & General Investment Management America, an RIA specializing in fixed income.
Schorsch’s RCAP to Take Big Stake in E-Document Firm Docupace
The Docupace investment is intended to help affiliated independent advisors streamline workflow while bringing RCAP a recurring revenue stream.
Why Alt Investments Are Luring Investors: Hatteras
The alt investment firm's new paper, “Defining Liquid Alternatives Investments,” shows advisors how they can use alternatives to diversify their clients’ portfolios.
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.
Schorsch's RCAP Buys Girard, Nears 10,000 FAs
RCS Capital moves to add Girard Securities to the expanding Cetera Financial Group of IBDs led by Larry Roth.
Schorsch's RCS Rebrands IBD Unit, Stays With Pershing
The unit, renamed Cetera Financial, will include expanded marketing platform and consulting services, Cetera CEO Larry Roth said.
Schorsch’s RCAP Buys Another IBD, Reports Q2 Results
VSR Group will join RCAP’s Cetera Financial group, boosting its advisor count to more than 9,200.
Fines Eat Into LPL's Q2 Earnings
LPL Financial's net income fell 4.4% from a year ago, mostly related to unforeseen regulatory costs.
Alternative Asset Managers Targeting Retail Market: Cerulli
“These firms have been hard at work identifying ways to make illiquid private investments more mainstream and allow smaller investors into their funds,” Cerulli says.
Should Brokers Be Forced to Disclose Their Bonuses to Clients?
SEC Chairwoman Mary Schapiro in 2009 wrote a letter to broker-dealer CEOs warning them about recruiting brokers with high upfront bonuses.