Kovack Securities Inks Outsourcing Deal to Add 35 Reps
The strategic alliance could boost the IBD’s assets to more than $10 billion.
Alabama Securities Director Borg Steps Up as NASAA President
As he starts his one-year term, Joseph Borg notes growing BD interest in the NASAA Model Fee Disclosure Schedule.
It’s FAFSA Time: Get Your Clients Ready
Parents and students can file these forms, which are required for financial aid and PLUS loans, as soon as Oct. 1.
FINRA Hits Morgan Stanley for $13M Over UIT Trades
Hundreds of Morgan Stanley reps executed short-term UIT rollovers in thousands of customer accounts, FINRA found.
Envestnet | PMC Unveils Gender-Focused Impact Strategy: Portfolio Products
In addition, AlphaCore launched a new fund to make statistical arbitrage readily accessible to the public.
Raymond James Adds $170M Morgan Stanley Duo, Shares Financial Update
The firm boosted assets, fees and commissions in August and in September had "elevated expenses" tied to Hurricane Irma.
5 Big IBD Deals Dwarf RIA Mergers in 2017
Five large IBDs “are helping to shape the IBD channel into a concentration of a small number of large firms,” Fidelity reports.
RBC Adds $350M Merrill Team, $125M Morgan Stanley FA: Recruiting Roundup
Meanwhile, wirehouse reps depart for Baird, Ameriprise and Arkadios Capital; Royal Alliance and CAPTRUST attract large groups.
Regulators Charge SII With ‘Unethical’ Conduct Tied to REIT Sales
Advisors' commissions on the sales topped $278,000, according to Massachusetts securities regulator William Galvin.
Cetera Taps Ex-AFLAC Marketer as CMO
It also brings back a large financial-institutions client with $507 million in brokerage assets.