With IBD Business Model Threatened, Who Wants to Buy One?
With talk of the possible sale of AIG Advisor Group and Cetera, Jon Henschen and Chip Roame discuss the state of the indie brokerage business.
Recruiting Roundup: UBS Picks Up 5 More Credit Suisse Advisors
Meanwhile, Ameriprise recruits an indie team from Cetera Financial in Denver to its employee channel.
FINRA Broker Arbitration Task Force Suggests 51 Changes
The panel's biggest conclusion: Arbitrators should be paid more.
Morgan Stanley to Pay $225M in Corporate MBS Case
Corporate credit unions purchased faulty residential mortgage-backed securities from the bank, which did not admit fraud in the settlement.
Investors See Turbulence Ahead; Confidence Somewhat Shaky
Investors who are not retired are significantly more optimistic than retirees who are concerned about the purchasing power of their retirement savings, Wells Fargo found.
Recruiting Roundup: Wells Fargo Nabs $1B UBS Group
Raymond James adds Wells & Oppenheimer reps to employee channel, LPL advisor to its indie group.
Morgan Stanley to Cut 1,200 Jobs, Take $150 Million Charge
Reductions amount to about 25% of fixed-income and commodities group worldwide.
Why the Broker Recruiting Protocol Is Here to Stay
Firms that stick with the protocol serve the best interests of their clients — and their advisors.
Raymond James’ Deutsche Deal a ‘Clever’ Recruiting Strategy
In buying Deutsche Bank's U.S. wealth unit, Raymond James is well-positioned to attract boutique advisors just as many boutiques are closing, recruiter Mark Elzweig says.
SIFMA Outlines 2016 Priorities
SIFMA CEO and President Ken Bentsen listed the trade association’s “major initiatives,” starting with cybersecurity.