Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Wells Fargo Raises Monthly Comp Hurdle for 2021
By Jeff BermanIt's the first time since 2014 that the firm has boosted the revenue its brokers must take in before earning a higher payout rate.
December 10, 2020
Why Raymond James' Purchase of $35B Retirement Plan Firm Is a 'Strategic Fit'It gives the firm "a new channel and capability" as the industry grapples with dwindling basis points, says consultant Tim Welsh.
December 08, 2020
To Boost Pro Bono Service, Advice Industry Must Set the Tone at the TopThe CFP Board should recommend planners do pro bono service every year.
December 08, 2020
LPL Eyes Midwest Base With Waddell & Reed DealThe broker-dealer also expects little to no repapering for W&R clients and that it will retain 70%-plus of W&R's 921 advisors.
December 08, 2020
Robinhood Faces Outage for Second Straight DayThe latest outage was just a "brief interruption" that was resolved quickly, a company spokesperson says.
December 07, 2020
Outages at Interactive Brokers, Robinhood Annoy InvestorsProblems at Interactive Brokers follow Friday's news that it's buying Folio's DIY investor unit from Goldman Sachs.
December 03, 2020
Why LPL's Waddell & Reed Deal Is a Big Score for Both SidesThe $300 million transaction is "a quality acquisition" for LPL with "substantial benefits" for W&R advisors, Jon Henschen says.
December 02, 2020
Advisors, Others Weigh In on LPL's Waddell & Reed DealThe news comes on the heels of lots of industry dealmaking and speculation about which firm would move to buy Waddell & Reed.