Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
12b-1 Fees Still on SEC's Radar as SCF Agrees to Repay $567K
By Jeff Berman | Melanie WaddellRegulator says the RIA also will pay a fine of $200,000 to settle issues tied to funds with undisclosed revenue and higher costs.
August 13, 2020
LPL Grabs $800M Securities America Team: Recruiting RoundupMeanwhile, RBC picks up a $675 million Morgan Stanley group, and Dynasty helps lead a $360 million Merrill duo to independence.
August 13, 2020
Get More Referrals Without Asking — Prospecting in a Pandemic, Part 1In the first of a four-part series, I look at why asking for referrals doesn't work and what to do instead.
August 12, 2020
How to Choose a Model PortfolioA new Morningstar report is a good primer for advisors considering outsourcing investment management.
August 12, 2020
Pandemic Raises Risk of Advisor Misconduct, SEC WarnsFor example, advisors might be more likely to borrow money from a client or make a conflicted rollover recommendation, the SEC says.
August 12, 2020
Why Raymond James' Honest Talk About Racism MattersUncomfortable conversations are needed to solve this, as our firm showed with a recent webinar and Q&A about race and the workplace.
August 12, 2020
SEC Clarifies Use of 'Advisor,' 'Adviser' by Dually Registered FirmsThe FAQ explains how firms can market themselves while complying with Reg BI.
August 11, 2020
Securities America's CEO Re-Elected to FINRA BoardJim Nagengast first joined the board in 2018, when he was elected by large firms via a special election.