Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Merrill Hit With $8.9M SEC Fine Over Conflicts of Interest
By Melanie WaddellMerrill failed to disclose "its own business interests in deciding whether certain products should remain available to investment advisory clients," said SEC's Berger.
August 16, 2018
Advisors Have a Major Blind Spot on Retirement Income PlanningClients' needs in the distribution phase are just as varied as in the accumulation phase. Here are three ways to adapt.
August 15, 2018
Raymond James, Affiliate Add 4 Wells Fargo Reps With $662M: Recruiting RoundupMeanwhile, a duo of Wells Fargo advisors move to Ameriprise Financial in California with some $161 million in assets.
August 14, 2018
Allianz Life Joins Envestnet PlatformThe second insurance company to join the exchange will offer its full portfolio of annuities.
August 14, 2018
Credit Suisse Is Splitting Its Main Wealth Unit Into 7 RegionsThe bank is said to be giving more autonomy to regions; announcement on split could come this week.
August 14, 2018
SEC Reg BI Must Include Rollovers: MorningstarThe final Reg BI "should specifically identify broker/dealers' responsibilities when recommending a rollover," said Morningstar policy director Szapiro.
August 09, 2018
SEC Reg BI vs. Suitability: Here's the Difference, According to FINRA's CookSEC's advice proposals extend in "certain significant areas" the requirements for broker-dealers, Cook told senators.
August 09, 2018
Number of BDs, Reps Drops for Second Straight Year, New FINRA Report SaysSmall BDs "struggle with keeping up with burdensome FINRA requirements," recruiter Jon Henschen said.