Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
DOL rule will force consolidation of broker-dealers, Cerulli report says
By Warren S. HerschBroker-dealers with less than $10 billion in assets under management account for more than 80 percent of broker-dealer sales volume but less than 10 percent of advisor-managed assets.
December 14, 2016
SEC Approves 2017 Budget Boost for PCAOBPCAOB, which oversees audits of SEC-regulated BDs, gets a 4.2% increase over its 2016 budget.
December 13, 2016
Schwab to Launch Hybrid Robo-Advisor ServiceSchwab Intelligent Advisory combines the service of a live credentialed professional and logarithm-driven technology.
December 13, 2016
Betterment for Advisors Partners With FPAThe strategic partnership will help educate advisors about using technology to serve more clients, according to the FPA.
December 12, 2016
Ex-LPL Rep Gets 5 Years in Jail for Ponzi ScemeCharles Caleb Fackrell, who was based in North Carolina, fleeced investors of $1.4 million.
December 09, 2016
Blucora, HD Vest to Add Robo-ServicesSome 5 million TaxAct clients will soon have access to the Financial Guard platform but can opt to work with FAs instead.
December 08, 2016
State Warns BDs: Watch ‘Bad Actors’ or We’ll Do It For YouA sweep of more than 240 broker-dealers in Massachusetts yields some revealing information on misconduct and supervision.
December 08, 2016
Enforcement Director Ceresney to Leave SECDuring Andrew Ceresneys nearly four years as enforcement director, the SEC filed more than 2,850 enforcement actions.