Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
BDCs, Maligned by Regulators, Find a Champion
By John SullivanDespite recent warnings, Michael Forman of Franklin Square makes a strong argument for including business development companies in a portfolio.
July 18, 2013
Prospera Acquires TCA Financial GroupConsolidation in the small to mid-size broker-dealer space continues.
July 17, 2013
Raymond James Taps Wirehouse Talent to Boost Recruiting TeamThe four new regional directors also will focus on helping RIAs and hybrid advisors grow their business, according to the company.
July 17, 2013
Debunking Time: Fiduciary Duty Would be Good for (a Broker's) BusinessThe Financial Planning Coalitions letter to the SEC debunks the securities industrys current main objection that a fiduciary standard would cost too much for brokers.
July 16, 2013
LPL’s New Supervisory Rules Will Cost RepsLPL Financial announced to its reps on Monday that it is no longer allowing standalone reps to be their own supervisors. "This move will cause a lot of controversy and ultimately outflow to other firms, Jon Henschen said.
July 16, 2013
Schwab Q2 Profit Drops 11%; Sales Improve 4%Asset management and administration fees experience a 15% year-over-year increase and total $572 million in the latest period.
July 15, 2013
Want to Sell Your Practice With No Transaction Fee?A new website, run by recruiter Phillip Flakes, offers free listings to sellers and charges a subscription fee to buyers.
July 15, 2013
Focus Financial to Get $216M Boost From CenterbridgeThe new investment is the latest in a series of private equity moves impacting the wealth management industry.