Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
BNY Mellon Posts Strong Q2 Earnings, Record Revenue, 10% Rise in AUM
By James J. GreenThe Pershing parent reversed its Q1 loss, helped by a one-time gain. It repurchased $330 million of its stock in the quarter and increased its dividend.
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.
July 11, 2013
UK drugmaker GSK accused of bribery in ChinaIndividuals admit to wrongdoing after being questioned.
July 10, 2013
Fidelity Clearing Unit to Reorganize, Appoint New LeadersFidelity Institutional announced Wednesday that it would reorganize the business due to rapid changes in the financial advice industry.