Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Commonwealth to Roll Out More IA Options in Early ’13
By Janet LevauxThe independent broker-dealer believes more flexibility on affiliation will help it attract more breakaway brokers and give its advisors and prospects more options.
November 01, 2012
FSI Adds Five Broker-Dealers to Its RollsFSI announced on Thursday that a number of independent broker-dealers have now made their advisors members of the advocacy organization.
October 31, 2012
Morgan Stanley Grabs Reps From Raymond James, Wells FargoThe three new advisors move to Morgan Stanley with more than $4 million in yearly fees and commissions and roughly $430 million in client assets.
October 31, 2012
LPL Tops Estimates, Boosts AssetsThe number of advisors drops from the second quarter, but is up for the year at 13,140.
October 31, 2012
The Bonus DebateMuch as I believe that investors everywhere would benefit from a level playing field between RIAs and brokers, the disclosure of recruiting bonuses would be over the top.
October 30, 2012
Should Brokers Be Forced to Disclose Their Bonuses to Clients?SEC Chairwoman Mary Schapiro in 2009 wrote a letter to broker-dealer CEOs warning them about recruiting brokers with high upfront bonuses.
October 30, 2012
TD Ameritrade Has 13% Drop in Quarterly Profits, But Boosts Net New AssetsAMTD's profits for the full year fell 8%, totaling $586 million, or EPS of $1.06, versus $638 million a year ago, or EPS of $1.11.
October 26, 2012
BDs: Are You Opening Accounts the Wrong Way? You Could Be Losing Clients and AdvisorsBroker-dealers that dont have well-developed account opening processes are losing clients and depressing advisor satisfaction levels, a white paper released by Aite Group on Thursday found.