Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Morgan Stanley Grabs Reps From Raymond James, Wells Fargo
By Janet LevauxThe 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 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.
October 26, 2012
Baird Adds UBS Branch ManagerThe branch manager, Karen Heintz, oversaw 24 advisors with $3.1 billion in assets.
October 25, 2012
Raymond James Nabs $225M Wells RepThe veteran advisor, Mark Teed, joins its employee channel.
October 25, 2012
Principles vs. Rules: The Fiduciary Debate in a NutshellAt TD Ameritrade conference, CFA's Roper, IAA's Tittsworth and SIFMA's Carroll agree, disagree and look ahead at fiduciary standard, SRO for RIAs.
October 25, 2012
Ameriprise Gains Advisors, Boosts Assets"We had another good quarter, led by solid results in our advisory and asset management businesses, said Jim Cracchiolo, chairman and CEO.