Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Clearing's New Space
By Jane Wollman RusoffIn these challenging timeslethargic economy, record-low interest rates, high market volatility, softer trading volumes and a regulatory overhaulthe top firm in the clearing space has decided to totally transform its business model.
August 23, 2012
Avoiding Breakaway Protocol MisstepsA team of Merrill Lynch advisors who left for Morgan Stanley in April were caught trying to remove boxes containing confidential customer information, becoming a cautionary tale for brokers tempted to break protocol.
August 23, 2012
Three Advisors, Three StoriesWhen Louis Berger and his partner founded their RIA, Washington Square Capital Management, in New York City in 2009, they had to adjust their mindset.
August 23, 2012
Q2 ’12 Wealth Profits Top Year-Ago ResultsBank of America-Merrill Lynch reported profits of $2.5 billion for second-quarter 2012, or 19 cents a share, beating analysts estimates of 14 cents.
August 23, 2012
Going Independent?Going independent? Already selected your new venue? Then youve already made some very big decisions about making a change and the kind of change you want.
August 23, 2012
Custodians Offer More Trust Services to BDs and RIAsEnhancements from National Advisors, Pershing and Genworth all highlight a new custodian trend: helping advisors retain trust assets with powerful custody platforms.
August 23, 2012
Court Rules Brokers Are Independent Contractors, Not EmployeesThe victory for Waddell & Reed has potentially far-reaching consequences for BDs because the brokers filing suit alleged that some SEC and FINRA regulations indicated the sort of control found in an employee relationship.
August 23, 2012
Raymond James Reports Mixed July ResultsThe broker-dealers fees and commissions dropped a bit from June, though assets remained steady.