Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
AIJ Chief Denies Cheating, Admits Loss Cover-up
By Marlene Y. SatterSpeaking publicly for the first time since AIJ made headlines for losing client funds, the company president, Kazuhiko Asakawa, said that while he did cover up losses of $1.3 billion, he had never intended to cheat his customers and had been confident that the firm could recover the money.
March 26, 2012
Advisor Group Touts Plans at ConfabThe Advisor Groups three broker-dealers had strong results in 2011, according to President and CEO Larry Roth.
March 23, 2012
Matt Lynch Moves to Tiburon From IBD-RIA Capital AnalystsMatt Lynch, former CEO of the independent broker-dealer/RIA Capital Analysts, is now a principal at Tiburon Strategic Advisors.
March 23, 2012
Morgan Stanley Grabs Two Reps From Merrill, Credit SuisseMorgan Stanley has continued to hire advisors despite broker defections, an executive-search consultant says.
March 22, 2012
The Hartford Breakup: What It Means for Woodbury RepsIts part of a trend of large insurance companies parting ways with their broker-dealers, a research director with FA Insight said.
March 22, 2012
Raymond James on Morgan Keegan Deal: Reps to Come; Earnings to GoCompany says retention of Morgan Keegan reps is 98%, which one recruiter calls irrelevant; quarterly earnings will take a hit.
March 21, 2012
Outsourcing the Back Office Across the GlobeNow that Lou Dobbs and other TV talking heads have mellowed on the outsourcing hysteria circa 2004, a sober look at the strategy, especially when it comes to the broker-dealer back office, is yielding positive results in efficiencies and cost containment.
March 21, 2012
The Hartford Exiting Life, Annuity Business, Exploring Sale of BD WoodburyThe Hartford says it plans to concentrate on its mutual fund and property and casualty operations.