Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
DTCC: Annuity Inflows and Outflows Dipped in January
By Warren S. HerschAnnuity inflows processed by DTCC in January declined by more than 20%, to $6.2 billion from $7.8 billion in December. Outflows processed in January declined almost 8% to $5.5 billion from $5.9 billion in December.
February 21, 2012
Why Some Big Breakaway Brokers Are Going Independent: EconomicsThese days, big wirehouse brokers are making the move to independence for economic reasons. Will that change the independent advisor community?
February 17, 2012
Industry Groups Struggle to Provide Data for Fiduciary StandardInsurance industry trade groups are having difficulty providing the basic data the Department of Labor says it needs to prepare an economic impact study that must be included in its new proposal for a revised definition of fiduciary in sale of retirement products.
February 17, 2012
Industry Groups Struggle to Provide Data for Fiduciary StandardInsurance industry trade groups are having difficulty providing the basic data the Department of Labor says it needs to prepare an economic impact study that must be included in its new proposal for a revised definition of fiduciary in sale of retirement products.
February 16, 2012
DOL Deadline on Fiduciary IRA Request Set for Feb. 24The Department of Labors Employee Benefits Security Administration (EBSA) has given industry trade groups until Feb. 24 to fulfill the departments request regarding what impact the conflicts of interest faced by brokers who advise on IRAs have on IRA investors.
February 09, 2012
Confidence in Voluntary Benefits Industry RisesConfidence in the voluntary industry, which encompasses companies that sell optional employer-provided disability income, long-term care, life insurance, annuities and other insurance products, increased in Eastbridges Confidence Index to 99.7 at year-end 2011 from 98.4 in a mid-year 2011 survey.
February 09, 2012
Barclays Wealth Grabs 8 FAs From Wells, Morgan, GoldmanThe reps will work in the Los Angeles and Chicago offices after moving over from Credit Suisse, Goldman Sachs, Morgan Stanley and Wells Fargo.
February 03, 2012
Raymond James Expects Morgan Keegan Reps to StayExecutives at Raymond James and branch managers at Morgan Keegan say the retention deal is a good one, though recruiters remain skeptical.