Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Baird Adds 7 Advisors in Midwest, Southeast From Morgan Stanley
By Janet LevauxThree FAs join Baird from Morgan Stanley Smith Barney in Sioux City, Iowa, while three others come on board in Charleston, S.C. and one more in Charlotte, N.C.
February 22, 2011
Retiree Sues Wells Fargo for Mishandling IRAA retiree in Florida has sued Wells Fargo after her broker allegedly mishandled IRA assets, despite having already suffered losses with the same broker, according to a statement released Tuesday by the woman's lawyer.
February 17, 2011
LPL Financial Launches Fee-Based VA Platform for All Its AdvisorsLower M&E expenses on VAs from five different VA manufacturers will be available to advisors on all of LPL's channels.
February 15, 2011
Pershing Study Forecasts Shortage of BD RepsFA Insight research finds demand for advice may outstrip supply of BD reps; says recruiting must "evolve" to include retention and development of reps for BDs to survive
February 15, 2011
2010 Q4 Earnings: Investors Cap Reports Lower Income, Rising SalesAverage revenue per FA improved to $145,153 in the quarter, an increase of 12.5%.
February 15, 2011
The Advantage for Advisors of a Fiduciary Duty Right NowNo matter what the SEC decides to do (or not do), there remains a broad marketing advantage right now for fiduciary advisors.
February 10, 2011
National Financial’s Mirchandani on Fidelity’s Strategy, Advisor ChallengesTwo years after being named to run second-largest clearing firm for IBDs, Mirchandani discusses challenges posed by risk-shy investors and an aging advisor workforce.
February 10, 2011
Fidelity Announces Upgrades for National Financial’s StreetScapeSanjiv Mirchandani, president of National Financial, said upgrades being rolled out during 2011 include redesign, trading and account management enhancements.