Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
5 Best & Worst Broker-Dealers: Q2 Earnings
By Janet LevauxBrokerage firms in the second quarter boosted earnings growth as high as 470% and reported declines as low as 383% AdvisorOne selected a lucky 10 for scrutiny.
July 29, 2011
Ex-LPL Execs Form New Recruiting Firm—FirstPoint PartnersCo-founders Scott Collins and Scott Miller say they already have arrangements with Raymond James, Commonwealth and major custodians.
July 28, 2011
Few Buyers for Exiting Broker-DealersWhile rumors persist about possible suitors for Securities America, Morgan Keegan and other broker-dealers on the market, experts say the pool of buyers has shrunk dramatically over the past few years.
July 28, 2011
The Perils of Financial GeographyAs an industry, we are blessed with an abundance of creative home office types who cleverly apply mathematics to convince even sophisticated advisors that they have somehow managed to squeeze more than 100 cents out of a dollar.
July 28, 2011
Raymond James Exec Upbeat on FA Growth, Praises Morgan KeeganRaymond James expects its advisor headcount to continue to expand this year, generally through the hiring of individual advisors and teams, but a merger or acquisition is not out of the question.
July 27, 2011
Q2 Earnings: Ameriprise Misses Estimates; No News on Securities America SaleThe number of Ameriprise advisors is 9,663, the company says, and its discontinued operations lost $4 million in the period.
July 27, 2011
Q2 Earnings: LPL Financial Net Revenue Rises 13.1%LPL Investment Holdings Inc., parent company of LPL Financial, reported second quarter net income Wednesday of $45.5 million, or $0.40 per diluted share, up $37.5 million compared to second quarter 2010 net income of $8 million, or $0.08 per diluted share.
July 27, 2011
Commonwealth Plucks 3 Top-Producing Firms From Securities AmericaIndependent BD adds Tonkinson Financial, Capital Wealth Management and Smallwood Capital.