Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
ISM Manufacturing Up, but ADP Private-Sector Jobs Down
By Joyce HansonThe overall effect of all the economic data rolling in on Wednesday, September 1, was flat as the ISM manufacturing report showed strength but the ADP jobs report showed weakness.
September 01, 2010
Wells Fargo Moves to Fix Wachovia Tax-Withholding IssueThe bank began letting legacy Wachovia advisors set their own tax-withholding level on commissions in August, after automatically withholding 25% for the past seven months.
September 01, 2010
Morgan Stanley Still Dominates in FA Count; Merrill and UBS Lead in Fees, Assets per RepThe number of Morgan Stanley financial advisors -- including those involved in the joint venture with Smith Barney -- fell by about 50 to 18,087...
August 31, 2010
Wirehouse Assets: Still on Top, But Losing Market ShareThe four largest broker-dealers have about 60%, or $1.1 trillion, of the industry's managed assets, down from 64% last year, according to a recent study.
August 31, 2010
'The Future of Finance' From London School of EconomicsThe London School of Economics (LSE) is publishing a new book, The Future of Finance: The LSE Report, which asks: "What is a financial system for?"
August 31, 2010
Variable Annuity Costs Fell in Second Quarter, IRI Report FindsA report released Tuesday, August 31, from the Insured Retirement Institute found the cost of variable annuities fell in the second quarter of 2010.
August 31, 2010
Fed Minutes: Economy Operating at Lower Potential Than Previously ThoughtThe minutes of the Federal Open Markets Committee's meeting on August 10 show officials confused and struggling with the issue of high unemployment.
August 31, 2010
Wirehouse Assets: Still Leading, but Losing Market ShareThe four wirehouses continue to dominate the list of sponsors of separately managed accounts for the second quarter of this year, according to a research report just issued by the Money Management Institute and Dover Financial Research.