Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Mixed Picture in Securities, Finance Hiring
By Jeff TestermanStill, the latest jobs report shows employment in the industry to now be at its highest level since July of last year, and it has posted a modest gain of 9,000 jobs for 2010.
August 11, 2010
Mutual Fund Volatility Remains High, ReFlow Index ShowsReFlow Management Co., LLC recently introduced the ReFlow Fund Flow Volatility Index to help mutual fund managers track asset flows and fund performance.
August 11, 2010
Stifel Improves Earnings, Despite Thomas Weisel, UBS CostsStifel Financial (SF) reported Tuesday, August 10, quarterly net income of $21.1 million, or $0.60 per share, on net revenues of $328.0 million for the quarter ended June 30, 2010.
August 11, 2010
ING Posts $1.7 Billion Q2 ProfitAmsterdam-based ING on Wednesday, August 11, released second-quarter earnings, posting a $1.7 billion net profit for the company, beating analyst estimates of $878 million.
August 11, 2010
Clearbrook Wins Away IPC Business From Troubled Jesup & LamontIndependent Portfolio Consultants (IPC) has transferred 1,400 client accounts worth over $1 billion away from troubled broker-dealer Jesup & Lamont Securities Corp. to the broker-dealer subsidiary of Clearbrook Financial.
August 11, 2010
Public Policy Forum to Discuss 'Fiduciary Duty in a Brokerage Setting'The Committee for the Fiduciary Standard (the Committee), announced a Public Policy Forum: Applying the Fiduciary Standard to the Delivery of Investment Advice, to be held on September 24.
August 11, 2010
U.S. Trade Gap, Budget Deficit Sharply WiderEconomic news about a sharply expanding U.S. trade gap, a wider federal budget deficit, and the Fed's decision to buy government debt spooked the markets on Wednesday, August 11.
August 10, 2010
Morningstar Issues New Research on Target-Date Fund PerformanceMorningstar has issued a series of target-date ratings and reports with data through the second quarter of 2010 for 20 of the largest target-date series in the industry.