Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Knight Capital to Buy Astor Asset Management
By Kate McBrideElectronic-trading group is buying Astor for about $20 million in cash and stock.
July 26, 2010
Securities America Names Jim Nagengast as CEOSecurities America, the 1,900-representative independent broker/dealer, announced Monday, July 26 that it had named Jim Nagengast to succeed Steve McWhorter as CEO of the Omaha-based firm, a subsidiary of Ameriprise Financial.
July 25, 2010
Fidelity Poll Says Charitable Giving May Rise to Offset TaxesAdvisors surveyed in a poll released July 21 by the Fidelity Charitable Gift Fund expected clients' taxes to rise, and fully one quarter (26%) said they also expected clients to raise their level of charitable giving to offset the increase.
July 25, 2010
ByAllAccounts Survey: Account Aggregation Important for Small Advisor FirmsA ByAllAccounts survey of advisors conducted in June showed that financial account aggregation was used, daily in many cases, in small firms to populate their technology solutions.
July 23, 2010
HighTower Expands Into Silicon Valley Via Three Bridge WealthHighTower, the advisor-owned financial services company from Chicago, has announced its acquisition of a California independent that has deep ties to the Silicon Valley community.
July 23, 2010
Penson Misses Earnings Due to Expenses, Weak TradingPenson Worldwide reported net revenues of $71.11 million and a net loss of $7.4 million, or $0.29 per share, for the second quarter ended June 30.
July 23, 2010
Senate Approves Bank Amendment to Fund More Business LoansAfter extensive procedural maneuverings, the Senate last night on Thursday, July 22, approved a $30 billion fund that community banks can access to fund more business loans. The move came as an amendment to a small business lending bill.
July 23, 2010
SEI Poll: Majority of Advisors Unfamiliar with Financial ReformCall it watching from afar. A majority of financial advisors say they are unfamiliar with details surrounding financial reform and its potential impact on their business and clients, according to a recent SEI Quick Poll.