Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Putnam Hires Dr. Harlow, Bolstering Commitment to Retirement Business
By Michael S. FischerPutnam Investments has named Dr. W. Van Harlow director for investment retirement solutions, the firm announced Wednesday, July 28.
July 29, 2010
Genworth Swings to a Profit, Disappoints AnalystsOperating earnings were $0.24 per share; Wall Street expected $0.28 per share
July 29, 2010
Envestnet IPO Stock Starts Trading on NYSERinging the bell to start the day of trading at the New York Stock Exchange on Thursday, July 29, Envestnet Inc. formally became a public company under the ticker ENV.
July 29, 2010
Nuveen Acquires First American Funds AdvisorsNuveen Investments announced Thursday, July 29, that it had acquired the long-term asset business of First American Funds Advisors (FAF) from U.S. Bancorp in exchange for a 9.5% stake in Nuveen and an undisclosed amount of cash.
July 29, 2010
TD Ameritrade Rolling Out Data Integration Plan for Tech PlatformTD Ameritrade begin testing with application providers in weeks, and to advisors on Veo platform in months.
July 29, 2010
BofA's Krawcheck Unveils Merrill's Affluent Investor SurveyOn a conference call on July 28, Sallie Krawcheck, president of Bank of America Global Wealth & Investment Management, revealed the results of the Merrill Lynch Wealth Management Affluent Insights Quarterly survey of 1,000 affluent investors.
July 29, 2010
Fidelity Sees Big Uptick in Brokers Moving to IndependenceFidelity Investments helped some 95 individual brokers and teams, with nearly $7 billion in assets under management, transition to independence in the first half of 2010, the firm announced Wednesday, July 28.
July 29, 2010
Allianz Hires 11 Annuity WholesalersSales efforts will focus on financial advisors at large broker-dealers, banks and wirehouses