Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
UBS Profit Jumps, as U.S. Unit Had Fewer Advisors but Improved Inflows
By Janet LevauxThe number of UBS advisors in the United States and Canada stands at 6,760 - a 2% decline from the first quarter and a 15% decline from last year.
July 26, 2010
Knight Capital to Buy Astor Asset ManagementElectronic-trading group is buying Astor for about $20 million in cash and stock.
July 26, 2010
Invesco PowerShares Sued by Sector SPDRs in Trademark DisputeThe Select Sector SPDR Trust on Monday, July 26, filed a lawsuit against Invesco PowerShares Capital Management and related entities for trademark infringement and misappropriation.
July 26, 2010
ConvergEx Awards Recognize Independent Research ProvidersConvergEx Group named winners of its Jaywalk Independent Research Provider Performance Awards for the second quarter of 2010 on Monday, July 26.
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.