Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
FINRA to Expand BrokerCheck Service
By Michael S. FischerStarting in August, the FINRA will begin to implement changes to its free, online BrokerCheck service that will significantly expand the amount of publicly available information about current and former securities brokers.
July 16, 2010
Schwab Improves RIA Assets on Flat Profits in Q2Charles Schwab said it had net income of $205 million, or $0.17 cents a share, for the second quarter of 2010, flat vs. the second quarter of 2009 but up from $6 million for the first quarter of 2010.
July 16, 2010
New 401(k) Fee and Conflict Disclosure Rule Issued by Labor Dept.The U.S. Department of Labor (DOL) issued an interim final rule on disclosure of fees and conflicts of interest affecting 401(k) and other retirement plans on Thursday, July 15.
July 16, 2010
Bank of America Profits Fall as Merrill Boosts Advisor Headcount, Fees & Income in Q2Merrill Lynch has 15,142 financial advisors vs. 15,005 in the previous quarter and 15,008 a year ago.
July 16, 2010
NAPFA Chair Bill Baldwin and Chair-Elect Susan John: The Weekend InterviewDuring a press tour in New York on Thursday, July 15, NAPFA's Susan John and Bill Baldwin met with Advisor Media Group associate editor Joyce Hanson for an intrerview.
July 15, 2010
A Glimmer of Job-Growth HopeOverall Employment The private sector added just 83,000 jobs according to the June employment report, which was not enough to offset the loss of some...
July 15, 2010
LPL Financial to Acquire National Retirement PartnersOn the heels of its filing for a $600 million stock offering, LPL Financial announced an agreement to acquire retirement plan specialist National Retirement Partners Inc. (NRP), which will form a new division called LPL Financial Retirement Partners.
July 15, 2010
Citigroup Profits Down, but Earnings Beat EstimatesCitigroup's profit fell 37% to $2.7 billion in the second quarter of 2010 from $4.28 billion a year ago, the company reported Friday, July 16.