Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Wells Fargo: Q2'10 Advisor Total Makes It No. 3
By Janet LevauxWells Fargo Advisors' latest headcount of 15,102 puts it behind Morgan Stanley Smith Barney's 18,087 and Bank of America-Merrill Lynch's 15,142.
July 21, 2010
Piper Jaffray Q2 Results Show Earnings Disappointment on Fixed Income WeaknessPiper Jaffray announced net income of $7.4 million, or $0.36 per diluted common share, for the second quarter ended June 30, 2010, compared to net income of $11.6 million, or $0.59 per diluted common share.
July 21, 2010
As Wells Fargo Reports Q2 Earnings, Advisor Total Ranks No. 3As Wells Fargo on July 21, beat estimates on lower sales and profits, it saw the ranks of its advisor force move into the number three spot, despite rising year-over-year assets and sales in its wealth-management and brokerage businesses.
July 21, 2010
Study on Asset Management Examines Academics' ThinkingA new research paper evaluates academic contributions to the field of asset management and find them wanting, at least in terms of how the real world works.
July 21, 2010
SEC to Give 12b-1 Fees a Structural RevampThe Securities and Exchange Commission (SEC) said Wednesday, July 21, it planned to do away with 12b-1 fees as they are currently structured.
July 21, 2010
Schwab Study: RIA Mergers and Acquisitions Accelerated in First HalfThe independent RIA industry experienced strong merger-and-acquisition (M&A) activity during the first half of 2010, according to data compiled by Schwab Advisor Services.
July 21, 2010
Call for Papers: Applying the Fiduciary Standard in a Brokerage SettingThe Boston University Review of Banking & Financial Law and The Committee for the Fiduciary Standard announced a "call for papers" to address applying the fiduciary standard to brokers who provide advice to individual investors.
July 21, 2010
Morgan Stanley Raises Profits as Wealth Unit Sees OutflowsMorgan Stanley Smith Barney said Wednesday, July 21, that its global wealth management clients withdrew net $5.5 billion during the second quarter