Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
With Reform Bill, the Fiduciary Process Evolves
By Kate McBrideOn the heels of the June 25 final wording for financial reform legislation, the Foundation for Fiduciary Studies (FFS), unveiled an "evolved" fiduciary process and a new president, Louis S. Harvey.
June 25, 2010
GDP Revised to 2.7% for Q1 2010U.S. gross domestic product increased at an annual rate of 2.7% in Q1 2010, according to the third estimate released by the Bureau of Economic Analysis on June 25. The third estimate came in lower than the second estimate of 3.0% on May 27.
June 24, 2010
SEI Financial Advisor Survey Says Clients Are 'Very Concerned'A recent survey of 150 top financial advisors working with wealth manager SEI found that advisors continue to spend more of their time reassuring existing clients than actively acquiring new ones.
June 24, 2010
Senate Reform Bill Compromise on Fiduciary Is Still Being DebatedSenator Tim Johnson (D-South Dakota) offered House conferees a compromise Tuesday night, June 22, regarding putting brokers under a fiduciary standard of care.
June 24, 2010
Jobless Claims Fall, Durables Rise Excluding Aircraft; Economists Still Wary About RecoveryFaintly upbeat news from Labor and Commerce weren't enough to lift the U.S. stock market's mood on June 24 as mixed jobs and manufacturing data left investors wondering where the economy is headed.
June 24, 2010
Cetera Launches Advisory Platform to Enhance Wealth ManagementCetera Financial Group announced on Friday, June 18, that it has successfully rolled out AdvisoryOnline 2.0 to its independently managed broker/dealers, Financial Network Investment Corp. and Multi Financial Securities Corp.
June 24, 2010
REFORM DEAL: Fiduciary Standard Can Apply to BrokersIn the latest version of the financial reform bill, the Sentate and House decide that the SEC can put financial advisors/stock brokers under same fiduciary standard as investment advisors -- after study.
June 24, 2010
Fidelity Introduces Referral Program for RIAs Using 'Centers of Influence' PhilosophyFidelity has introduced a practice management program for RIAs designed to help them develop their referral networks through "centers of influence" the Boston-based custody and clearing giant announced June 24.