Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Senate Passes Dodd Reforms; Fiduciary Standard Not Included
By Melanie WaddellThe House financial reform bill includes a provision that will require brokers to adhere to a fiduciary duty, while the Senate bill does not.
May 21, 2010
Dodd Reform Bill POV: Harvey Pitt, Former SEC ChairmanBefore the Senate passed its reform bill, the Restoring Financial Stability Act, on Thursday, May 20, former SEC Chairman Harvey Pitt, who's now the CEO of Kalorama Partners, detailed his viewpoints on financial services reform to Investment Advisor.
May 21, 2010
Mercer Bullard, Investor Advocate, Talks About Financial ReformInvestor advocate Mercer Bullard is concerned about the impact of financial reforms that are intended to help investors. One reform in the Senate bill, which passed on Thursday, is an extension of the fiduciary standard of conduct to broker/dealers.
May 20, 2010
At NAPFA Conference, Tom Bradley Tells Advisors to Put Client FirstTom Bradley had several pieces of advice for the assembled fee-only financial advisors in his keynote address to NAPFA's national conference, but the most important is also the most obvious--always put the client first.
May 20, 2010
Commonwealth Financial Updates CMS; Improves Info Flow for AdvisorsCommonwealth Financial Network has released a revised version of its CRM 4.0 contact management system that includes two-way wireless synchronization, an updated Web-based calendar,...
May 20, 2010
Fidelity Says 401(k) Contributions and Balances IncreaseFidelity Investments, the nation's largest provider of workplace retirement savings plans, reported Wednesday, May 19, that its average account balance rose 41% to $66,900 by the end of first quarter of 2010.
May 20, 2010
Lipper Research Finds Islamic Funds' Results Are Sharply HigherIslamic funds invested in the Gulf Cooperation Council (or GCC, which includes several Arab states on the Persian Gulf) sharply improved their position in Lipper rankings, according to a recent report.
May 20, 2010
FDIC Reports Strongest Bank Results in Two YearsDespite market wobbles, the Federal Deposit Insurance Corporation (FDIC) released a piece of good news that some analysts count as further proof the worst is behind us.