Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
LPL Hits Milestone on $22B M&T Bank Deal
By Janet LevauxRoughly $14 billion of assets had been onboarded, and the remaining $8 billion should be moved over the next few months.
June 24, 2021
LPL Adds $1.6B Voya TeamThis is the second recruitment of a billion-dollar team the BD has announced this week.
June 24, 2021
Pushed by Pandemic, $842M Merrill Team Leaps to Raymond JamesWorking from home, "we felt that it was finally a good time for us to revisit what we want our business to look like," the team's managing director says.
June 24, 2021
Trendspotter: Where Have All the Brokers Gone?Registered reps and BDs have been declining in numbers for years. Susan Schroeder, Andy Tasnady and Danny Sarch explain why.
June 23, 2021
Guggenheim Securities Slapped by SEC for Violating Whistleblower RulesThe Guggenheim training manual forbade employees from communicating directly with the SEC, according to the agency.
June 23, 2021
Schwab to Launch Digital Account Onboarding for Advisors in JulyThe enhancement is part of a "second major wave" of digital capabilities and Schwab is already working on a "third phase" of its plan, it says.
June 21, 2021
Goldman Gets Review of Investor Suit in Supreme Court RulingInvestors, led by the Arkansas Teacher Retirement System, say they were deceived by the firm's assurances that it was avoiding conflicts of interest.
June 21, 2021
LPL Nabs $1.3B Team From Wells FargoThe new independent practice Boggs & Co. launches in Cumberland, Maryland.