Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Cetera Buys $490M BD, RIA in Philadelphia
By Jeff BermanThe purchase of Magis Financial Partners was finalized March 1, Cetera says.
March 05, 2021
LPL Moves to Boost Credit Facility to $1B, Refinance $900M DebtThe aggregate amount of LPL's outstanding debt, though, "would be substantially unchanged as a result of the transaction," the firm said.
March 04, 2021
Ex-Cetera CEO Larry Roth to Advise Cloud Tech Firm: Tech RoundupAlso, Cetera broker-dealers can now use the Simon Annuities insurtech platform as part of a new deal.
March 04, 2021
Raymond James Insurance Group Names New PresidentDoug Brigman, previously manager of the employee channel's Tampa Bay Complex, succeeds Scott Stolz, who retired in December.
March 03, 2021
FINRA Bars Ex-LPL Rep Accused of Investing Client's Money in Ponzi SchemeThe former broker allegedly moved a client's IRA to a different administrator and used forged documentation to invest the money.
March 01, 2021
Massachusetts BD to Pay $450K Over 12b-1 FeesThe BD also used its principal trading account to engage in self-dealing, the SEC says.
February 25, 2021
Atria Wealth Solutions Teams With Riskalyze to Help BDs: Tech RoundupAlso, Fidelity's eMoney Advisor expands financial wellness initiatives.
February 24, 2021
Ameriprise Introduces Business Development Program for Next-Gen AdvisorsThe new Associate Financial Advisor Business Development Program was designed to prepare licensed Ameriprise advisors for long-term success, it says.