Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Robinhood Faces Outage for Second Straight Day
By Jeff BermanThe latest outage was just a "brief interruption" that was resolved quickly, a company spokesperson says.
December 02, 2020
Advisors, Others Weigh In on LPL's Waddell & Reed DealThe news comes on the heels of lots of industry dealmaking and speculation about which firm would move to buy Waddell & Reed.
December 02, 2020
JPMorgan to Buy Maker of Tax-Efficient Portfolio ToolsNews of the 55ip deal comes nine days after BlackRock moved to buy Aperio, a personalized indexer and SMA shop, for $1 billion.
December 02, 2020
LPL Set to Buy Waddell & Reed's Wealth Unit for $300MThe deal should take place after Australia-based Macquarie Group acquires all of Waddell & Reed's operations for $1.7 billion.
December 02, 2020
Goldman Names Two Execs to Lead Private Wealth ManagementMeena Flynn leads the global Markets Solutions Group, while John Mallory is head of Americas Private Wealth Management.
November 30, 2020
New Advisor Designation Drawing CriticismMichael Kitces questions whether clients would really seek out an Accredited Behavioral Finance Professional.
November 25, 2020
How to Convince Clients That Downturns Are OpportunitiesWhen markets turn volatile, it's "natural" for investors to get nervous, but research shows advisors can help them adjust in beneficial ways.
November 25, 2020
Ex-LPL Rep to Spend 3.5 Years in Jail for Ponzi SchemeJames Thomas Booth led "years-long scheme to defraud" clients of almost $5 million, said Acting U.S. Attorney Audrey Strauss.