Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Report: Annuity Inflows Processed by DTCC Rose to $7.5 Billion in May
By Warren S. HerschThe report reveals that annuity inflows processed by the DTCC in May increased to $7.5 billion from $7.4 billion in April. Similarly, outflows processed in May increased by almost 4% to over $6.4 billion from less than $6.2 billion in April.
July 05, 2012
Brokers, Get Ready: Suitability Rule Set to Take EffectFirms that are already concerned about the recommendations made to clients based on their existing portfolios now have this new wrinkle: the prospective customer, lawyer Brian Rubin says.
July 03, 2012
Why a Floating NAV for Money Market Funds Is a Bad IdeaSEC Chairman Schapiros suggestion would drive up the cost of investing and doing business by imposing new record-keeping and tax reporting requirements.
July 02, 2012
HighTower Adds Ex-UBS Team; Baird Grabs Merrill, Morgan FAsThe former UBS team should go independent with about $330 million in assets, while the advisors joining Baird could bring about $460 million in AUM and $3.2 million in yearly fees and commissions.
June 29, 2012
LPL, Baird Stage Major Volunteer ProjectsRaymond James plans a large community-focused effort for August.
June 29, 2012
Top 10 RIA-Friendly Indie BDsInvestment Advisor magazines 2012 BD Reference Guide helps sort and rank IBDs in five major categories, with AdvisorOne here highlighting 10 by their accommodation to RIAs.
June 27, 2012
LPL, Wells’ FiNet Tap New ExecsLPL FINANCIAL SAID IN EARLY JUNE THAT Dan Arnold, currently head of strategy for the largest independent broker-dealer, had been named chief financial officer of the company, the latest step in a management reorganization that has played out over the last few months.