Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Envestnet Brings Holistic Wealth Management Platform to Symetra
By Joyce HansonEnvestnet co-founder Jim Lumberg says the ability to see held-away client assets is a business-building opportunity for advisors.
November 01, 2012
First Allied to Buy Legend GroupThe combined entity could have up to 1,500 advisors and some $30 billion in assets, after the deal with Waddell & Reed is finished.
November 01, 2012
FSI Adds Five Broker-Dealers to Its RollsFSI announced on Thursday that a number of independent broker-dealers have now made their advisors members of the advocacy organization.
October 31, 2012
Morgan Stanley Grabs Reps From Raymond James, Wells FargoThe three new advisors move to Morgan Stanley with more than $4 million in yearly fees and commissions and roughly $430 million in client assets.
October 31, 2012
LPL Tops Estimates, Boosts AssetsThe number of advisors drops from the second quarter, but is up for the year at 13,140.
October 31, 2012
The Bonus DebateMuch as I believe that investors everywhere would benefit from a level playing field between RIAs and brokers, the disclosure of recruiting bonuses would be over the top.
October 30, 2012
Should Brokers Be Forced to Disclose Their Bonuses to Clients?SEC Chairwoman Mary Schapiro in 2009 wrote a letter to broker-dealer CEOs warning them about recruiting brokers with high upfront bonuses.
October 30, 2012
TD Ameritrade Has 13% Drop in Quarterly Profits, But Boosts Net New AssetsAMTD's profits for the full year fell 8%, totaling $586 million, or EPS of $1.06, versus $638 million a year ago, or EPS of $1.11.