Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Raymond James Completes $1.2B Deal for Morgan Keegan
By James J. GreenRaymond James says acquisition from Regions Financial will give it nearly 6,500 representatives across employee, independent BD platforms.
March 29, 2012
Compensation Spending Down at Goldman, Up at Smaller FirmsGoldman Sachs ended 2011 with one of the lowest compensation-to-revenue ratios of the publicly traded investment banks, 42%, according to SNL Financial analysis.
March 27, 2012
AIJ Chief Denies Cheating, Admits Loss Cover-upSpeaking publicly for the first time since AIJ made headlines for losing client funds, the company president, Kazuhiko Asakawa, said that while he did cover up losses of $1.3 billion, he had never intended to cheat his customers and had been confident that the firm could recover the money.
March 26, 2012
Baird Growing Revenues at 12.5% Annual ClipMilwaukee-based Baird says it has recruited close to 250 advisors over the past two years or so, and its veteran reps have been boosting average fees and commissions by about 12.5% in 2010 and 2011, putting its year-over-year performance ahead of some larger rivals.
March 26, 2012
Tech EminenceAs educational editor of the 2012 TechLeaders Conference on March 1921 in Irving, Texas, Beacon Strategies LLC is contributing to the conferences goal of developing thought leadership that can be shared by broker-dealers of all sizes.
March 26, 2012
Advisor Group Touts Plans at ConfabThe Advisor Groups three broker-dealers had strong results in 2011, according to President and CEO Larry Roth.
March 23, 2012
Matt Lynch Moves to Tiburon From IBD-RIA Capital AnalystsMatt Lynch, former CEO of the independent broker-dealer/RIA Capital Analysts, is now a principal at Tiburon Strategic Advisors.
March 23, 2012
Morgan Stanley Grabs Two Reps From Merrill, Credit SuisseMorgan Stanley has continued to hire advisors despite broker defections, an executive-search consultant says.