Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
DTCC: $79 Billion Annuity Transactions Processed in First Half of 2012
By Warren S. HerschThe Depository Trust & Clearing Corporation processed almost 24 million annuity transactions totaling nearly $79 billion in the first half of 2012, the company reported today.
August 06, 2012
Death, Delusional Clients and Other Hard Lessons From a Breakaway BrokerHow a friends death led a wirehouse broker to go independent; lessons learned from a difficult, delusional clientthese are just a few of the stories veteran advisor Bob Collins tells...
August 03, 2012
Woodbury-Advisor Group Deal: A Recruiter’s PerspectiveAs far as acquisition matches go, the purchase of Woodbury by AIG could turn out to be one of the better retention purchases by the insurance giant.
August 03, 2012
Harris, M&I Banks Merge Broker-DealersThe BMO Financial Group now has 165 financial advisors in nine states, BMO Harris Financial Advisors President Mike Miroballi told AdvisorOne.
August 03, 2012
Facebook: Work in progress (Economist)Facebook has initiatives underway to boost revenue off the members it already has.
August 02, 2012
LPL Grabs Russo’s Advantage Financial, $2 Billion in Assets From NPCRusso described the move of 63 advisors to LPL from NPC as a process that Advantage Financial undertook as it created a philosophy reflecting the strong currents that are sweeping through the industry.
August 01, 2012
AIG Advisor Group and Woodbury Upbeat on Retention, Sales After DealThe AIG group, led by Larry Roth, plans further acquisitions in the independent space; the recently announced deal could add 1,400 reps to the 4,400-advisor firm.
August 01, 2012
India restores power after massive blackouts (Al Jazeera)The two-day blackout left 620 million without electricity. The Confederation of Indian Industry puts the loss to business in the hundreds of millions of dollars.