Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
DOL Deadline on Fiduciary IRA Request Set for Feb. 24
By Melanie WaddellThe Department of Labors Employee Benefits Security Administration (EBSA) has given industry trade groups until Feb. 24 to fulfill the departments request regarding what impact the conflicts of interest faced by brokers who advise on IRAs have on IRA investors.
February 03, 2012
Raymond James Expects Morgan Keegan Reps to StayExecutives at Raymond James and branch managers at Morgan Keegan say the retention deal is a good one, though recruiters remain skeptical.
February 01, 2012
Raymond James to Purchase Morgan Keegan From RegionsSt. Petersburg, Fla.-based Raymond James Financial said on Jan. 11 that it would buy Memphis-based Morgan Keegan from Regions Financial in a $930-million stock transaction.
February 01, 2012
FINRA Files Complaint Against Schwab for Asking Customers to Sign WaiverFINRA announced Wednesday that it had filed a complaint against Charles Schwab & Co. charging the firm had violated FINRA rules by requiring its customers to waive their rights to bring class actions against the firm.
February 01, 2012
SagePoint Grabs $1.8M Team, Expands Recruiting GoalThe team joins the Advisor Group of IBDs from Securities America. CEO Jeff Auld tells AdvisorOne that recruitment will help meet new targets.
January 25, 2012
Raymond James Meets Estimates as Results Weaken: Q1 FY 2012Private-client revenue grows 2% to $528.6 million as the number of financial advisors rises slightly.
January 25, 2012
Best Practices and Worst Pitfalls of Great Companies: FSI OneVoice 2012In a rapid-fire, and at times emotional, closing keynote on Tuesday, author and business consultant Simon Sinek implored audience members at FSIs conference in Orlando to go beyond the norm in how they think of themselves, their product and their clients.
January 24, 2012
Wells Fargo Grabs 7 From UBS, Morgan StanleyWells Fargo has hired seven advisors, including one joining its FiNet unit, that have about $5.8 million in yearly fees and commissions and about $730 million in total assets.