Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
The Decline of Insurance-Owned Broker-Dealers
By Jonathan HenschenFrom 1990 up until a few years ago, insurance companies dominated broker-dealer acquisitions in order to gain greater control over insurance product distribution.
October 28, 2011
Barclays Adds 6 Advisors, 2 From BofABarclays Wealth said Friday that it recently hired six advisors, including one from Merrill Lynch and one from BofA-U.S. Trust in New York, Boston, Dallas and Miami.
October 28, 2011
Wirehouses to Lose 8% in Market Share, Average AUM Up 10%: CerulliCerulli reports that wirehouse broker-dealers had 43% of industry assets in 2010, an estimated 40% today and an expected 35% by 2013 representing an 8% decline.
October 27, 2011
LPL Increases Profits, Revenue in Q3; 782 Net New Reps in 2011Parent company of largest independent broker-dealer adds $3 billion in net new advisory assets in third quarter; nearly doubles assets in RIA custody unit, to $20 billion
October 27, 2011
Fidelity: How to Take Advantage of '$700 Billion' Mass Affluent OpportunityNew research from Fidelity Institutional seeks to help advisors to take advantage of what they call the $700 billion mass affluent opportunity.
October 26, 2011
Ameriprise Misses Estimates, but Boosts Advisor Force: Q3 EarningsThe company now has 9,714 FAs and says it has improved its retention levels, margins.
October 24, 2011
Regions' Latest Move Could Propel Sale of Morgan Keegan, Say ExpertsRegions Financial Corp. is offering potential suitors for its Morgan Keegan broker-dealer up to $200 million in financing, according to a report released Sunday.
October 21, 2011
IAA’s Tittsworth: Fiduciary Ruling Likely in Q1 of 2012: RISAt Retirement Income Symposium, David Tittsworth provides recent history and likely next developments on fiduciary standard for all.