Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Baird Grabs 12 From Morgan, Wells Fargo, Schwab
By Janet LevauxBaird on Tuesday announced the hiring of 12 advisors from Morgan Stanley, Wells Fargo and Schwab with about $1.8 billion in combined AUM and about $10.4 million in yearly fees and commissions.
March 19, 2012
SEC Issues Risk Alert on BDs’ Due-Diligence Duties for Municipal SecuritiesCiting a lack of due diligence by broker-dealers, the SEC on Monday issued a Risk Alert on compliance measures to help BDs fulfill their due-diligence duties when underwriting offerings of municipal securities.
March 19, 2012
HighTower’s Weissbluth: ‘Brokers Are Butchers; Fiduciaries Are Dietitians’Elliott Weissbluths two-and-a-half minute whiteboard animation video recently posted on YouTube calling brokers butchers and fiduciaries dietitians is drawing quite a bit of attention.
March 15, 2012
What’s Behind Congressional Freeze on SEC Funding?In part one of a two-part series on the Bizarro World inside the beltway, a skeptical observer suggests theres a method to the madness of starving the SEC of what it needs to do its job.
March 13, 2012
Raymond James Rolls Out High-Net-Worth Credit LineAdvisors have already made 72 of these new loans as an alternative source of liquidity in recent weeks, the company says.
March 13, 2012
What Problem Exactly Is DOL Trying to Solve by Redefining ‘Fiduciary?'One thing we do know: the significant unintended consequence of forcing higher fees for IRA investors.
March 12, 2012
Hey Boomers: Better Get Better at Communicating with Younger GenerationsThe insurance industry has the jobs, but is failing to attract the talent to fill them. Boomer insurance execs need to learn why the disconnect exists and do a better job of positioning younger generations on the path to business ownership.
March 12, 2012
Morgan Stanley Team Goes Hybrid via LPLThe group, one of the largest teams in San Diego, left Morgan Stanley Smith Barney recently to set up an independent wealth-management firm, Ibis Capital. The firm plans to retain about 80 client relationships.