Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Industry Groups Struggle to Provide Data for Fiduciary Standard
By Arthur D. PostalInsurance industry trade groups are having difficulty providing the basic data the Department of Labor says it needs to prepare an economic impact study that must be included in its new proposal for a revised definition of fiduciary in sale of retirement products.
February 09, 2012
Confidence in Voluntary Benefits Industry RisesConfidence in the voluntary industry, which encompasses companies that sell optional employer-provided disability income, long-term care, life insurance, annuities and other insurance products, increased in Eastbridges Confidence Index to 99.7 at year-end 2011 from 98.4 in a mid-year 2011 survey.
February 09, 2012
Barclays Wealth Grabs 8 FAs From Wells, Morgan, GoldmanThe reps will work in the Los Angeles and Chicago offices after moving over from Credit Suisse, Goldman Sachs, Morgan Stanley and Wells Fargo.
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.