Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Wirehouse Market Share Declines as Firms Focus on Profitability
By Gil WeinreichWirehouses are continuing to lose ground in asset management market share, but do they even care? A new report from financial services industry research firm Cerulli projects that the four biggest brokerage firms will remain the largest distribution channel by a factor of nearly two.
January 18, 2012
FSI Reports Record Attendees for Annual OneVoice ConferenceMore than 600 registrants and 65 exhibitors already for Jan. 23-25 conference for independent broker-dealer advocacy group.
January 17, 2012
TD Ameritrade Posts Mixed Results on Lower Trading for Q1 FY 2011TD Ameritrade reports that net new assets of $10.2 billion grew 11% vs. last year but dropped 18% from the previous quarter, as total assets hit $406.3 billion.
January 16, 2012
Supreme Court Rules in Favor of Arbitration–AgainLast Tuesday, the Supreme Court ruled in Compucredit Corp. v. Greenwood in favor of what the law firm Sutherland Asbill & Brennan says is the latest in a series of opinions that have 'come down firmly on the side of the enforceability of consumer arbitration agreements.'
January 16, 2012
Industry Groups to DOL: ‘Clarify’ Fiduciary IRA RequestIndustry trade groups told the DOL in a Jan. 12 letter that it would be impossible for them to provide data concerning conflicts of interests that brokers face in advising IRAs by Jan. 15.
January 16, 2012
Fiduciary Debate: What if Doctors Could Act Like Advisors?Wherein our intrepid blogger applies the logician's reductio ad absurdum argument to the current debate over applying the fiduciary standard to brokers, or not.
January 13, 2012
Apologies for the Technical DifficultiesTo our valued readers: Sincere apologies for the technological difficulties at LifeHealthPro this week.
January 12, 2012
Raymond James to Buy Morgan Keegan for $930 MillionThe final purchase price is tied to the retention of advisors, while the overall deal includes special provisions related to legal issues and costs.