Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Lessons Learned From Securities America
By James J. GreenHighTower’s Weissbluth and FA Insight’s Inveen and DePardo on what broker-dealers, advisors and regulators can learn from the Securities America imbroglio.
March 25, 2011
Baird Taps More Wirehouse Staff, Open to IBD HiresWhile Baird has lately hired Morgan Stanley and Wells Fargo FAs, Baird's Matt Curley would consider Securities America and other independent advisors.
March 25, 2011
Baird Taps More Wirehouse Staff, Open to IBD HiresWhile it has mainly hired Morgan Stanley and Wells Fargo FAs recently, Biard would consider Securities America and other independent advisors
March 24, 2011
Raymond James: Advisor Results Up 21% in FebruaryAverage fees and commissions in February were about $35,000 per FA, or $181 million for all 5,300 Raymond James advisors, says CEO Paul Reilly.
March 23, 2011
Securities America Isn't Only BD That Sold Provident, Med Cap, List ShowsWhile most advisors may emerge unscathed, the independent broker-dealers that survive may need to rework operations to stay afloat.
March 23, 2011
Independent BDs Tell SIPC to Drop Excessive Fees Levied Post MadoffThe National Association of Independent Broker/Dealers is warning the SIPC that if it fails to decrease the annual fees it boosted significantly on small and medium-sized BDs after the Bernie Madoff Ponzi scheme, NAIBD will take the issue to Congress.
March 22, 2011
As Ameriprise Hopes to Mediate New Settlement, Securities America Reps Look to Jump ShipWhile Ameriprise Financial will likely be stepping in soon to mediate a settlement regarding its embattled broker-dealer subsidiary, Securities America, recruiters say that many Securities America reps are already contemplating jumping ship.
March 22, 2011
Envestnet Continues Expansion With Two More High-Profile HiresJohn Fitzpatrick, ex-Fidelity, and Sean Mullen, ex-Fortigent join Envestnet in sales, SMA consulting roles.