Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Ex-LPL Execs Form New Recruiting Firm—FirstPoint Partners
By James J. GreenCo-founders Scott Collins and Scott Miller say they already have arrangements with Raymond James, Commonwealth and major custodians.
July 28, 2011
Raymond James Exec Upbeat on FA Growth, Praises Morgan KeeganRaymond James expects its advisor headcount to continue to expand this year, generally through the hiring of individual advisors and teams, but a merger or acquisition is not out of the question.
July 27, 2011
Q2 Earnings: Ameriprise Misses Estimates; No News on Securities America SaleThe number of Ameriprise advisors is 9,663, the company says, and its discontinued operations lost $4 million in the period.
July 27, 2011
Q2 Earnings: LPL Financial Net Revenue Rises 13.1%LPL Investment Holdings Inc., parent company of LPL Financial, reported second quarter net income Wednesday of $45.5 million, or $0.40 per diluted share, up $37.5 million compared to second quarter 2010 net income of $8 million, or $0.08 per diluted share.
July 27, 2011
Commonwealth Plucks 3 Top-Producing Firms From Securities AmericaIndependent BD adds Tonkinson Financial, Capital Wealth Management and Smallwood Capital.
July 27, 2011
Raymond James Taps New Exec to Continue PCG Earnings MomentumThe private-client group now has about 5,100 advisors and $278 billion in assets worldwide.
July 26, 2011
Hard Time for BDs on the Block to Find SuitorsWhile rumors persist about possible suitors for Securities America, Morgan Keegan and other broker-dealers on the market, experts say the pool of buyers…
July 22, 2011
FINRA Charged With Poor Transparency, Needs Closer Scrutiny—Compliance WatchThe non-governmental regulator lacks the 'checks and balances' of other government regulators, U.S. Chamber of Commerce charges.