Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Washington Watch: Industry Heeds SEC's Call for Comments
By Melanie WaddellThe advisory industry is wasting little time in telling the Securities and Exchange Commission (SEC) how it should proceed on crafting a fiduciary duty for...
September 01, 2010
Broker/Dealer Briefing: News and ProductsSecurities America, the 1,900-representative independent broker/dealer, announced July 26 that it had named Jim Nagengast to succeed Steve McWhorter, who resigned in January as CEO...
September 01, 2010
Wells Fargo Moves to Fix Wachovia Tax-Withholding IssueThe bank began letting legacy Wachovia advisors set their own tax-withholding level on commissions in August, after automatically withholding 25% for the past seven months.
September 01, 2010
Morgan Stanley Still Dominates in FA Count; Merrill and UBS Lead in Fees, Assets per RepThe number of Morgan Stanley financial advisors -- including those involved in the joint venture with Smith Barney -- fell by about 50 to 18,087...
August 31, 2010
Wirehouse Assets: Still on Top, But Losing Market ShareThe four largest broker-dealers have about 60%, or $1.1 trillion, of the industry's managed assets, down from 64% last year, according to a recent study.
August 31, 2010
'The Future of Finance' From London School of EconomicsThe London School of Economics (LSE) is publishing a new book, The Future of Finance: The LSE Report, which asks: "What is a financial system for?"
August 31, 2010
Variable Annuity Costs Fell in Second Quarter, IRI Report FindsA report released Tuesday, August 31, from the Insured Retirement Institute found the cost of variable annuities fell in the second quarter of 2010.
August 31, 2010
Fed Minutes: Economy Operating at Lower Potential Than Previously ThoughtThe minutes of the Federal Open Markets Committee's meeting on August 10 show officials confused and struggling with the issue of high unemployment.