Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Stifel to Buy Thomas Weisel; Would Have 1,900 FAs, $100 Bn AUM after Merger
By Janet LevauxDeal should give Stifel more private-equity products and Silicon-Valley clients, as well as about $1.6 billion in yearly sales.
April 23, 2010
Morgan Stanley's Branch Plans: Consolidation to 750 Offices in U.S.In the latest quarter (ended March 30, 2010), MSSB had 18,140 financial advisors, down a tad from 18,135 in the fourth quarter of 2009 and 18,444 in the second quarter of 2009.
April 23, 2010
Sens. Akaka/Menendez Press to Include Fiduciary Duty for Brokers in Final Reform BillInvestors and consumer groups urging Senate to co-sponsor Akaka/Menendez provision
April 23, 2010
Stocks Rise on Economic Reports and Greek Bailout RequestWith Greece formally requesting a bailout package and positive economic reports in the U.S., stocks across Europe and the U.S. rose Friday, April 23, but uncertainties over Greece's long-term stability dented the bond market.
April 23, 2010
Sales of New Homes Rise at Fastest Pace in 47 YearsThe drumbeat of positive news in the housing market continued for a second day, as sales of new homes in March had its biggest monthly jump in 47 years, the Commerce Department reported Friday, April 23.
April 23, 2010
Greece Formally Asks for Bailout Plan to BeginGreek Prime Minister George Papandreou on Friday, April 23, formally asked the European Union (EU) and the International Monetary Fund (IMF) to dispense the financial aid package that was arranged two weeks ago.
April 23, 2010
Orders for Durable Goods Pulled Down by Transportation SectorOrders for durable goods fell unexpectedly in March by 1.3%, but just beneath that disappointing number was an important, positive result.
April 23, 2010
Attendance Soars at FPA RetreatIt appears that the long drought for live advisor conferences may be over. Marv Tuttle, CEO of the Financial Planning Association, said April 22 that there were 360 planners attending the FPA's annual Retreat this year.